Universal Beteiligungs und Servicegesellschaft mbH Has $57.98 Million Stock Position in Carvana Co. $CVNA

Universal Beteiligungs und Servicegesellschaft mbH lowered its holdings in shares of Carvana Co. (NYSE:CVNA) by 1.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 153,687 shares of the company’s stock after selling 2,734 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Carvana were worth $57,977,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Royal Bank of Canada boosted its stake in shares of Carvana by 40.8% during the 1st quarter. Royal Bank of Canada now owns 29,867 shares of the company’s stock worth $6,243,000 after acquiring an additional 8,654 shares during the period. Geneos Wealth Management Inc. lifted its holdings in Carvana by 251.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 253 shares of the company’s stock valued at $53,000 after purchasing an additional 181 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Carvana by 82.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 4,533 shares of the company’s stock worth $1,579,000 after purchasing an additional 2,051 shares during the period. UMB Bank n.a. boosted its position in Carvana by 519.2% during the second quarter. UMB Bank n.a. now owns 322 shares of the company’s stock worth $109,000 after purchasing an additional 270 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in shares of Carvana by 38.2% in the second quarter. Farther Finance Advisors LLC now owns 4,811 shares of the company’s stock valued at $1,621,000 after purchasing an additional 1,329 shares during the last quarter. Institutional investors own 56.71% of the company’s stock.

Insider Transactions at Carvana

In other news, COO Benjamin E. Huston sold 40,000 shares of the company’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $439.50, for a total transaction of $17,580,000.00. Following the completion of the sale, the chief operating officer directly owned 100,758 shares in the company, valued at approximately $44,283,141. This represents a 28.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Ryan S. Keeton sold 32,370 shares of the stock in a transaction on Friday, October 31st. The stock was sold at an average price of $301.68, for a total value of $9,765,381.60. Following the sale, the insider directly owned 115,456 shares in the company, valued at approximately $34,830,766.08. This trade represents a 21.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 467,626 shares of company stock worth $192,090,109. Corporate insiders own 17.12% of the company’s stock.

Carvana Stock Performance

NYSE CVNA opened at $455.07 on Thursday. The firm has a 50-day moving average price of $413.80 and a two-hundred day moving average price of $374.31. Carvana Co. has a 12-month low of $148.25 and a 12-month high of $485.33. The company has a market capitalization of $99.00 billion, a P/E ratio of 103.90, a P/E/G ratio of 1.06 and a beta of 3.54. 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 (NYSE:CVNA) last released its quarterly earnings results on Wednesday, October 29th. The company reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.26). The business had revenue of $5.65 billion during the quarter, compared to analyst estimates of $5.04 billion. Carvana had a net margin of 3.44% and a return on equity of 30.62%. The firm’s quarterly revenue was up 54.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.64 earnings per share. Analysts anticipate that Carvana Co. will post 2.85 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on CVNA shares. Royal Bank Of Canada restated an “outperform” rating and set a $460.00 target price on shares of Carvana in a research note on Thursday, October 30th. Wall Street Zen cut shares of Carvana from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. Evercore ISI raised their price objective on shares of Carvana from $420.00 to $425.00 and gave the stock an “in-line” rating in a research report on Tuesday, December 23rd. Bank of America upped their target price on Carvana from $455.00 to $515.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Carvana in a research note on Tuesday, January 13th. Nineteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Carvana currently has a consensus rating of “Moderate Buy” and an average target price of $468.59.

Carvana Profile

Carvana Co is an online-only retailer of used vehicles that operates a consumer-facing e-commerce platform for buying and selling cars. The company markets and sells inspected, reconditioned pre-owned vehicles through its website, where shoppers can browse inventory, view detailed 360-degree photos and vehicle history reports, finance purchases, and arrange delivery or pickup. Carvana’s model is built around a digital end-to-end car buying experience that aims to simplify vehicle transactions compared with traditional dealerships.

Its products and services include direct retail sales of used cars, trade-in and purchase offers for consumer vehicles, vehicle financing and related protection products, and a seven-day return policy that allows customers to test a vehicle in everyday use.