3G Capital Partners LP Purchases 22,218 Shares of Carvana Co. (NYSE:CVNA)

3G Capital Partners LP increased its holdings in Carvana Co. (NYSE:CVNA - Free Report) by 173.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,000 shares of the company's stock after buying an additional 22,218 shares during the period. Carvana accounts for 2.0% of 3G Capital Partners LP's investment portfolio, making the stock its 13th biggest position. 3G Capital Partners LP's holdings in Carvana were worth $7,118,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Fidelis Capital Partners LLC boosted its holdings in shares of Carvana by 3.4% in the fourth quarter. Fidelis Capital Partners LLC now owns 1,541 shares of the company's stock worth $313,000 after acquiring an additional 51 shares during the period. Bleakley Financial Group LLC boosted its stake in Carvana by 2.8% in the 4th quarter. Bleakley Financial Group LLC now owns 2,373 shares of the company's stock worth $483,000 after purchasing an additional 65 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Carvana by 21.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 426 shares of the company's stock valued at $87,000 after buying an additional 74 shares in the last quarter. Great Lakes Advisors LLC increased its position in shares of Carvana by 2.1% during the fourth quarter. Great Lakes Advisors LLC now owns 3,698 shares of the company's stock valued at $752,000 after buying an additional 77 shares during the period. Finally, Global Retirement Partners LLC lifted its holdings in shares of Carvana by 109.9% in the fourth quarter. Global Retirement Partners LLC now owns 149 shares of the company's stock worth $30,000 after buying an additional 78 shares in the last quarter. 56.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, COO Benjamin E. Huston sold 50,000 shares of the business's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $178.49, for a total value of $8,924,500.00. Following the sale, the chief operating officer now directly owns 196,278 shares of the company's stock, valued at $35,033,660.22. The trade was a 20.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Mark W. Jenkins sold 28,422 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $288.85, for a total value of $8,209,694.70. Following the transaction, the chief financial officer now directly owns 219,962 shares of the company's stock, valued at approximately $63,536,023.70. This trade represents a 11.44 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 320,810 shares of company stock valued at $66,742,620. Company insiders own 17.12% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Evercore ISI decreased their target price on shares of Carvana from $250.00 to $240.00 and set an "in-line" rating on the stock in a report on Tuesday, March 11th. JMP Securities reduced their target price on Carvana from $340.00 to $275.00 and set a "market outperform" rating for the company in a research report on Wednesday, April 9th. Wells Fargo & Company lowered their price target on Carvana from $310.00 to $290.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Citigroup cut their price objective on Carvana from $320.00 to $280.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, Royal Bank of Canada raised their target price on shares of Carvana from $280.00 to $320.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $254.76.

Carvana Trading Up 0.9 %

CVNA traded up $2.19 during trading on Monday, hitting $259.29. 2,130,172 shares of the stock traded hands, compared to its average volume of 3,886,020. The firm has a market capitalization of $55.27 billion, a P/E ratio of 165.15 and a beta of 3.61. Carvana Co. has a 12-month low of $97.55 and a 12-month high of $292.84. The company has a debt-to-equity ratio of 3.82, a current ratio of 3.64 and a quick ratio of 2.12. The firm has a 50-day moving average of $205.81 and a 200 day moving average of $224.93.

Carvana (NYSE:CVNA - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.27. The company had revenue of $3.55 billion for the quarter, compared to analysts' expectations of $3.32 billion. Carvana had a return on equity of 36.59% and a net margin of 1.54%. Equities research analysts anticipate that Carvana Co. will post 2.85 EPS for the current 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.