Carvana Co. (NYSE:CVNA) Shares Purchased by Hexagon Capital Partners LLC

Hexagon Capital Partners LLC increased its holdings in shares of Carvana Co. (NYSE:CVNA - Free Report) by 1,791.2% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,591 shares of the company's stock after purchasing an additional 2,454 shares during the quarter. Hexagon Capital Partners LLC's holdings in Carvana were worth $542,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in CVNA. Teacher Retirement System of Texas boosted its position in Carvana by 106.1% during the 1st quarter. Teacher Retirement System of Texas now owns 16,892 shares of the company's stock worth $3,532,000 after acquiring an additional 8,694 shares during the period. Smith Group Asset Management LLC grew its holdings in Carvana by 3.6% in the 1st quarter. Smith Group Asset Management LLC now owns 2,910 shares of the company's stock valued at $608,000 after buying an additional 100 shares during the last quarter. Vontobel Holding Ltd. acquired a new stake in shares of Carvana during the 1st quarter worth approximately $1,623,000. J.Safra Asset Management Corp grew its holdings in shares of Carvana by 140.8% during the 1st quarter. J.Safra Asset Management Corp now owns 3,390 shares of the company's stock worth $709,000 after purchasing an additional 1,982 shares in the last quarter. Finally, Amalgamated Bank boosted its stake in Carvana by 3.2% in the 1st quarter. Amalgamated Bank now owns 6,337 shares of the company's stock valued at $1,325,000 after buying an additional 195 shares in the last quarter. 56.71% of the stock is owned by institutional investors and hedge funds.

Carvana Price Performance

CVNA traded up $8.38 on Monday, hitting $356.71. 1,291,702 shares of the company's stock traded hands, compared to its average volume of 3,855,912. The company has a current ratio of 3.81, a quick ratio of 2.70 and a debt-to-equity ratio of 2.97. Carvana Co. has a one year low of $118.50 and a one year high of $357.13. The company's 50 day simple moving average is $305.85 and its 200-day simple moving average is $248.49. The firm has a market cap of $76.38 billion, a price-to-earnings ratio of 125.18, a P/E/G ratio of 1.36 and a beta of 3.59.

Carvana (NYSE:CVNA - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.76. The business had revenue of $4.23 billion during the quarter, compared to analysts' expectations of $3.94 billion. Carvana had a return on equity of 44.86% and a net margin of 2.68%. The business's revenue for the quarter was up 38.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.23 EPS. As a group, research analysts anticipate that Carvana Co. will post 2.85 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Mark W. Jenkins sold 51,380 shares of the firm's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $326.03, for a total transaction of $16,751,421.40. Following the completion of the transaction, the chief financial officer directly owned 162,079 shares in the company, valued at $52,842,616.37. This trade represents a 24.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Daniel J. Gill sold 70,166 shares of Carvana stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $281.43, for a total value of $19,746,817.38. Following the sale, the insider owned 201,087 shares in the company, valued at $56,591,914.41. This trade represents a 25.87% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,329,861 shares of company stock worth $426,983,045. 16.36% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CVNA. Wells Fargo & Company lifted their price target on Carvana from $290.00 to $310.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Wedbush upgraded shares of Carvana to a "hold" rating in a report on Thursday, May 8th. JMP Securities set a $440.00 price target on shares of Carvana and gave the stock a "market outperform" rating in a research note on Wednesday, July 2nd. Bank of America raised their target price on shares of Carvana from $325.00 to $375.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Finally, Evercore ISI raised their target price on shares of Carvana from $295.00 to $305.00 and gave the stock an "in-line" rating in a research note on Tuesday, June 24th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $293.88.

About Carvana

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.