UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $38.01 Million Position in Carvana Co. (NYSE:CVNA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in Carvana Co. (NYSE:CVNA) by 5.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 218,294 shares of the company’s stock after selling 13,137 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.11% of Carvana worth $38,007,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Sugarloaf Wealth Management LLC purchased a new position in shares of Carvana during the 3rd quarter valued at $32,000. Capital Performance Advisors LLP acquired a new stake in Carvana during the third quarter valued at $40,000. Ridgewood Investments LLC purchased a new position in Carvana in the second quarter valued at about $32,000. First Horizon Advisors Inc. raised its stake in shares of Carvana by 363.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 250 shares of the company’s stock worth $44,000 after purchasing an additional 196 shares in the last quarter. Finally, Summit Securities Group LLC lifted its holdings in shares of Carvana by 110.0% during the 2nd quarter. Summit Securities Group LLC now owns 300 shares of the company’s stock valued at $39,000 after buying an additional 3,300 shares during the last quarter. Institutional investors and hedge funds own 56.71% of the company’s stock.

Insider Activity at Carvana

In other news, major shareholder Ernest C. Garcia II sold 75,000 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $141.72, for a total value of $10,629,000.00. Following the completion of the transaction, the insider now owns 40,733,131 shares in the company, valued at approximately $5,772,699,325.32. This represents a 0.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Daniel J. Gill sold 30,000 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $175.00, for a total transaction of $5,250,000.00. Following the transaction, the insider now directly owns 328,329 shares of the company’s stock, valued at $57,457,575. The trade was a 8.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,172,063 shares of company stock worth $403,916,959 over the last three months. Company insiders own 17.18% of the company’s stock.

Carvana Trading Up 0.2 %

Shares of Carvana stock opened at $255.54 on Wednesday. The company has a market cap of $53.06 billion, a price-to-earnings ratio of 25,579.58 and a beta of 3.32. Carvana Co. has a 1 year low of $36.53 and a 1 year high of $268.34. The company’s fifty day simple moving average is $214.99 and its 200-day simple moving average is $160.59. The company has a current ratio of 3.25, a quick ratio of 2.12 and a debt-to-equity ratio of 18.99.

Carvana (NYSE:CVNA) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.41. The company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the previous year, the firm posted $0.23 EPS. The business’s revenue for the quarter was up 31.8% compared to the same quarter last year. As a group, sell-side analysts expect that Carvana Co. will post 0.76 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on CVNA. Citigroup increased their price objective on Carvana from $125.00 to $195.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. increased their price target on shares of Carvana from $230.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Bank of America lifted their price objective on shares of Carvana from $185.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Evercore ISI upped their price objective on shares of Carvana from $240.00 to $245.00 and gave the stock an “in-line” rating in a report on Tuesday. Finally, Jefferies Financial Group raised their target price on Carvana from $150.00 to $185.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $220.94.

Carvana 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.