RV Capital AG Has $171.97 Million Stake in Carvana Co. $CVNA
RV Capital AG reduced its stake in Carvana Co. (NYSE:CVNA) by 6.8% in Q2, now holding 510,352 shares valued at approximately $171.97 million. Carvana represents 31.8% of RV Capital's portfolio. Other institutional investors have also adjusted their stakes, with significant increases from J.Safra Asset Management and Farther Finance Advisors. Insider Ernest C. Garcia II sold substantial shares recently, and Carvana's stock has received positive ratings from several analysts, with a current average price target of $383.47.
RV Capital AG lessened its stake in shares of Carvana Co. (NYSE:CVNA - Free Report) by 6.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 510,352 shares of the company's stock after selling 37,162 shares during the quarter. Carvana comprises about 31.8% of RV Capital AG's investment portfolio, making the stock its biggest holding. RV Capital AG owned 0.24% of Carvana worth $171,968,000 at the end of the most recent reporting period.
- Carvana’s Stock Price Rebound Shifts Into a Higher Gear
Other institutional investors have also recently added to or reduced their stakes in the company. J.Safra Asset Management Corp raised its stake in shares of Carvana by 140.8% in the 1st quarter. J.Safra Asset Management Corp now owns 3,390 shares of the company's stock worth $709,000 after buying an additional 1,982 shares in the last quarter. Worldquant Millennium Advisors LLC acquired a new position in Carvana during the fourth quarter worth about $51,091,000. Farther Finance Advisors LLC grew its holdings in Carvana by 333.1% during the first quarter. Farther Finance Advisors LLC now owns 3,482 shares of the company's stock worth $740,000 after acquiring an additional 2,678 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Carvana in the fourth quarter worth about $36,527,000. Finally, Brucke Financial Inc. acquired a new stake in Carvana in the 4th quarter valued at about $415,000. 56.71% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Carvana
In other Carvana news, major shareholder Ernest C. Garcia II sold 100,000 shares of the business's stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $353.76, for a total value of $35,376,000.00. Following the transaction, the insider owned 36,437,346 shares in the company, valued at $12,890,075,520.96. The trade was a 0.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Ernest C. Garcia II sold 93,376 shares of the firm's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $394.16, for a total value of $36,805,084.16. Following the sale, the insider directly owned 6,624 shares of the company's stock, valued at $2,610,915.84. This trade represents a 93.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,416,037 shares of company stock worth $854,448,368. 16.36% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
- Carvana: Can Turnaround Strength Outdrive Market Headwinds?
CVNA has been the topic of several recent research reports. Bank of America lifted their price objective on shares of Carvana from $375.00 to $425.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. William Blair restated an "outperform" rating on shares of Carvana in a report on Wednesday, July 23rd. Stephens lifted their price target on shares of Carvana from $300.00 to $375.00 and gave the stock an "overweight" rating in a research report on Monday, July 7th. Oppenheimer raised Carvana from a "market perform" rating to an "outperform" rating and set a $450.00 price target on the stock in a report on Friday, July 25th. Finally, Citigroup reissued an "outperform" rating on shares of Carvana in a research note on Thursday, July 31st. Twelve investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Carvana presently has an average rating of "Moderate Buy" and an average price target of $383.47.
Check Out Our Latest Analysis on CVNA
Carvana Price Performance
- CarMax and Carvana: Steering the Used Car Market
Shares of CVNA opened at $361.66 on Monday. The business's 50-day moving average is $354.06 and its 200-day moving average is $290.85. The company has a debt-to-equity ratio of 2.51, a current ratio of 4.00 and a quick ratio of 2.58. The company has a market capitalization of $77.83 billion, a price-to-earnings ratio of 90.64, a P/E/G ratio of 1.19 and a beta of 3.51. Carvana Co. has a fifty-two week low of $140.23 and a fifty-two week high of $413.33.
Carvana (NYSE:CVNA - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.09 by $0.19. The business had revenue of $4.84 billion during the quarter, compared to analysts' expectations of $4.54 billion. Carvana had a net margin of 3.46% and a return on equity of 40.57%. The firm's quarterly revenue was up 41.9% compared to the same quarter last year. During the same period last year, the company posted ($0.05) earnings per share. Equities research analysts expect that Carvana Co. will post 2.85 EPS for the current fiscal year.
Carvana Profile
(Free Report)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.
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