Swiss National Bank Has $36.20 Million Holdings in Carvana Co. (NYSE:CVNA)

Swiss National Bank increased its position in Carvana Co. (NYSE:CVNA - Free Report) by 6.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 207,900 shares of the company's stock after acquiring an additional 13,400 shares during the period. Swiss National Bank owned approximately 0.10% of Carvana worth $36,197,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Forum Financial Management LP grew its position in shares of Carvana by 3.8% in the third quarter. Forum Financial Management LP now owns 2,071 shares of the company's stock valued at $361,000 after purchasing an additional 76 shares during the last quarter. Empirical Asset Management LLC increased its position in Carvana by 2.0% during the third quarter. Empirical Asset Management LLC now owns 5,109 shares of the company's stock worth $890,000 after buying an additional 100 shares in the last quarter. CIBC Asset Management Inc raised its holdings in shares of Carvana by 3.5% in the third quarter. CIBC Asset Management Inc now owns 3,366 shares of the company's stock worth $586,000 after acquiring an additional 115 shares during the last quarter. Bleakley Financial Group LLC lifted its position in shares of Carvana by 6.0% in the third quarter. Bleakley Financial Group LLC now owns 2,308 shares of the company's stock valued at $402,000 after acquiring an additional 130 shares in the last quarter. Finally, CWM LLC boosted its stake in shares of Carvana by 19.5% during the 2nd quarter. CWM LLC now owns 883 shares of the company's stock worth $114,000 after purchasing an additional 144 shares during the last quarter. 56.71% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Carvana

In other news, COO Benjamin E. Huston sold 3,043 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $240.00, for a total value of $730,320.00. Following the completion of the sale, the chief operating officer now owns 218,686 shares in the company, valued at $52,484,640. This represents a 1.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Mark W. Jenkins sold 208,495 shares of Carvana stock in a transaction on Monday, November 4th. The shares were sold at an average price of $224.43, for a total value of $46,792,532.85. Following the transaction, the chief financial officer now owns 90,732 shares in the company, valued at $20,362,982.76. This represents a 69.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,427,249 shares of company stock valued at $437,470,322 in the last quarter. Insiders own 17.12% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on the company. TD Cowen lifted their price target on Carvana from $110.00 to $148.00 and gave the company a "hold" rating in a report on Thursday, August 1st. Royal Bank of Canada upgraded Carvana to a "sector perform" rating and upped their price target for the stock from $166.00 to $170.00 in a research note on Monday, August 19th. Morgan Stanley raised Carvana from an "underweight" rating to an "equal weight" rating and lifted their price objective for the company from $110.00 to $260.00 in a research note on Tuesday, November 5th. Jefferies Financial Group increased their target price on shares of Carvana from $150.00 to $185.00 and gave the stock a "hold" rating in a research report on Tuesday, October 22nd. Finally, Stephens assumed coverage on shares of Carvana in a research report on Thursday, September 12th. They set an "overweight" rating and a $190.00 price target on the stock. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, Carvana presently has a consensus rating of "Hold" and a consensus price target of $217.71.

Carvana Stock Performance

NYSE:CVNA traded up $3.18 during trading hours on Thursday, reaching $247.68. 1,242,986 shares of the stock were exchanged, compared to its average volume of 4,669,881. The stock has a market capitalization of $51.43 billion, a P/E ratio of 24,792.91 and a beta of 3.37. The firm has a 50 day simple moving average of $201.61 and a 200-day simple moving average of $153.27. The company has a quick ratio of 2.12, a current ratio of 3.25 and a debt-to-equity ratio of 18.99. Carvana Co. has a 52 week low of $29.84 and a 52 week high of $259.39.

Carvana (NYSE:CVNA - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.41. The firm had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period last year, the firm posted $0.23 EPS. The business's revenue was up 31.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Carvana Co. will post 0.76 earnings per share for the current fiscal year.

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.