J.Safra Asset Management Corp Purchases 1,260 Shares of Carvana Co. $CVNA

J.Safra Asset Management Corp lifted its position in shares of Carvana Co. (NYSE:CVNA) by 46.2% in the third quarter, HoldingsChannel.com reports. The fund owned 3,987 shares of the company’s stock after buying an additional 1,260 shares during the period. J.Safra Asset Management Corp’s holdings in Carvana were worth $1,504,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in CVNA. Hilltop National Bank bought a new stake in Carvana during the second quarter worth $25,000. ORG Partners LLC raised its holdings in shares of 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 buying an additional 87 shares in the last quarter. SJS Investment Consulting Inc. lifted its position in shares of Carvana by 960.0% during the 2nd quarter. SJS Investment Consulting Inc. now owns 106 shares of the company’s stock worth $36,000 after buying an additional 96 shares during the last quarter. Steigerwald Gordon & Koch Inc. acquired a new stake in Carvana in the third quarter valued at about $38,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in Carvana in the second quarter valued at about $38,000. 56.71% of the stock is owned by institutional investors.

Carvana Trading Down 3.8%

Shares of CVNA stock opened at $443.34 on Friday. The stock has a 50-day moving average of $406.54 and a 200-day moving average of $372.21. The company has a current ratio of 4.05, a quick ratio of 2.55 and a debt-to-equity ratio of 1.63. The stock has a market cap of $96.45 billion, a price-to-earnings ratio of 101.22, a PEG ratio of 1.06 and a beta of 3.54. Carvana Co. has a 1-year low of $148.25 and a 1-year high of $485.33.

Carvana (NYSE:CVNA) last announced its earnings results on Wednesday, October 29th. The company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.26). Carvana had a net margin of 3.44% and a return on equity of 30.62%. The company had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.04 billion. During the same quarter in the previous year, the company earned $0.64 earnings per share. The business’s revenue was up 54.5% on a year-over-year basis. On average, equities research analysts forecast that Carvana Co. will post 2.85 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CVNA shares. DA Davidson set a $360.00 target price on shares of Carvana in a report on Thursday, October 30th. Royal Bank Of Canada reissued an “outperform” rating and issued a $460.00 price objective on shares of Carvana in a research note on Thursday, October 30th. Needham & Company LLC reaffirmed a “buy” rating and set a $500.00 target price on shares of Carvana in a research note on Monday, November 17th. Citigroup increased their price target on Carvana from $445.00 to $550.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Carvana in a report on Thursday, January 8th. 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.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $465.64.

Insiders Place Their Bets

In other Carvana news, COO Benjamin E. Huston sold 40,000 shares of the business’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 $17,580,000.00. Following the transaction, the chief operating officer directly owned 100,758 shares of the company’s stock, valued at approximately $44,283,141. The trade was a 28.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael E. Maroone sold 30,928 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $400.34, for a total value of $12,381,715.52. Following the transaction, the director owned 143,573 shares in the company, valued at $57,478,014.82. The trade was a 17.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 467,626 shares of company stock valued at $192,090,109 over the last quarter. Company insiders own 17.12% of the company’s stock.

Carvana Company 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.