Virtu KCG Holdings LLC bought a new stake in shares of Carvana Co (NASDAQ:CVNA) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 25,794 shares of the company’s stock, valued at approximately $528,000. Virtu KCG Holdings LLC owned approximately 0.17% of Carvana at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. FMR LLC bought a new position in shares of Carvana in the second quarter worth about $26,992,000. Principal Financial Group Inc. bought a new position in shares of Carvana in the second quarter worth about $14,998,000. Vanguard Group Inc. bought a new position in shares of Carvana in the second quarter worth about $10,730,000. Bank of New York Mellon Corp bought a new position in shares of Carvana in the second quarter worth about $10,604,000. Finally, Blair William & Co. IL bought a new position in shares of Carvana in the second quarter worth about $8,002,000.
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A number of equities analysts have recently commented on the company. Consumer Edge reiterated an “outperform” rating and issued a $23.00 price objective on shares of Carvana in a research note on Monday, October 2nd. B. Riley assumed coverage on Carvana in a research note on Friday, September 22nd. They issued a “sell” rating and a $12.00 price objective on the stock. Wedbush reiterated a “neutral” rating and issued a $18.14 price objective (down from $20.00) on shares of Carvana in a research note on Friday, September 15th. Robert W. Baird reiterated an “outperform” rating and issued a $22.00 price objective on shares of Carvana in a research note on Thursday, September 7th. Finally, Wells Fargo & Company reiterated an “outperform” rating and issued a $23.00 price objective on shares of Carvana in a research note on Sunday, August 20th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. Carvana has an average rating of “Buy” and an average price target of $20.35.
Shares of Carvana Co (NASDAQ CVNA) opened at 13.90 on Wednesday. The company’s 50-day moving average price is $16.45 and its 200-day moving average price is $16.14. Carvana Co has a 52-week low of $8.14 and a 52-week high of $23.70. The firm’s market capitalization is $215.70 million.
Carvana (NASDAQ:CVNA) last released its quarterly earnings results on Tuesday, August 8th. The company reported ($0.28) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.30) by $0.02. The company had revenue of $209.37 million during the quarter, compared to the consensus estimate of $198.84 million. Carvana’s quarterly revenue was up 142.0% on a year-over-year basis. On average, equities research analysts expect that Carvana Co will post ($1.13) EPS for the current fiscal year.
Carvana Co is an e-commerce platform for buying used cars. On the Company’s platform, consumers can research and identify a vehicle, inspect it using its proprietary 360-degree vehicle imaging technology, obtain financing and warranty coverage, purchase the vehicle and schedule delivery or pick-up, all from their desktop or mobile devices.
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