Carvana Co. $CVNA Shares Acquired by Aviva PLC

Aviva PLC increased its stake in shares of Carvana Co. (NYSE:CVNA) by 38.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,697 shares of the company’s stock after acquiring an additional 25,280 shares during the period. Aviva PLC’s holdings in Carvana were worth $30,561,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Hilltop National Bank acquired a new stake in shares of Carvana during the 2nd quarter worth approximately $25,000. Brooklyn Investment Group boosted its holdings in Carvana by 961.5% during the first quarter. Brooklyn Investment Group now owns 138 shares of the company’s stock worth $29,000 after buying an additional 125 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new stake in Carvana during the first quarter valued at $33,000. SJS Investment Consulting Inc. increased its holdings in Carvana by 960.0% in the second quarter. SJS Investment Consulting Inc. now owns 106 shares of the company’s stock valued at $36,000 after buying an additional 96 shares in the last quarter. Finally, LRI Investments LLC purchased a new position in Carvana in the second quarter valued at $42,000. 56.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Ryan S. Keeton sold 32,370 shares of the stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $301.68, for a total transaction of $9,765,381.60. Following the completion of the sale, the insider owned 115,456 shares in the company, valued at approximately $34,830,766.08. This represents a 21.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Mark W. Jenkins sold 12,750 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $364.42, for a total value of $4,646,355.00. Following the transaction, the chief financial officer directly owned 208,581 shares in the company, valued at approximately $76,011,088.02. This represents a 5.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 610,975 shares of company stock valued at $219,153,803 in the last quarter. Corporate insiders own 16.36% of the company’s stock.

Carvana Trading Up 4.9%

CVNA opened at $304.49 on Monday. The company has a quick ratio of 2.55, a current ratio of 4.05 and a debt-to-equity ratio of 1.63. Carvana Co. has a 52 week low of $148.25 and a 52 week high of $413.33. The business’s 50 day moving average is $356.50 and its two-hundred day moving average is $335.37. The firm has a market cap of $66.24 billion, a price-to-earnings ratio of 69.52, a price-to-earnings-growth ratio of 1.10 and a beta of 3.50.

Carvana (NYSE:CVNA) last announced its earnings results on Wednesday, October 29th. The company reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.26). Carvana had a return on equity of 30.62% and a net margin of 3.44%.The business had revenue of $5.65 billion for the quarter, compared to analysts’ expectations of $5.04 billion. During the same quarter last year, the business posted $0.64 earnings per share. The business’s revenue was up 54.5% on a year-over-year basis. On average, research analysts predict that Carvana Co. will post 2.85 EPS for the current year.

Analyst Ratings Changes

CVNA has been the topic of a number of analyst reports. Oppenheimer upgraded Carvana from a “market perform” rating to an “outperform” rating and set a $450.00 target price on the stock in a research report on Friday, July 25th. Jefferies Financial Group reissued a “buy” rating on shares of Carvana in a report on Thursday, October 30th. Wells Fargo & Company upped their target price on Carvana from $390.00 to $425.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Stephens reiterated an “overweight” rating and set a $440.00 target price on shares of Carvana in a research report on Tuesday, September 23rd. Finally, BTIG Research reissued a “buy” rating and issued a $450.00 price target on shares of Carvana in a report on Thursday, October 30th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $415.50.

Carvana Company Profile

Carvana Co, together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States. Its platform allows customers to research and identify a vehicle; inspect it using company's 360-degree vehicle imaging technology; obtain financing and warranty coverage; purchase the vehicle; and schedule delivery or pick-up from their desktop or mobile devices.