B. Metzler seel. Sohn & Co. AG Invests $897,000 in Carvana Co. (NYSE:CVNA)

B. Metzler seel. Sohn & Co. AG bought a new position in shares of Carvana Co. (NYSE:CVNA) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 4,411 shares of the company’s stock, valued at approximately $897,000.

Several other hedge funds have also added to or reduced their stakes in CVNA. Cerity Partners LLC increased its position in Carvana by 112.8% during the 3rd quarter. Cerity Partners LLC now owns 4,215 shares of the company’s stock worth $734,000 after buying an additional 2,234 shares during the period. Townsquare Capital LLC acquired a new position in shares of Carvana in the third quarter valued at about $282,000. Rockefeller Capital Management L.P. bought a new position in Carvana during the third quarter worth about $1,772,000. Captrust Financial Advisors acquired a new stake in Carvana in the 3rd quarter worth about $270,000. Finally, Centiva Capital LP bought a new stake in Carvana in the 3rd quarter valued at about $555,000. 56.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Piper Sandler raised shares of Carvana from a “neutral” rating to an “overweight” rating in a report on Monday. Wedbush set a $250.00 price objective on Carvana and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. cut their target price on Carvana from $365.00 to $325.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. Morgan Stanley upgraded Carvana from an “underweight” rating to an “overweight” rating in a research report on Monday. Finally, Bank of America dropped their price target on Carvana from $270.00 to $220.00 and set a “buy” rating for the company in a research note on Friday, March 14th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $261.53.

Carvana Stock Performance

NYSE CVNA opened at $182.10 on Friday. Carvana Co. has a fifty-two week low of $67.61 and a fifty-two week high of $292.84. The stock has a market cap of $38.82 billion, a PE ratio of 115.99 and a beta of 3.61. The company has a debt-to-equity ratio of 3.82, a quick ratio of 2.12 and a current ratio of 3.64. The firm’s fifty day moving average price is $225.04 and its two-hundred day moving average price is $218.85.

Carvana (NYSE:CVNA) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.27. Carvana had a return on equity of 36.59% and a net margin of 1.54%. The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.32 billion. On average, equities analysts expect that Carvana Co. will post 2.85 EPS for the current fiscal year.

Insider Activity at Carvana

In related news, COO Benjamin E. Huston sold 50,000 shares of the stock in a transaction on Monday, March 31st. The stock was sold at an average price of $207.32, for a total value of $10,366,000.00. Following the completion of the sale, the chief operating officer now directly owns 128,116 shares in the company, valued at $26,561,009.12. This represents a 28.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Mark W. Jenkins sold 10,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $250.12, for a total value of $2,501,200.00. Following the transaction, the chief financial officer now directly owns 219,962 shares of the company’s stock, valued at approximately $55,016,895.44. This represents a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 280,810 shares of company stock worth $61,698,820 in the last quarter. 17.12% of the stock is owned by insiders.

Carvana Company 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.