Brucke Financial Inc. Has $540,000 Stake in Carvana Co. $CVNA

Brucke Financial Inc. trimmed its holdings in Carvana Co. (NYSE:CVNA) by 5.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,603 shares of the company’s stock after selling 84 shares during the period. Brucke Financial Inc.’s holdings in Carvana were worth $540,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. J.Safra Asset Management Corp lifted its position in shares of Carvana by 140.8% in the first quarter. J.Safra Asset Management Corp now owns 3,390 shares of the company’s stock valued at $709,000 after buying an additional 1,982 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Carvana by 333.1% in the first quarter. Farther Finance Advisors LLC now owns 3,482 shares of the company’s stock valued at $740,000 after buying an additional 2,678 shares during the last quarter. Berkshire Capital Holdings Inc. lifted its position in shares of Carvana by 632,200.0% in the first quarter. Berkshire Capital Holdings Inc. now owns 63,230 shares of the company’s stock valued at $13,220,000 after buying an additional 63,220 shares during the last quarter. Praxis Investment Management Inc. lifted its position in shares of Carvana by 56.0% in the first quarter. Praxis Investment Management Inc. now owns 4,400 shares of the company’s stock valued at $920,000 after buying an additional 1,580 shares during the last quarter. Finally, Hexagon Capital Partners LLC lifted its position in shares of Carvana by 1,791.2% in the first quarter. Hexagon Capital Partners LLC now owns 2,591 shares of the company’s stock valued at $542,000 after buying an additional 2,454 shares during the last quarter. 56.71% of the stock is owned by institutional investors and hedge funds.

Carvana Price Performance

Carvana stock opened at $330.58 on Friday. The stock’s fifty day moving average price is $365.17 and its two-hundred day moving average price is $314.56. Carvana Co. has a one year low of $148.25 and a one year 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 cap of $71.14 billion, a PE ratio of 82.85, a price-to-earnings-growth ratio of 1.18 and a beta of 3.55.

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

Insider Transactions at Carvana

In other news, major shareholder Ernest C. Garcia II sold 100,000 shares of the business’s stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $352.40, for a total transaction of $35,240,000.00. Following the completion of the transaction, the insider owned 35,892,792 shares of the company’s stock, valued at approximately $12,648,619,900.80. The trade was a 0.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Ernest C. Garcia II sold 93,376 shares of the business’s stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $394.16, for a total value of $36,805,084.16. Following the transaction, the insider directly owned 6,624 shares of the company’s stock, valued at $2,610,915.84. This trade represents a 93.38% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,996,820 shares of company stock valued at $719,703,146. Corporate insiders own 17.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Bank of America raised their price objective on Carvana from $375.00 to $425.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Piper Sandler lifted their price target on Carvana from $340.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Stephens reissued an “overweight” rating and set a $440.00 price target on shares of Carvana in a report on Tuesday, September 23rd. JMP Securities lifted their price target on Carvana from $440.00 to $460.00 and gave the stock a “market outperform” rating in a report on Thursday, July 31st. Finally, Evercore ISI lifted their price target on Carvana from $365.00 to $370.00 and gave the stock an “in-line” rating in a report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $407.44.

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.