ASR Vermogensbeheer N.V. Purchases 2,848 Shares of Carvana Co. $CVNA

ASR Vermogensbeheer N.V. increased its position in shares of Carvana Co. (NYSE:CVNA) by 37.0% in the second quarter, Holdings Channel reports. The institutional investor owned 10,546 shares of the company’s stock after buying an additional 2,848 shares during the period. ASR Vermogensbeheer N.V.’s holdings in Carvana were worth $3,554,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CVNA. Brooklyn Investment Group grew its stake in shares of Carvana by 961.5% during the 1st quarter. Brooklyn Investment Group now owns 138 shares of the company’s stock worth $29,000 after acquiring an additional 125 shares in the last quarter. N.E.W. Advisory Services LLC bought a new position in Carvana in the first quarter valued at $33,000. SJS Investment Consulting Inc. grew its position 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 purchasing an additional 96 shares in the last quarter. Geneos Wealth Management Inc. grew its position in Carvana by 251.4% in the first quarter. Geneos Wealth Management Inc. now owns 253 shares of the company’s stock valued at $53,000 after purchasing an additional 181 shares in the last quarter. Finally, V Square Quantitative Management LLC bought a new position in Carvana in the second quarter valued at $83,000. 56.71% of the stock is currently owned by institutional investors.

Carvana Stock Performance

Shares of NYSE CVNA opened at $376.56 on Friday. The company has a current ratio of 4.00, a quick ratio of 2.58 and a debt-to-equity ratio of 2.51. Carvana Co. has a 12 month low of $148.25 and a 12 month high of $413.33. The stock has a 50 day moving average of $364.64 and a 200-day moving average of $309.02. The company has a market capitalization of $81.04 billion, a P/E ratio of 94.38, a P/E/G ratio of 1.29 and a beta of 3.55.

Carvana (NYSE:CVNA) last released its quarterly earnings data on Wednesday, July 30th. The company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.19. Carvana had a net margin of 3.46% and a return on equity of 40.57%. The firm had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.54 billion. During the same period in the previous year, the business posted ($0.05) earnings per share. The company’s revenue for the quarter was up 41.9% compared to the same quarter last year. As a group, equities research analysts predict that Carvana Co. will post 2.85 EPS for the current year.

Insider Buying and Selling at Carvana

In other news, insider Paul W. Breaux sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $398.00, for a total transaction of $5,970,000.00. Following the completion of the sale, the insider owned 81,716 shares in the company, valued at $32,522,968. The trade was a 15.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Mark W. Jenkins sold 12,750 shares of the business’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $389.27, for a total value of $4,963,192.50. Following the completion of the sale, the chief financial officer owned 207,362 shares of the company’s stock, valued at $80,719,805.74. This trade represents a 5.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,307,066 shares of company stock worth $827,792,454 in the last ninety days. Insiders own 17.12% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CVNA shares. Wall Street Zen cut Carvana from a “buy” rating to a “hold” rating in a report on Friday. Oppenheimer upgraded Carvana from a “market perform” rating to an “outperform” rating and set a $450.00 price objective for the company in a report on Friday, July 25th. Wells Fargo & Company raised their price target on Carvana from $390.00 to $425.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Bank of America raised their price target on Carvana from $375.00 to $425.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Finally, Needham & Company LLC raised their target price on shares of Carvana from $340.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Thirteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $404.94.

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.