Hexagon Capital Partners LLC Buys 2,454 Shares of Carvana Co. (NYSE:CVNA)

Hexagon Capital Partners LLC increased its holdings in shares of Carvana Co. (NYSE:CVNA - Free Report) by 1,791.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,591 shares of the company's stock after acquiring 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.

A number of other hedge funds have also bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its stake in Carvana by 9.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 462,962 shares of the company's stock worth $94,148,000 after buying an additional 39,089 shares in the last quarter. J.Safra Asset Management Corp grew its stake in Carvana by 140.8% during the first quarter. J.Safra Asset Management Corp now owns 3,390 shares of the company's stock worth $709,000 after buying an additional 1,982 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Carvana during the fourth quarter worth about $60,866,000. Worldquant Millennium Advisors LLC acquired a new stake in shares of Carvana in the 4th quarter valued at approximately $51,091,000. Finally, Farther Finance Advisors LLC boosted its stake in shares of Carvana by 333.1% in the 1st quarter. Farther Finance Advisors LLC now owns 3,482 shares of the company's stock valued at $740,000 after purchasing an additional 2,678 shares in the last quarter. 56.71% of the stock is owned by institutional investors.

Insider Buying and Selling at Carvana

In related news, CEO Ernest C. Garcia III sold 5,439 shares of the company's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $344.00, for a total value of $1,871,016.00. Following the sale, the chief executive officer owned 691,440 shares in the company, valued at $237,855,360. This represents a 0.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Benjamin E. Huston sold 10,000 shares of the company's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $338.02, for a total transaction of $3,380,200.00. Following the completion of the sale, the chief operating officer owned 126,855 shares in the company, valued at $42,879,527.10. This represents a 7.31% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,379,861 shares of company stock worth $434,528,045. 17.12% of the stock is currently owned by insiders.

Carvana Trading Up 1.5%

Shares of NYSE:CVNA traded up $5.12 during mid-day trading on Friday, hitting $348.51. The company had a trading volume of 1,542,889 shares, compared to its average volume of 3,865,512. The firm has a fifty day moving average price of $305.85 and a 200 day moving average price of $248.31. The company has a market capitalization of $74.63 billion, a PE ratio of 122.28, a price-to-earnings-growth ratio of 1.36 and a beta of 3.59. The company has a debt-to-equity ratio of 2.97, a current ratio of 3.81 and a quick ratio of 2.70. Carvana Co. has a one year low of $118.50 and a one year high of $351.43.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CVNA. Wedbush upgraded shares of Carvana to a "hold" rating in a research note on Thursday, May 8th. Royal Bank Of Canada raised their price target on shares of Carvana from $320.00 to $340.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. JMP Securities set a $440.00 price target on shares of Carvana and gave the company a "market outperform" rating in a research note on Wednesday. Needham & Company LLC reiterated a "buy" rating and issued a $340.00 price objective on shares of Carvana in a report on Thursday, May 8th. Finally, Bank of America raised their price objective on shares of Carvana from $325.00 to $375.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $293.88.

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.