Hillman Co. Makes New Investment in Carvana Co. $CVNA

Hillman Co. purchased a new stake in Carvana Co. (NYSE:CVNA) in the 2nd quarter, HoldingsChannel reports. The fund purchased 560 shares of the company’s stock, valued at approximately $189,000. Carvana makes up 0.1% of Hillman Co.’s holdings, making the stock its 13th largest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CVNA. Wealth Enhancement Advisory Services LLC raised its holdings in Carvana by 16.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,513 shares of the company’s stock worth $511,000 after purchasing an additional 348 shares during the last quarter. Wedmont Private Capital acquired a new position in Carvana in the first quarter valued at $307,000. Farther Finance Advisors LLC boosted its position in Carvana by 333.1% during the first quarter. Farther Finance Advisors LLC now owns 3,482 shares of the company’s stock valued at $740,000 after acquiring an additional 2,678 shares during the last quarter. Yousif Capital Management LLC boosted its position in shares of Carvana by 4.1% during the 1st quarter. Yousif Capital Management LLC now owns 1,266 shares of the company’s stock valued at $265,000 after purchasing an additional 50 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Carvana by 31.4% during the first quarter. GAMMA Investing LLC now owns 1,030 shares of the company’s stock worth $215,000 after purchasing an additional 246 shares during the period. 56.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Carvana news, CFO Mark W. Jenkins sold 12,750 shares of Carvana stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $389.27, for a total transaction of $4,963,192.50. Following the transaction, the chief financial officer owned 207,362 shares of the company’s stock, valued at $80,719,805.74. This trade represents a 5.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Stephen R. Palmer sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $390.14, for a total value of $390,140.00. Following the completion of the transaction, the vice president owned 43,513 shares in the company, valued at $16,976,161.82. The trade was a 2.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,289,966 shares of company stock valued at $821,763,103 over the last 90 days. 16.36% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Wall Street Zen cut Carvana from a “buy” rating to a “hold” rating in a report on Friday. Bank of America raised their price target on shares of Carvana from $375.00 to $425.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. DA Davidson lifted their price target on shares of Carvana from $260.00 to $380.00 and gave the company a “neutral” rating in a research note on Thursday, July 31st. Gordon Haskett assumed coverage on shares of Carvana in a research report on Monday, July 14th. They set a “hold” rating and a $329.00 price objective on the stock. Finally, Citigroup reaffirmed an “outperform” rating on shares of Carvana in a research report on Thursday, July 31st. Thirteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $404.94.

Carvana Stock Performance

Shares of Carvana stock opened at $376.56 on Monday. Carvana Co. has a 52 week low of $148.25 and a 52 week high of $413.33. The company has a quick ratio of 2.58, a current ratio of 4.00 and a debt-to-equity ratio of 2.51. The business has a 50 day moving average price of $364.64 and a 200-day moving average price of $310.81. The company has a market cap of $81.04 billion, a PE ratio of 94.38, a price-to-earnings-growth ratio of 1.23 and a beta of 3.55.

Carvana (NYSE:CVNA) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.19. Carvana had a return on equity of 40.57% and a net margin of 3.46%.The business had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter in the prior year, the company posted ($0.05) earnings per share. Carvana’s revenue was up 41.9% compared to the same quarter last year. Equities analysts anticipate that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

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.