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

Hillman Co. bought a new stake in Carvana Co. (NYSE:CVNA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 560 shares of the company’s stock, valued at approximately $189,000. Carvana comprises 0.1% of Hillman Co.’s investment portfolio, making the stock its 13th biggest position.

Several other hedge funds have also added to or reduced their stakes in CVNA. Hilltop National Bank acquired a new position in Carvana in the 2nd quarter valued at $25,000. SJS Investment Consulting Inc. grew its stake in shares of Carvana by 960.0% in the second quarter. SJS Investment Consulting Inc. now owns 106 shares of the company’s stock valued at $36,000 after acquiring an additional 96 shares in the last quarter. Brooklyn Investment Group increased its position in Carvana by 961.5% during the first quarter. Brooklyn Investment Group now owns 138 shares of the company’s stock worth $29,000 after acquiring an additional 125 shares during the period. N.E.W. Advisory Services LLC acquired a new stake in Carvana in the 1st quarter worth about $33,000. Finally, V Square Quantitative Management LLC acquired a new stake in Carvana in the 2nd quarter worth about $83,000. 56.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CVNA shares. Stephens restated an “overweight” rating and set a $440.00 target price on shares of Carvana in a research report on Tuesday, September 23rd. Oppenheimer raised Carvana from a “market perform” rating to an “outperform” rating and set a $450.00 price target on the stock in a research report on Friday, July 25th. William Blair reaffirmed an “outperform” rating on shares of Carvana in a report on Wednesday, July 23rd. Needham & Company LLC increased their target price on Carvana from $340.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Finally, Evercore ISI raised their price target on Carvana from $365.00 to $370.00 and gave the stock an “in-line” rating in a research report on Tuesday, August 12th. Thirteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Carvana currently has an average rating of “Moderate Buy” and a consensus price target of $404.94.

Insider Activity

In other news, VP Stephen R. Palmer sold 1,000 shares of the stock in a transaction 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 directly owned 43,513 shares in the company, valued at approximately $16,976,161.82. This represents a 2.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ernest C. Garcia III sold 3,802 shares of the business’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $392.98, for a total value of $1,494,109.96. Following the sale, the chief executive officer owned 376,440 shares in the company, valued at $147,933,391.20. This represents a 1.00% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,289,966 shares of company stock valued at $821,763,103. 16.36% of the stock is currently owned by insiders.

Carvana Stock Down 4.6%

Shares of NYSE CVNA opened at $376.56 on Monday. The company has a market cap of $81.04 billion, a price-to-earnings ratio of 94.38, a PEG ratio of 1.23 and a beta of 3.55. The company has a current ratio of 4.00, a quick ratio of 2.58 and a debt-to-equity ratio of 2.51. Carvana Co. has a 12 month low of $148.25 and a 12 month high of $413.33. The stock has a 50-day moving average price of $364.64 and a two-hundred day moving average price of $310.81.

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

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.