Hunting Hill Global Capital LLC Purchases Shares of 2,003 Carvana Co. (NYSE:CVNA)

Hunting Hill Global Capital LLC purchased a new position in shares of Carvana Co. (NYSE:CVNA - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,003 shares of the company's stock, valued at approximately $407,000.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Carvana by 5.6% during the fourth quarter. Vanguard Group Inc. now owns 11,425,367 shares of the company's stock worth $2,323,463,000 after acquiring an additional 610,234 shares in the last quarter. Lingotto Investment Management LLP lifted its stake in Carvana by 1.5% in the fourth quarter. Lingotto Investment Management LLP now owns 3,987,150 shares of the company's stock worth $810,827,000 after acquiring an additional 57,215 shares during the period. Geode Capital Management LLC lifted its position in shares of Carvana by 4.2% in the 4th quarter. Geode Capital Management LLC now owns 1,878,796 shares of the company's stock worth $381,592,000 after purchasing an additional 75,250 shares during the period. Norges Bank bought a new stake in Carvana during the 4th quarter valued at approximately $179,364,000. Finally, First Trust Advisors LP boosted its position in shares of Carvana by 4.0% during the fourth quarter. First Trust Advisors LP now owns 593,636 shares of the company's stock valued at $120,722,000 after purchasing an additional 22,640 shares in the last quarter. Institutional investors own 56.71% of the company's stock.

Insider Buying and Selling

In related news, insider Thomas Taira sold 27,593 shares of the business's stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $225.03, for a total transaction of $6,209,252.79. Following the completion of the transaction, the insider now owns 179,673 shares in the company, valued at $40,431,815.19. The trade was a 13.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Benjamin E. Huston sold 50,000 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $178.49, for a total value of $8,924,500.00. Following the completion of the sale, the chief operating officer now owns 196,278 shares of the company's stock, valued at approximately $35,033,660.22. This trade represents a 20.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 330,810 shares of company stock valued at $69,243,820. Insiders own 17.12% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Bank of America decreased their target price on shares of Carvana from $270.00 to $220.00 and set a "buy" rating for the company in a research note on Friday, March 14th. Wells Fargo & Company dropped their target price on shares of Carvana from $300.00 to $275.00 and set an "overweight" rating on the stock in a research note on Monday, January 6th. Needham & Company LLC reissued a "buy" rating and set a $340.00 price target on shares of Carvana in a research report on Friday, March 7th. Wedbush set a $250.00 target price on Carvana and gave the company a "neutral" rating in a research note on Wednesday, February 19th. Finally, JPMorgan Chase & Co. decreased their price target on Carvana from $365.00 to $325.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $253.88.

Carvana Price Performance

Shares of NYSE CVNA traded up $8.79 during midday trading on Wednesday, reaching $220.74. 5,238,478 shares of the stock traded hands, compared to its average volume of 4,062,710. Carvana Co. has a one year low of $71.39 and a one year high of $292.84. The stock has a market capitalization of $47.05 billion, a PE ratio of 140.60 and a beta of 3.61. The company's 50 day moving average is $206.80 and its 200 day moving average is $221.84. 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 earnings results on Wednesday, February 19th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.27. The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.32 billion. Carvana had a return on equity of 36.59% and a net margin of 1.54%. On average, equities research analysts anticipate that Carvana Co. will post 2.85 earnings per share for the current year.

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.