Carvana Co. (NYSE:CVNA) Insider Sells $2,880,504.00 in Stock

Carvana Co. (NYSE:CVNA) insider Paul W. Breaux sold 14,548 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $198.00, for a total value of $2,880,504.00. Following the completion of the sale, the insider now owns 119,494 shares of the company’s stock, valued at approximately $23,659,812. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Carvana Stock Performance

NYSE CVNA opened at $202.53 on Friday. The company has a market capitalization of $41.03 billion, a price-to-earnings ratio of 88.83 and a beta of 3.44. Carvana Co. has a twelve month low of $25.09 and a twelve month high of $203.72. The stock has a fifty day simple moving average of $167.97 and a 200 day simple moving average of $133.19. The company has a quick ratio of 2.02, a current ratio of 3.11 and a debt-to-equity ratio of 47.20.

Carvana (NYSE:CVNA) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.14 earnings per share for the quarter. The company had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.23 billion. Sell-side analysts expect that Carvana Co. will post 0.29 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price target on Carvana from $185.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Wells Fargo & Company upped their target price on Carvana from $175.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday. BTIG Research upped their target price on Carvana from $155.00 to $188.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Wedbush upped their target price on Carvana from $150.00 to $175.00 and gave the stock a “neutral” rating in a research note on Monday, October 7th. Finally, Jefferies Financial Group upped their target price on Carvana from $150.00 to $185.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $182.29.

Institutional Trading of Carvana

A number of institutional investors have recently bought and sold shares of CVNA. Ridgewood Investments LLC bought a new stake in Carvana during the second quarter valued at $32,000. Sugarloaf Wealth Management LLC bought a new stake in Carvana during the third quarter valued at $32,000. Summit Securities Group LLC boosted its position in Carvana by 110.0% during the second quarter. Summit Securities Group LLC now owns 300 shares of the company’s stock valued at $39,000 after acquiring an additional 3,300 shares during the last quarter. Fifth Third Bancorp boosted its position in Carvana by 450.8% during the second quarter. Fifth Third Bancorp now owns 336 shares of the company’s stock valued at $43,000 after acquiring an additional 275 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. bought a new stake in Carvana during the second quarter valued at $51,000. Institutional investors own 56.71% of the company’s stock.

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.