Benjamin Huston Sells 10,000 Shares of Carvana (NYSE:CVNA) Stock

Carvana Co. (NYSE:CVNA) COO Benjamin Huston sold 10,000 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $324.57, for a total value of $3,245,700.00. Following the completion of the transaction, the chief operating officer owned 101,977 shares in the company, valued at $33,098,674.89. The trade was a 8.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Carvana Trading Down 6.7%

CVNA traded down $22.42 during mid-day trading on Tuesday, reaching $309.91. The stock had a trading volume of 3,851,037 shares, compared to its average volume of 3,857,016. The stock has a market capitalization of $66.69 billion, a P/E ratio of 70.76, a P/E/G ratio of 1.04 and a beta of 3.50. The company has a debt-to-equity ratio of 1.63, a quick ratio of 2.55 and a current ratio of 4.05. The firm’s fifty day simple moving average is $362.00 and its two-hundred day simple moving average is $332.73. Carvana Co. has a 52 week low of $148.25 and a 52 week high of $413.33.

Carvana (NYSE:CVNA) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.26). The firm had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.04 billion. Carvana had a net margin of 3.44% and a return on equity of 30.62%. The firm’s quarterly revenue was up 54.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.64 earnings per share. On average, equities analysts predict that Carvana Co. will post 2.85 EPS for the current year.

Institutional Trading of Carvana

Several hedge funds have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD raised its stake in shares of Carvana by 13.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,950,011 shares of the company’s stock valued at $3,125,749,000 after purchasing an additional 1,823,218 shares during the period. Vanguard Group Inc. raised its stake in shares of Carvana by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 12,764,230 shares of the company’s stock valued at $4,301,035,000 after purchasing an additional 229,387 shares during the period. State Street Corp raised its stake in shares of Carvana by 15.0% in the 2nd quarter. State Street Corp now owns 2,765,046 shares of the company’s stock valued at $931,710,000 after purchasing an additional 361,624 shares during the period. Geode Capital Management LLC raised its stake in shares of Carvana by 11.0% in the 2nd quarter. Geode Capital Management LLC now owns 2,232,179 shares of the company’s stock valued at $750,301,000 after purchasing an additional 221,161 shares during the period. Finally, Sands Capital Management LLC raised its stake in shares of Carvana by 1,374.3% in the 2nd quarter. Sands Capital Management LLC now owns 901,227 shares of the company’s stock valued at $303,677,000 after purchasing an additional 840,096 shares during the period. Institutional investors and hedge funds own 56.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CVNA shares. Citigroup reduced their price target on Carvana from $490.00 to $445.00 and set a “buy” rating on the stock in a research report on Monday. Weiss Ratings restated a “hold (c-)” rating on shares of Carvana in a research report on Tuesday, October 14th. William Blair restated an “outperform” rating on shares of Carvana in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. raised their price target on Carvana from $425.00 to $490.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 21st. Finally, Stephens restated an “overweight” rating and issued a $440.00 price target on shares of Carvana in a research report on Tuesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $415.50.

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.