Caxton Associates LP Makes New Investment in Carvana Co. (NYSE:CVNA)

Caxton Associates LP purchased a new stake in shares of Carvana Co. (NYSE:CVNA - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 3,783 shares of the company's stock, valued at approximately $769,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Fidelis Capital Partners LLC lifted its holdings in Carvana by 3.4% during the fourth quarter. Fidelis Capital Partners LLC now owns 1,541 shares of the company's stock valued at $313,000 after purchasing an additional 51 shares during the last quarter. Bleakley Financial Group LLC boosted its holdings 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 buying an additional 65 shares during the period. EverSource Wealth Advisors LLC grew its stake in Carvana by 21.0% in 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 boosted its holdings in shares of Carvana by 2.1% in the fourth quarter. Great Lakes Advisors LLC now owns 3,698 shares of the company's stock worth $752,000 after acquiring an additional 77 shares during the period. Finally, Global Retirement Partners LLC grew its position in shares of Carvana by 109.9% in the fourth quarter. Global Retirement Partners LLC now owns 149 shares of the company's stock valued at $30,000 after purchasing an additional 78 shares in the last quarter. Institutional investors and hedge funds own 56.71% of the company's stock.

Carvana Stock Performance

Shares of NYSE CVNA traded up $4.81 during midday trading on Monday, reaching $272.93. 1,641,017 shares of the stock were exchanged, compared to its average volume of 4,695,972. The company has a quick ratio of 2.12, a current ratio of 3.64 and a debt-to-equity ratio of 3.82. The firm has a market cap of $58.18 billion, a price-to-earnings ratio of 173.87 and a beta of 3.61. The firm has a 50-day simple moving average of $209.94 and a two-hundred day simple moving average of $227.40. Carvana Co. has a twelve month low of $97.55 and a twelve month high of $293.62.

Carvana (NYSE:CVNA - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.76. The firm had revenue of $4.23 billion for the quarter, compared to analysts' expectations of $3.94 billion. Carvana had a net margin of 1.54% and a return on equity of 36.59%. The company's revenue was up 38.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS. As a group, analysts anticipate that Carvana Co. will post 2.85 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Stephens reiterated an "overweight" rating and issued a $300.00 target price on shares of Carvana in a research note on Monday, March 3rd. JMP Securities cut their price target on shares of Carvana from $340.00 to $275.00 and set a "market outperform" rating for the company in a research report on Wednesday, April 9th. Robert W. Baird upped their price objective on shares of Carvana from $200.00 to $275.00 and gave the company a "neutral" rating in a research note on Thursday. Evercore ISI lowered their price objective on Carvana from $250.00 to $240.00 and set an "in-line" rating for the company in a research report on Tuesday, March 11th. Finally, Wells Fargo & Company raised their price objective on Carvana from $290.00 to $310.00 and gave the company an "overweight" rating in a research report on Thursday. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $268.59.

Insider Buying and Selling

In related news, insider Thomas Taira sold 27,593 shares of the business's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $225.03, for a total value of $6,209,252.79. Following the completion of the transaction, the insider now owns 179,673 shares of the company's stock, valued at approximately $40,431,815.19. The trade was a 13.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Benjamin E. Huston sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $253.56, for a total transaction of $2,535,600.00. Following the completion of the transaction, the chief operating officer now directly owns 139,294 shares of the company's stock, valued at approximately $35,319,386.64. This represents a 6.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 347,198 shares of company stock valued at $73,438,671 over the last quarter. 17.12% of the stock is currently owned by insiders.

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.