1,752 Shares in Carvana Co. $CVNA Bought by Arista Wealth Management LLC

Arista Wealth Management LLC purchased a new position in shares of Carvana Co. (NYSE:CVNA) in the second quarter, HoldingsChannel.com reports. The firm purchased 1,752 shares of the company’s stock, valued at approximately $590,000.

A number of other large investors have also recently bought and sold shares of CVNA. J.Safra Asset Management Corp lifted its stake in shares of Carvana by 140.8% in the 1st quarter. J.Safra Asset Management Corp now owns 3,390 shares of the company’s stock worth $709,000 after acquiring an additional 1,982 shares during the period. Berkshire Capital Holdings Inc. lifted its stake in shares of Carvana by 632,200.0% in the 1st quarter. Berkshire Capital Holdings Inc. now owns 63,230 shares of the company’s stock worth $13,220,000 after acquiring an additional 63,220 shares during the period. Praxis Investment Management Inc. lifted its stake in shares of Carvana by 56.0% in the 1st quarter. Praxis Investment Management Inc. now owns 4,400 shares of the company’s stock worth $920,000 after acquiring an additional 1,580 shares during the period. Hexagon Capital Partners LLC lifted its stake in shares of Carvana by 1,791.2% in the 1st quarter. Hexagon Capital Partners LLC now owns 2,591 shares of the company’s stock worth $542,000 after acquiring an additional 2,454 shares during the period. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of Carvana in the 1st quarter worth $359,000. Institutional investors and hedge funds own 56.71% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Ernest C. Garcia II sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $371.30, for a total value of $37,130,000.00. Following the sale, the insider owned 35,142,792 shares of the company’s stock, valued at approximately $13,048,518,669.60. This represents a 0.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Ernest C. Garcia II sold 93,376 shares of the company’s stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $394.16, for a total value of $36,805,084.16. Following the completion of the sale, the insider directly owned 6,624 shares in the company, valued at approximately $2,610,915.84. The trade was a 93.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,678,292 shares of company stock worth $608,812,907 in the last ninety days. Insiders own 17.12% of the company’s stock.

Carvana Stock Performance

Shares of CVNA opened at $333.28 on Friday. The company has a 50-day simple moving average of $364.10 and a 200-day simple moving average of $319.28. The company has a quick ratio of 2.58, a current ratio of 4.00 and a debt-to-equity ratio of 2.51. The company has a market capitalization of $71.72 billion, a PE ratio of 83.53, a P/E/G ratio of 1.12 and a beta of 3.55. Carvana Co. has a 52-week low of $148.25 and a 52-week high of $413.33.

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

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Royal Bank Of Canada raised their target price on shares of Carvana from $400.00 to $460.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Wall Street Zen upgraded shares of Carvana from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. Jefferies Financial Group set a $475.00 price target on shares of Carvana and gave the company a “buy” rating in a report on Wednesday, October 1st. Stephens reiterated an “overweight” rating and issued a $440.00 price target on shares of Carvana in a report on Tuesday, September 23rd. Finally, Gordon Haskett started coverage on shares of Carvana in a report on Monday, July 14th. They issued a “hold” rating and a $329.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $407.44.

About Carvana

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.