Carvana Co. (NYSE:CVNA) Shares Acquired by Integrated Advisors Network LLC

Integrated Advisors Network LLC lifted its stake in shares of Carvana Co. (NYSE:CVNA) by 89.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,004 shares of the company’s stock after acquiring an additional 24,996 shares during the period. Integrated Advisors Network LLC’s holdings in Carvana were worth $9,229,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Ridgewood Investments LLC acquired a new stake in Carvana during the 2nd quarter valued at $32,000. Sugarloaf Wealth Management LLC acquired a new position in shares of Carvana during the third quarter valued at approximately $32,000. Summit Securities Group LLC boosted its position in shares of Carvana by 110.0% during the 2nd quarter. Summit Securities Group LLC now owns 300 shares of the company’s stock valued at $39,000 after purchasing an additional 3,300 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of Carvana by 450.8% in the 2nd quarter. Fifth Third Bancorp now owns 336 shares of the company’s stock worth $43,000 after acquiring an additional 275 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Carvana during the second quarter valued at approximately $51,000. Hedge funds and other institutional investors own 56.71% of the company’s stock.

Carvana Stock Performance

Shares of CVNA stock opened at $204.87 on Tuesday. The company has a market capitalization of $41.50 billion, a price-to-earnings ratio of 90.01 and a beta of 3.44. The company has a 50-day simple moving average of $168.96 and a 200 day simple moving average of $134.44. The company has a debt-to-equity ratio of 47.20, a quick ratio of 2.02 and a current ratio of 3.11. Carvana Co. has a 52 week low of $25.09 and a 52 week high of $208.30.

Carvana (NYSE:CVNA) last released its earnings results on Wednesday, July 31st. The company reported $0.14 earnings per share for the quarter. The company had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.23 billion. On average, sell-side analysts predict that Carvana Co. will post 0.29 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on CVNA. Stephens assumed coverage on shares of Carvana in a research report on Thursday, September 12th. They issued an “overweight” rating and a $190.00 target price for the company. Morgan Stanley lifted their price objective on Carvana from $75.00 to $110.00 and gave the stock an “underweight” rating in a report on Thursday, August 1st. Royal Bank of Canada raised Carvana to a “sector perform” rating and lifted their price objective for the company from $166.00 to $170.00 in a report on Monday, August 19th. Jefferies Financial Group raised their price objective on shares of Carvana from $150.00 to $185.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Finally, Evercore ISI lifted their target price on shares of Carvana from $178.00 to $182.00 and gave the stock an “in-line” rating in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $182.29.

Insider Buying and Selling at Carvana

In other Carvana news, major shareholder Ernest C. Garcia II sold 75,000 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $133.41, for a total value of $10,005,750.00. Following the sale, the insider now owns 1,565,814 shares in the company, valued at approximately $208,895,245.74. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Carvana news, major shareholder Ernest C. Garcia II sold 100,000 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $148.68, for a total transaction of $14,868,000.00. Following the transaction, the insider now owns 690,814 shares in the company, valued at approximately $102,710,225.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Ernest C. Garcia II sold 75,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $133.41, for a total value of $10,005,750.00. Following the completion of the transaction, the insider now owns 1,565,814 shares in the company, valued at $208,895,245.74. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,880,891 shares of company stock worth $479,638,935 over the last quarter. Corporate insiders own 17.12% of the company’s stock.

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.