1,655 Shares in Carvana Co. (NYSE:CVNA) Purchased by Banco Santander S.A.

Banco Santander S.A. bought a new position in Carvana Co. (NYSE:CVNA) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,655 shares of the company’s stock, valued at approximately $213,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Carvana by 2.7% in the first quarter. Vanguard Group Inc. now owns 10,290,551 shares of the company’s stock worth $904,642,000 after acquiring an additional 266,972 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Carvana by 39.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,459,065 shares of the company’s stock valued at $655,727,000 after purchasing an additional 2,112,463 shares during the period. First Trust Advisors LP increased its position in shares of Carvana by 17.1% during the 4th quarter. First Trust Advisors LP now owns 1,483,944 shares of the company’s stock valued at $78,560,000 after purchasing an additional 216,893 shares during the last quarter. Goodnow Investment Group LLC lifted its stake in shares of Carvana by 1.6% in the 4th quarter. Goodnow Investment Group LLC now owns 1,464,528 shares of the company’s stock worth $77,532,000 after purchasing an additional 23,140 shares during the period. Finally, Steadview Capital Management LLC boosted its holdings in shares of Carvana by 15.6% in the fourth quarter. Steadview Capital Management LLC now owns 876,905 shares of the company’s stock worth $46,423,000 after buying an additional 118,500 shares during the last quarter. Institutional investors own 56.71% of the company’s stock.

Analysts Set New Price Targets

CVNA has been the subject of a number of research reports. Morgan Stanley upped their target price on shares of Carvana from $75.00 to $110.00 and gave the company an “underweight” rating in a report on Thursday, August 1st. William Blair reaffirmed an “outperform” rating on shares of Carvana in a report on Thursday, May 2nd. DA Davidson lifted their target price on Carvana from $110.00 to $155.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. upped their price target on Carvana from $150.00 to $155.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Finally, TD Cowen lifted their price objective on Carvana from $110.00 to $148.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $148.40.

Carvana Price Performance

CVNA stock traded down $4.23 during mid-day trading on Thursday, hitting $150.08. The company had a trading volume of 2,110,335 shares, compared to its average volume of 5,259,693. The company has a 50-day moving average price of $135.64 and a 200 day moving average price of $105.39. Carvana Co. has a 12-month low of $25.09 and a 12-month high of $159.85. The company has a market capitalization of $30.40 billion, a price-to-earnings ratio of 66.73 and a beta of 3.37. The company has a quick ratio of 1.62, a current ratio of 3.11 and a debt-to-equity ratio of 47.20.

Insider Transactions at Carvana

In other news, CFO Mark W. Jenkins sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $99.25, for a total transaction of $496,250.00. Following the sale, the chief financial officer now directly owns 192,552 shares of the company’s stock, valued at approximately $19,110,786. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Carvana news, CFO Mark W. Jenkins sold 5,000 shares of Carvana stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $99.25, for a total value of $496,250.00. Following the completion of the transaction, the chief financial officer now directly owns 192,552 shares of the company’s stock, valued at approximately $19,110,786. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Daniel J. Gill sold 20,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $150.00, for a total transaction of $3,000,000.00. Following the sale, the insider now owns 359,370 shares in the company, valued at $53,905,500. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,685,422 shares of company stock valued at $349,995,027. 17.12% of the stock is currently owned by insiders.

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.