Carvana Co. (NYSE:CVNA) COO Sells $7,545,000.00 in Stock

Carvana Co. (NYSE:CVNA) COO Benjamin E. Huston sold 50,000 shares of the firm’s stock in a transaction on Monday, April 7th. The stock was sold at an average price of $150.90, for a total value of $7,545,000.00. Following the transaction, the chief operating officer now directly owns 123,803 shares of the company’s stock, valued at $18,681,872.70. The trade was a 28.77 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Carvana Price Performance

CVNA opened at $219.60 on Thursday. The company has a quick ratio of 2.12, a current ratio of 3.64 and a debt-to-equity ratio of 3.82. Carvana Co. has a 12-month low of $67.61 and a 12-month high of $292.84. The stock has a fifty day moving average of $218.19 and a 200-day moving average of $219.77. The firm has a market capitalization of $46.81 billion, a P/E ratio of 139.87 and a beta of 3.61.

Carvana (NYSE:CVNA) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.27. Carvana had a return on equity of 36.59% and a net margin of 1.54%. The company had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.32 billion. Equities analysts forecast that Carvana Co. will post 2.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Rhumbline Advisers raised its position in Carvana by 5.7% in the 1st quarter. Rhumbline Advisers now owns 208,856 shares of the company’s stock worth $43,668,000 after purchasing an additional 11,240 shares during the last quarter. GAMMA Investing LLC boosted its stake in Carvana by 27,368.4% in the 1st quarter. GAMMA Investing LLC now owns 215,352 shares of the company’s stock worth $45,026,000 after purchasing an additional 214,568 shares during the period. Versant Capital Management Inc boosted its stake in Carvana by 39.4% in the 1st quarter. Versant Capital Management Inc now owns 290 shares of the company’s stock worth $61,000 after purchasing an additional 82 shares during the period. Wellington Management Group LLP boosted its stake in Carvana by 4.1% in the 4th quarter. Wellington Management Group LLP now owns 36,215 shares of the company’s stock worth $7,365,000 after purchasing an additional 1,430 shares during the period. Finally, California State Teachers Retirement System boosted its stake in Carvana by 81.5% in the 4th quarter. California State Teachers Retirement System now owns 181,249 shares of the company’s stock worth $36,859,000 after purchasing an additional 81,414 shares during the period. Institutional investors own 56.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CVNA shares. JMP Securities lowered their price objective on Carvana from $340.00 to $275.00 and set a “market outperform” rating for the company in a research report on Wednesday. Morgan Stanley raised Carvana from an “underweight” rating to an “overweight” rating in a research report on Monday, March 31st. Needham & Company LLC reaffirmed a “buy” rating and issued a $340.00 target price on shares of Carvana in a research report on Friday, March 7th. Wells Fargo & Company reduced their price target on Carvana from $300.00 to $275.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Finally, Bank of America reduced their price target on Carvana from $270.00 to $220.00 and set a “buy” rating for the company in a report on Friday, March 14th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Carvana currently has an average rating of “Moderate Buy” and an average price target of $253.59.

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.