Universal Beteiligungs und Servicegesellschaft mbH Has $57.98 Million Holdings in Carvana Co. $CVNA

Universal Beteiligungs und Servicegesellschaft mbH cut its holdings in shares of Carvana Co. (NYSE:CVNA) by 1.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 153,687 shares of the company’s stock after selling 2,734 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.07% of Carvana worth $57,977,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Hilltop National Bank bought a new position in shares of Carvana during the 2nd quarter valued at about $25,000. ORG Partners LLC increased its stake in Carvana by 8,700.0% during the 3rd quarter. ORG Partners LLC now owns 88 shares of the company’s stock worth $33,000 after purchasing an additional 87 shares in the last quarter. Steigerwald Gordon & Koch Inc. bought a new stake in Carvana during the 3rd quarter worth approximately $38,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in Carvana during the 2nd quarter worth approximately $38,000. Finally, LRI Investments LLC acquired a new stake in Carvana during the 2nd quarter worth approximately $42,000. 56.71% of the stock is currently owned by institutional investors.

Insider Activity

In other Carvana news, insider Ryan S. Keeton sold 32,370 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $301.68, for a total value of $9,765,381.60. Following the completion of the transaction, the insider directly owned 115,456 shares in the company, valued at $34,830,766.08. This trade represents a 21.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Daniel J. Gill sold 80,000 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $439.50, for a total value of $35,160,000.00. Following the sale, the insider owned 191,106 shares in the company, valued at approximately $83,991,087. This represents a 29.51% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 467,626 shares of company stock valued at $192,090,109. Corporate insiders own 17.12% of the company’s stock.

Analyst Upgrades and Downgrades

CVNA has been the subject of several research analyst reports. DA Davidson set a $360.00 price target on shares of Carvana in a report on Thursday, October 30th. Needham & Company LLC reaffirmed a “buy” rating and issued a $500.00 price objective on shares of Carvana in a research report on Monday, November 17th. Bank of America increased their target price on Carvana from $455.00 to $515.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Royal Bank Of Canada reissued an “outperform” rating and issued a $460.00 price target on shares of Carvana in a research note on Thursday, October 30th. Finally, Stephens boosted their price target on Carvana from $454.00 to $519.00 and gave the company an “overweight” rating in a report on Friday, January 9th. Nineteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $468.59.

Carvana Stock Up 2.9%

Carvana stock opened at $455.07 on Thursday. The company has a current ratio of 4.05, a quick ratio of 2.55 and a debt-to-equity ratio of 1.63. Carvana Co. has a 1-year low of $148.25 and a 1-year high of $485.33. The company has a fifty day simple moving average of $413.80 and a 200 day simple moving average of $374.31. The company has a market cap of $99.00 billion, a P/E ratio of 103.90, a price-to-earnings-growth ratio of 1.06 and a beta of 3.54.

Carvana (NYSE:CVNA) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.26). The business had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.04 billion. Carvana had a return on equity of 30.62% and a net margin of 3.44%.The company’s quarterly revenue was up 54.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.64 earnings per share. Research analysts anticipate that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

Carvana 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.