Vanguard Personalized Indexing Management LLC Grows Stock Holdings in Carvana Co. $CVNA

Vanguard Personalized Indexing Management LLC increased its stake in shares of Carvana Co. (NYSE:CVNA) by 13.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,030 shares of the company’s stock after buying an additional 1,769 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Carvana were worth $5,065,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Concurrent Investment Advisors LLC boosted its holdings in Carvana by 1.5% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 13,208 shares of the company’s stock valued at $4,451,000 after purchasing an additional 198 shares in the last quarter. Aberdeen Group plc boosted its holdings in Carvana by 60.1% in the 2nd quarter. Aberdeen Group plc now owns 5,810 shares of the company’s stock valued at $1,958,000 after purchasing an additional 2,180 shares in the last quarter. Callan Family Office LLC purchased a new stake in Carvana in the 2nd quarter valued at approximately $730,000. US Bancorp DE boosted its holdings in Carvana by 18.3% in the 2nd quarter. US Bancorp DE now owns 6,419 shares of the company’s stock valued at $2,163,000 after purchasing an additional 994 shares in the last quarter. Finally, Maryland State Retirement & Pension System boosted its holdings in Carvana by 23.4% in the 2nd quarter. Maryland State Retirement & Pension System now owns 6,241 shares of the company’s stock valued at $2,103,000 after purchasing an additional 1,184 shares in the last quarter. Hedge funds and other institutional investors own 56.71% of the company’s stock.

Insider Transactions at Carvana

In related news, CEO Ernest C. Garcia III sold 2,880 shares of the company’s stock in a transaction that occurred on Thursday, October 9th. The stock was sold at an average price of $355.19, for a total value of $1,022,947.20. Following the sale, the chief executive officer owned 350,000 shares of the company’s stock, valued at approximately $124,316,500. This represents a 0.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Benjamin E. Huston sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $389.27, for a total value of $3,892,700.00. Following the completion of the sale, the chief operating officer directly owned 103,197 shares in the company, valued at approximately $40,171,496.19. The trade was a 8.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,838,292 shares of company stock worth $664,602,807 in the last quarter. Insiders own 16.36% of the company’s stock.

Carvana Price Performance

CVNA stock opened at $338.77 on Tuesday. The firm has a 50 day moving average of $364.73 and a 200-day moving average of $317.04. Carvana Co. has a 12-month low of $148.25 and a 12-month high of $413.33. The company has a current ratio of 4.00, a quick ratio of 2.58 and a debt-to-equity ratio of 2.51. The company has a market cap of $72.90 billion, a price-to-earnings ratio of 84.91, a PEG ratio of 1.07 and a beta of 3.55.

Carvana (NYSE:CVNA) last posted its earnings results on Wednesday, July 30th. The company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.19. Carvana had a return on equity of 40.57% and a net margin of 3.46%.The firm had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.54 billion. During the same quarter in the prior year, the company earned ($0.05) EPS. Carvana’s revenue was up 41.9% on a year-over-year basis. As a group, equities analysts expect that Carvana Co. will post 2.85 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wall Street Zen raised Carvana from a “hold” rating to a “buy” rating in a report on Saturday. William Blair reaffirmed an “outperform” rating on shares of Carvana in a report on Wednesday, July 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carvana in a report on Saturday, September 27th. Evercore ISI lifted their price target on shares of Carvana from $365.00 to $370.00 and gave the company an “in-line” rating in a research report on Tuesday, August 12th. Finally, JMP Securities lifted their price target on shares of Carvana from $440.00 to $460.00 and gave the company a “market outperform” rating in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Carvana has a consensus rating of “Moderate Buy” and a consensus target price of $407.44.

Carvana 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.