AG2R LA Mondiale Gestion D Actifs Sells 2,050 Shares of Carvana Co. $CVNA

AG2R LA Mondiale Gestion D Actifs cut its position in shares of Carvana Co. (NYSE:CVNA) by 29.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 4,876 shares of the company’s stock after selling 2,050 shares during the period. AG2R LA Mondiale Gestion D Actifs’ holdings in Carvana were worth $1,643,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. J.Safra Asset Management Corp increased its position in shares of Carvana by 140.8% during the 1st quarter. J.Safra Asset Management Corp now owns 3,390 shares of the company’s stock valued at $709,000 after purchasing an additional 1,982 shares during the last quarter. Berkshire Capital Holdings Inc. boosted its holdings in Carvana by 632,200.0% during the 1st quarter. Berkshire Capital Holdings Inc. now owns 63,230 shares of the company’s stock valued at $13,220,000 after acquiring an additional 63,220 shares during the period. Hexagon Capital Partners LLC boosted its holdings in Carvana by 1,791.2% during the 1st quarter. Hexagon Capital Partners LLC now owns 2,591 shares of the company’s stock valued at $542,000 after acquiring an additional 2,454 shares during the period. Stratos Wealth Partners LTD. purchased a new stake in Carvana during the 1st quarter valued at about $359,000. Finally, Janney Montgomery Scott LLC purchased a new stake in Carvana during the 1st quarter valued at about $204,000. 56.71% of the stock is currently owned by institutional investors.

Insider Transactions at Carvana

In other news, insider Daniel J. Gill sold 80,000 shares of the stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $398.91, for a total value of $31,912,800.00. Following the completion of the transaction, the insider owned 197,832 shares of the company’s stock, valued at approximately $78,917,163.12. This represents a 28.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Ernest C. Garcia II sold 100,000 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $371.30, for a total value of $37,130,000.00. Following the completion of the transaction, the insider directly owned 35,142,792 shares of the company’s stock, valued at $13,048,518,669.60. This represents a 0.28% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,498,292 shares of company stock valued at $547,914,707. Corporate insiders own 17.12% of the company’s stock.

Carvana Trading Up 2.7%

NYSE CVNA opened at $351.33 on Friday. Carvana Co. has a fifty-two week low of $148.25 and a fifty-two week high of $413.33. The company has a debt-to-equity ratio of 2.51, a quick ratio of 2.58 and a current ratio of 4.00. The stock has a 50 day simple moving average of $363.68 and a two-hundred day simple moving average of $325.82. The stock has a market cap of $75.61 billion, a P/E ratio of 88.05, a price-to-earnings-growth ratio of 1.12 and a beta of 3.55.

Carvana (NYSE:CVNA) last announced its earnings results on Wednesday, July 30th. The company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.19. Carvana had a return on equity of 40.57% and a net margin of 3.46%.The firm had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.54 billion. During the same quarter in the prior year, the company earned ($0.05) EPS. The business’s revenue was up 41.9% compared to the same quarter last year. On average, analysts forecast that Carvana Co. will post 2.85 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. BTIG Research restated a “buy” rating and set a $450.00 target price on shares of Carvana in a report on Friday, October 17th. Oppenheimer upgraded Carvana from a “market perform” rating to an “outperform” rating and set a $450.00 target price for the company in a report on Friday, July 25th. JMP Securities increased their target price on Carvana from $440.00 to $460.00 and gave the company a “market outperform” rating in a report on Thursday, July 31st. Jefferies Financial Group set a $475.00 target price on Carvana and gave the company a “buy” rating in a report on Wednesday, October 1st. Finally, Gordon Haskett assumed coverage on Carvana in a report on Monday, July 14th. They set a “hold” rating and a $329.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $419.94.

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.