Clay Northam Wealth Management LLC acquired a new stake in Carvana Co. (NYSE:CVNA – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,750 shares of the company’s stock, valued at approximately $225,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in CVNA. GAMMA Investing LLC grew its holdings in Carvana by 127.9% during the second quarter. GAMMA Investing LLC now owns 458 shares of the company’s stock worth $59,000 after acquiring an additional 257 shares during the period. Hilltop National Bank purchased a new position in shares of Carvana during the 2nd quarter valued at approximately $68,000. Plato Investment Management Ltd acquired a new position in shares of Carvana in the 1st quarter valued at $55,000. J.Safra Asset Management Corp boosted its holdings in Carvana by 570.6% during the second quarter. J.Safra Asset Management Corp now owns 684 shares of the company’s stock worth $88,000 after buying an additional 582 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in Carvana by 39.0% during the fourth quarter. Parallel Advisors LLC now owns 692 shares of the company’s stock valued at $37,000 after buying an additional 194 shares during the period. Institutional investors and hedge funds own 56.71% of the company’s stock.
Carvana Price Performance
CVNA traded up $4.37 during trading on Friday, reaching $155.93. The company’s stock had a trading volume of 3,717,654 shares, compared to its average volume of 5,431,026. The company has a market cap of $31.59 billion, a price-to-earnings ratio of 68.39 and a beta of 3.37. The firm has a fifty day simple moving average of $127.89 and a two-hundred day simple moving average of $99.66. Carvana Co. has a 1 year low of $25.09 and a 1 year high of $156.18. The company has a quick ratio of 1.62, a current ratio of 3.11 and a debt-to-equity ratio of 47.20.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on Carvana
Insider Activity at Carvana
In other Carvana news, insider Thomas Taira sold 68,556 shares of the business’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $102.74, for a total transaction of $7,043,443.44. Following the transaction, the insider now owns 186,397 shares of the company’s stock, valued at $19,150,427.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Thomas Taira sold 68,556 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $102.74, for a total transaction of $7,043,443.44. Following the completion of the sale, the insider now directly owns 186,397 shares in the company, valued at $19,150,427.78. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Ernest C. Garcia II sold 60,000 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $118.20, for a total transaction of $7,092,000.00. Following the completion of the transaction, the insider now owns 2,317,500 shares in the company, valued at $273,928,500. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,416,236 shares of company stock valued at $297,840,285. 17.12% of the stock is currently owned by insiders.
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.
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