Benjamin Huston Sells 20,000 Shares of Carvana (NYSE:CVNA) Stock

Carvana Co. (NYSE:CVNA) COO Benjamin Huston sold 20,000 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $475.00, for a total transaction of $9,500,000.00. Following the transaction, the chief operating officer owned 100,758 shares of the company’s stock, valued at $47,860,050. This trade represents a 16.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Carvana Price Performance

Shares of CVNA stock traded down $16.78 on Friday, reaching $455.95. The company’s stock had a trading volume of 6,195,099 shares, compared to its average volume of 3,844,552. The company has a market capitalization of $99.19 billion, a P/E ratio of 104.10, a PEG ratio of 1.69 and a beta of 3.51. Carvana Co. has a 12-month low of $148.25 and a 12-month high of $485.33. The stock’s 50 day simple moving average is $352.24 and its 200-day simple moving average is $349.87. The company has a quick ratio of 2.55, a current ratio of 4.05 and a debt-to-equity ratio of 1.63.

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. BTIG Research reiterated a “buy” rating and set a $450.00 target price on shares of Carvana in a research report on Thursday, October 30th. DA Davidson set a $360.00 price objective on shares of Carvana in a research report on Thursday, October 30th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $460.00 price objective on shares of Carvana in a report on Thursday, October 30th. Jefferies Financial Group increased their target price on Carvana from $475.00 to $550.00 and gave the company a “buy” rating in a research note on Thursday. Finally, UBS Group initiated coverage on Carvana in a research report on Monday, December 1st. They set a “buy” rating and a $450.00 price target on the stock. Eighteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $438.76.

Institutional Trading of Carvana

Several hedge funds and other institutional investors have recently bought and sold shares of CVNA. SJS Investment Consulting Inc. grew its holdings in Carvana by 28.3% in the third quarter. SJS Investment Consulting Inc. now owns 136 shares of the company’s stock worth $51,000 after purchasing an additional 30 shares during the period. Warren Street Wealth Advisors LLC boosted its position in shares of Carvana by 2.8% in the 2nd quarter. Warren Street Wealth Advisors LLC now owns 1,153 shares of the company’s stock worth $388,000 after purchasing an additional 31 shares in the last quarter. MAI Capital Management boosted its position in shares of Carvana by 1.8% in the 2nd quarter. MAI Capital Management now owns 1,757 shares of the company’s stock worth $592,000 after purchasing an additional 31 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of Carvana by 23.1% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 165 shares of the company’s stock worth $62,000 after buying an additional 31 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC increased its position in Carvana by 1.7% during the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 1,846 shares of the company’s stock valued at $622,000 after buying an additional 31 shares in the last quarter. 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.