600 Shares in Carvana Co. $CVNA Purchased by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG purchased a new position in Carvana Co. (NYSE:CVNA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 600 shares of the company’s stock, valued at approximately $202,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. ASR Vermogensbeheer N.V. boosted its position in shares of Carvana by 37.0% in the second quarter. ASR Vermogensbeheer N.V. now owns 10,546 shares of the company’s stock worth $3,554,000 after acquiring an additional 2,848 shares during the last quarter. EWA LLC purchased a new position in Carvana during the second quarter worth approximately $301,000. Warren Street Wealth Advisors LLC raised its stake in Carvana by 2.8% during the second quarter. Warren Street Wealth Advisors LLC now owns 1,153 shares of the company’s stock worth $388,000 after purchasing an additional 31 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Carvana by 12.8% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 12,860 shares of the company’s stock valued at $4,333,000 after purchasing an additional 1,455 shares during the last quarter. Finally, USA Financial Formulas purchased a new stake in shares of Carvana during the 2nd quarter valued at $248,000. Institutional investors and hedge funds own 56.71% of the company’s stock.

Carvana Stock Performance

Shares of CVNA stock opened at $376.56 on Monday. Carvana Co. has a 12 month low of $148.25 and a 12 month high of $413.33. The company has a debt-to-equity ratio of 2.51, a current ratio of 4.00 and a quick ratio of 2.58. The firm has a market capitalization of $81.04 billion, a P/E ratio of 94.38, a P/E/G ratio of 1.23 and a beta of 3.55. The company’s fifty day moving average price is $364.64 and its two-hundred day moving average price is $310.81.

Carvana (NYSE:CVNA) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.28 earnings per share 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 during the quarter, compared to analyst estimates of $4.54 billion. During the same quarter last year, the firm earned ($0.05) EPS. Carvana’s quarterly revenue was up 41.9% on a year-over-year basis. On average, research analysts anticipate that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

Insider Buying and Selling at Carvana

In other news, major shareholder Ernest C. Garcia II sold 93,376 shares of the company’s stock in a transaction dated 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 sale, the insider owned 6,624 shares in the company, valued at approximately $2,610,915.84. This represents a 93.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Ernest C. Garcia II sold 100,000 shares of the stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $353.76, for a total value of $35,376,000.00. Following the transaction, the insider directly owned 36,437,346 shares in the company, valued at approximately $12,890,075,520.96. This represents a 0.27% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,289,966 shares of company stock valued at $821,763,103. 16.36% of the stock is owned by company insiders.

Analysts Set New Price Targets

CVNA has been the topic of several research reports. Gordon Haskett initiated coverage on Carvana in a research report on Monday, July 14th. They issued a “hold” rating and a $329.00 target price on the stock. JMP Securities raised their price objective on Carvana from $440.00 to $460.00 and gave the stock a “market outperform” rating in a report on Thursday, July 31st. Evercore ISI boosted their target price on Carvana from $365.00 to $370.00 and gave the stock an “in-line” rating in a report on Tuesday, August 12th. Wall Street Zen lowered shares of Carvana from a “buy” rating to a “hold” rating in a report on Friday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carvana in a research report on Saturday, September 27th. Thirteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $404.94.

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.