TD Asset Management Inc Purchases 6,643 Shares of Carvana Co. $CVNA

TD Asset Management Inc raised its position in Carvana Co. (NYSE:CVNA) by 5.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 133,811 shares of the company’s stock after purchasing an additional 6,643 shares during the period. TD Asset Management Inc owned 0.06% of Carvana worth $50,479,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. SJS Investment Consulting Inc. raised its position in shares of Carvana by 28.3% in the third quarter. SJS Investment Consulting Inc. now owns 136 shares of the company’s stock worth $51,000 after buying an additional 30 shares in the last quarter. MAI Capital Management increased its stake in Carvana by 1.8% in the 2nd quarter. MAI Capital Management now owns 1,757 shares of the company’s stock worth $592,000 after acquiring an additional 31 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Carvana by 23.1% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 165 shares of the company’s stock valued at $62,000 after acquiring an additional 31 shares in the last quarter. Gilder Gagnon Howe & Co. LLC raised its holdings in shares of Carvana by 1.7% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 1,846 shares of the company’s stock valued at $622,000 after acquiring an additional 31 shares in the last quarter. Finally, WPG Advisers LLC boosted its position in shares of Carvana by 17.2% during the 3rd quarter. WPG Advisers LLC now owns 218 shares of the company’s stock valued at $82,000 after acquiring an additional 32 shares during the last quarter. Institutional investors own 56.71% of the company’s stock.

Carvana Price Performance

Shares of NYSE:CVNA opened at $354.03 on Friday. The company has a quick ratio of 2.73, a current ratio of 4.31 and a debt-to-equity ratio of 1.15. The stock has a market cap of $77.02 billion, a PE ratio of 44.03 and a beta of 3.57. The company’s fifty day moving average is $413.48 and its 200 day moving average is $381.08. Carvana Co. has a 52 week low of $148.25 and a 52 week high of $486.89.

Carvana (NYSE:CVNA) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $4.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $3.12. The business had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.24 billion. Carvana had a net margin of 6.92% and a return on equity of 50.96%. The company’s revenue was up 58.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.56 earnings per share. Research analysts anticipate that Carvana Co. will post 2.85 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on CVNA. Argus began coverage on shares of Carvana in a research report on Monday, December 15th. They set a “buy” rating and a $500.00 target price for the company. DA Davidson dropped their price objective on shares of Carvana from $470.00 to $320.00 and set a “neutral” rating for the company in a report on Thursday, February 19th. Zacks Research lowered shares of Carvana from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Needham & Company LLC restated a “buy” rating and set a $500.00 price target on shares of Carvana in a research report on Thursday, February 19th. Finally, Weiss Ratings raised Carvana from a “hold (c)” rating to a “buy (b-)” rating in a research note on Thursday, February 19th. Twenty equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Carvana presently has a consensus rating of “Moderate Buy” and a consensus target price of $440.59.

Insider Buying and Selling at Carvana

In related news, insider Paul W. Breaux sold 20,000 shares of the company’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $438.50, for a total transaction of $8,770,000.00. Following the completion of the sale, the insider directly owned 69,289 shares in the company, valued at $30,383,226.50. This represents a 22.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Thomas Taira sold 30,952 shares of the stock in a transaction on Monday, December 8th. The shares were sold at an average price of $435.96, for a total transaction of $13,493,833.92. Following the sale, the insider directly owned 69,880 shares of the company’s stock, valued at $30,464,884.80. The trade was a 30.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 390,351 shares of company stock worth $168,588,549 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.