United Capital Financial Advisors LLC Grows Holdings in Carvana Co. $CVNA

United Capital Financial Advisors LLC increased its stake in Carvana Co. (NYSE:CVNA) by 291.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,997 shares of the company’s stock after acquiring an additional 10,420 shares during the period. United Capital Financial Advisors LLC’s holdings in Carvana were worth $921,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Royal Bank of Canada boosted its position in Carvana by 40.8% during the first quarter. Royal Bank of Canada now owns 29,867 shares of the company’s stock valued at $6,243,000 after buying an additional 8,654 shares during the period. Geneos Wealth Management Inc. grew its position in shares of Carvana by 251.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 253 shares of the company’s stock worth $53,000 after buying an additional 181 shares during the last quarter. Cerity Partners LLC grew its position in shares of Carvana by 28.8% in the 2nd quarter. Cerity Partners LLC now owns 5,481 shares of the company’s stock worth $1,847,000 after buying an additional 1,226 shares during the last quarter. AXA S.A. increased its stake in shares of Carvana by 340.7% during the second quarter. AXA S.A. now owns 4,253 shares of the company’s stock valued at $1,433,000 after buying an additional 3,288 shares during the period. Finally, NewEdge Advisors LLC increased its stake in shares of Carvana by 9.1% during the second quarter. NewEdge Advisors LLC now owns 9,893 shares of the company’s stock valued at $3,334,000 after buying an additional 825 shares during the period. 56.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Michael E. Maroone bought 25,000 shares of Carvana stock in a transaction dated Friday, July 31st. The shares were purchased at an average cost of $61.80 per share, with a total value of $1,545,000.00. Following the completion of the acquisition, the director owned 168,573 shares of the company’s stock, valued at $10,417,811.40. This trade represents a 17.41% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ira J. Platt sold 15,000 shares of Carvana stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $75.50, for a total value of $1,132,500.00. Following the completion of the sale, the director directly owned 186,470 shares in the company, valued at approximately $14,078,485. The trade was a 7.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 302,147 shares of company stock valued at $20,418,064. 15.19% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $80.00 price target on shares of Carvana in a research note on Friday, July 31st. DA Davidson set a $67.00 price target on shares of Carvana in a research note on Thursday, July 30th. Argus lowered their price objective on Carvana from $500.00 to $100.00 in a research report on Monday, May 11th. BNP Paribas Exane reduced their price target on shares of Carvana from $86.00 to $69.00 and set a “hold” rating for the company in a research note on Thursday, July 30th. Finally, UBS Group reissued a “buy” rating and set a $83.00 price objective on shares of Carvana in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Carvana has an average rating of “Moderate Buy” and a consensus price target of $84.14.

Carvana Price Performance

NYSE CVNA opened at $74.24 on Monday. The company has a current ratio of 3.93, a quick ratio of 2.33 and a debt-to-equity ratio of 0.94. Carvana Co. has a 12 month low of $54.46 and a 12 month high of $97.38. The company’s 50 day moving average is $68.10 and its two-hundred day moving average is $68.34. The stock has a market cap of $81.70 billion, a price-to-earnings ratio of 41.06, a PEG ratio of 2.69 and a beta of 3.46.

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