2,003 Shares in Carvana Co. (NYSE:CVNA) Bought by Hunting Hill Global Capital LLC

Hunting Hill Global Capital LLC acquired a new stake in Carvana Co. (NYSE:CVNA - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,003 shares of the company's stock, valued at approximately $407,000.

A number of other institutional investors and hedge funds have also modified their holdings of CVNA. Quent Capital LLC bought a new position in Carvana during the fourth quarter valued at about $28,000. Global Retirement Partners LLC raised 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 valued at $30,000 after buying an additional 78 shares during the last quarter. Rialto Wealth Management LLC bought a new position in Carvana in the fourth quarter valued at about $31,000. ORG Wealth Partners LLC bought a new stake in shares of Carvana during the 4th quarter valued at $34,000. Finally, Versant Capital Management Inc bought a new stake in shares of Carvana in the 4th quarter valued at about $42,000. 56.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on CVNA. Morgan Stanley upgraded Carvana from an "underweight" rating to an "overweight" rating in a research report on Monday, March 31st. Stephens reiterated an "overweight" rating and set a $300.00 target price on shares of Carvana in a report on Monday, March 3rd. DA Davidson increased their price target on shares of Carvana from $220.00 to $260.00 and gave the company a "neutral" rating in a research note on Thursday, February 20th. Needham & Company LLC reiterated a "buy" rating and set a $340.00 target price on shares of Carvana in a research note on Friday, March 7th. Finally, Royal Bank of Canada lifted their target price on shares of Carvana from $280.00 to $320.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $253.88.

Carvana Price Performance

NYSE:CVNA traded up $1.80 during trading hours on Friday, hitting $236.82. The company's stock had a trading volume of 2,947,267 shares, compared to its average volume of 4,064,935. The stock has a fifty day simple moving average of $204.82 and a 200-day simple moving average of $222.54. The company has a market capitalization of $50.48 billion, a P/E ratio of 150.84 and a beta of 3.61. Carvana Co. has a twelve month low of $77.00 and a twelve 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.

Carvana (NYSE:CVNA - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.56 earnings per share 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%. On average, analysts anticipate that Carvana Co. will post 2.85 EPS for the current fiscal year.

Insider Transactions at Carvana

In other Carvana news, insider Thomas Taira sold 27,593 shares of the stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $225.03, for a total transaction of $6,209,252.79. Following the completion of the sale, the insider now directly owns 179,673 shares in the company, valued at approximately $40,431,815.19. This trade represents a 13.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Mark W. Jenkins sold 10,000 shares of Carvana stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $250.12, for a total value of $2,501,200.00. Following the completion of the sale, the chief financial officer now owns 219,962 shares of the company's stock, valued at approximately $55,016,895.44. The trade was a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 330,810 shares of company stock worth $69,243,820 over the last ninety days. 17.12% of the stock is owned by insiders.

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.