United Capital Financial Advisors LLC Acquires 10,420 Shares of Carvana Co. $CVNA

United Capital Financial Advisors LLC grew its holdings in Carvana Co. (NYSE:CVNA) by 291.3% during the second quarter, HoldingsChannel.com reports. The firm owned 13,997 shares of the company’s stock after acquiring an additional 10,420 shares during the quarter. United Capital Financial Advisors LLC’s holdings in Carvana were worth $921,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Farmers & Merchants Investments Inc. purchased a new stake in shares of Carvana during the fourth quarter valued at $29,000. Motiv8 Investments LLC bought a new stake in Carvana during the 4th quarter valued at about $33,000. Ascentis Independent Advisors purchased a new stake in Carvana in the 1st quarter valued at about $26,000. Annis Gardner Whiting Capital Advisors LLC boosted its position in Carvana by 152.6% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 96 shares of the company’s stock valued at $30,000 after buying an additional 58 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in Carvana in the 2nd quarter worth about $38,000. 56.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CVNA shares. Royal Bank Of Canada set a $82.00 target price on shares of Carvana and gave the stock an “outperform” rating in a research report on Thursday, July 30th. Morgan Stanley set a $90.00 price objective on Carvana and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Hovde Group raised their price objective on Carvana from $39.50 to $48.00 and gave the stock a “market perform” rating in a report on Tuesday, August 4th. BNP Paribas Exane decreased their target price on Carvana from $86.00 to $69.00 and set a “hold” rating for the company in a research report on Thursday, July 30th. Finally, Argus lowered their target price on Carvana from $500.00 to $100.00 in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.14.

Insider Buying and Selling at Carvana

In other news, COO Benjamin E. Huston sold 50,000 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $64.50, for a total value of $3,225,000.00. Following the completion of the transaction, the chief operating officer directly owned 535,709 shares of the company’s stock, valued at approximately $34,553,230.50. The trade was a 8.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director J Danforth Quayle sold 14,525 shares of the company’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $75.00, for a total value of $1,089,375.00. Following the sale, the director owned 214,960 shares of the company’s stock, valued at $16,122,000. This trade represents a 6.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 302,147 shares of company stock worth $20,418,064. 15.19% of the stock is currently owned by company insiders.

Carvana Price Performance

Shares of CVNA opened at $74.24 on Monday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.33 and a current ratio of 3.93. The company has a 50 day moving average price of $68.10 and a 200-day moving average price of $68.34. Carvana Co. has a fifty-two week low of $54.46 and a fifty-two week high of $97.38. The stock has a market capitalization of $81.70 billion, a PE ratio of 41.06, a PEG ratio of 2.69 and a beta of 3.46.

Carvana (NYSE:CVNA) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.03. The company had revenue of $7.38 billion for the quarter, compared to analyst estimates of $6.90 billion. Carvana had a net margin of 6.26% and a return on equity of 37.06%. Carvana’s revenue was up 52.4% compared to the same quarter last year. During the same period last year, the company posted $1.51 earnings per share. Equities analysts predict that Carvana Co. will post 1.68 earnings per share for the current fiscal year.

Carvana Company 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.