Edmond DE Rothschild Holding S.A. boosted its position in shares of Carvana Co. (NYSE:CVNA) by 29.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,636 shares of the company’s stock after buying an additional 1,518 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Carvana were worth $2,003,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CVNA. KB Financial Partners LLC acquired a new position in shares of Carvana in the first quarter worth about $29,000. Altshuler Shaham Ltd acquired a new position in Carvana in the 1st quarter worth about $31,000. Certified Advisory Corp purchased a new position in Carvana during the first quarter worth approximately $33,000. NEXT Financial Group Inc grew its holdings in Carvana by 6,533.3% in the second quarter. NEXT Financial Group Inc now owns 199 shares of the company’s stock valued at $60,000 after purchasing an additional 196 shares during the period. Finally, Cullen Frost Bankers Inc. purchased a new stake in shares of Carvana in the second quarter valued at approximately $60,000. 54.18% of the stock is owned by institutional investors.
Carvana stock opened at $321.06 on Thursday. The company has a market capitalization of $55.41 billion, a PE ratio of -274.41 and a beta of 2.38. The company has a debt-to-equity ratio of 3.02, a quick ratio of 0.95 and a current ratio of 2.43. Carvana Co. has a fifty-two week low of $179.24 and a fifty-two week high of $376.83. The firm has a 50 day moving average price of $337.51 and a 200 day moving average price of $297.27.
In other Carvana news, major shareholder Ernest C. Garcia II sold 60,000 shares of the stock in a transaction that occurred on Friday, June 25th. The shares were sold at an average price of $301.43, for a total transaction of $18,085,800.00. Following the sale, the insider now directly owns 9,045 shares in the company, valued at approximately $2,726,434.35. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Paul W. Breaux sold 5,000 shares of the business’s stock in a transaction on Tuesday, August 10th. The stock was sold at an average price of $374.00, for a total transaction of $1,870,000.00. Following the completion of the transaction, the insider now owns 33,417 shares of the company’s stock, valued at approximately $12,497,958. The disclosure for this sale can be found here. Insiders have sold a total of 1,150,434 shares of company stock valued at $380,850,874 over the last 90 days. 10.70% of the stock is currently owned by company insiders.
A number of research firms recently issued reports on CVNA. Needham & Company LLC lifted their price target on shares of Carvana from $400.00 to $421.00 and gave the company a “buy” rating in a research note on Tuesday, September 7th. JMP Securities increased their price objective on shares of Carvana from $326.00 to $470.00 and gave the company a “market outperform” rating in a report on Monday, August 9th. Robert W. Baird boosted their target price on shares of Carvana from $335.00 to $400.00 and gave the stock an “outperform” rating in a research note on Friday, August 6th. KeyCorp upped their price target on shares of Carvana from $360.00 to $410.00 and gave the stock an “overweight” rating in a research report on Friday, August 6th. Finally, Cowen lifted their price objective on Carvana from $336.00 to $366.00 and gave the stock an “outperform” rating in a report on Thursday, August 5th. Seven equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $343.08.
Carvana Co is a holding company and an eCommerce platform, which engages in the buying of used cars and provision of different and convenient car buying experience. It operates through the following segments: Vehicle Sales; Wholesale Vehicle Sales; and Other Sales and Revenue. The Vehicle Sales segment consists of used vehicle to customers through website.
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