28,818 Shares in Carvana Co. $CVNA Acquired by Hrtg GPE LLC

Hrtg GPE LLC purchased a new position in shares of Carvana Co. (NYSE:CVNA) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 28,818 shares of the company’s stock, valued at approximately $12,162,000. Carvana comprises about 1.5% of Hrtg GPE LLC’s holdings, making the stock its 5th biggest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of CVNA. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Carvana during the 4th quarter valued at $29,000. Farmers & Merchants Investments Inc. bought a new stake in Carvana during the 4th quarter valued at $29,000. Salomon & Ludwin LLC raised its position in Carvana by 112.5% during the 4th quarter. Salomon & Ludwin LLC now owns 85 shares of the company’s stock valued at $37,000 after purchasing an additional 45 shares in the last quarter. Washington Trust Advisors Inc. bought a new stake in Carvana during the 3rd quarter valued at $38,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in Carvana during the 2nd quarter valued at $38,000. 56.71% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CFO Mark W. Jenkins sold 63,750 shares of Carvana stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $62.07, for a total value of $3,956,962.50. Following the transaction, the chief financial officer directly owned 985,445 shares in the company, valued at approximately $61,166,571.15. This trade represents a 6.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director J Danforth Quayle sold 14,525 shares of Carvana stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $70.00, for a total value of $1,016,750.00. Following the completion of the transaction, the director owned 214,960 shares in the company, valued at $15,047,200. This represents a 6.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 400,812 shares of company stock valued at $28,039,446. 15.19% of the stock is owned by insiders.

Carvana Trading Down 5.5%

Shares of NYSE:CVNA opened at $64.09 on Friday. Carvana Co. has a 12-month low of $54.46 and a 12-month high of $97.38. The business’s fifty day simple moving average is $71.20 and its 200-day simple moving average is $75.23. The company has a market capitalization of $70.30 billion, a PE ratio of 38.98, a P/E/G ratio of 10.82 and a beta of 3.45. The company has a current ratio of 4.09, a quick ratio of 2.57 and a debt-to-equity ratio of 1.05.

Carvana (NYSE:CVNA) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $1.37. Carvana had a return on equity of 41.46% and a net margin of 6.40%.The business had revenue of $6.43 billion for the quarter, compared to the consensus estimate of $6.12 billion. As a group, equities research analysts predict that Carvana Co. will post 1.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on CVNA. DA Davidson lifted their target price on Carvana from $64.00 to $67.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Jefferies Financial Group decreased their target price on Carvana from $97.00 to $95.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Weiss Ratings lowered Carvana from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, March 24th. BNP Paribas Exane lifted their target price on Carvana from $77.60 to $85.80 in a research report on Thursday, April 30th. Finally, JPMorgan Chase & Co. lifted their target price on Carvana from $91.00 to $93.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $93.14.

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.