Carvana Co. (NYSE:CVNA) COO Sells $8,025,900.00 in Stock

Carvana Co. (NYSE:CVNA) COO Benjamin E. Huston sold 26,753 shares of Carvana stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $300.00, for a total value of $8,025,900.00. Following the completion of the transaction, the chief operating officer now owns 149,294 shares in the company, valued at $44,788,200. This represents a 15.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Carvana Stock Up 0.8%

Carvana stock opened at $299.68 on Monday. The company has a debt-to-equity ratio of 3.82, a quick ratio of 2.12 and a current ratio of 3.64. The business’s 50-day simple moving average is $220.71 and its two-hundred day simple moving average is $230.22. The company has a market cap of $64.17 billion, a PE ratio of 190.88 and a beta of 3.61. Carvana Co. has a fifty-two week low of $97.55 and a fifty-two week high of $311.88.

Carvana (NYSE:CVNA) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.76. The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $3.94 billion. Carvana had a return on equity of 36.59% and a net margin of 1.54%. The company’s quarterly revenue was up 38.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.23 EPS. Equities analysts anticipate that Carvana Co. will post 2.85 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CVNA. Citigroup lifted their price target on Carvana from $280.00 to $325.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Robert W. Baird lifted their price target on Carvana from $200.00 to $275.00 and gave the company a “neutral” rating in a report on Thursday, May 8th. Wedbush upgraded Carvana to a “hold” rating in a report on Thursday, May 8th. William Blair restated an “outperform” rating on shares of Carvana in a research note on Thursday, February 20th. Finally, JMP Securities dropped their target price on Carvana from $340.00 to $275.00 and set a “market outperform” rating on the stock in a research note on Wednesday, April 9th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $269.18.

Institutional Trading of Carvana

Large investors have recently added to or reduced their stakes in the company. Brooklyn Investment Group grew its stake in Carvana by 961.5% during the 1st quarter. Brooklyn Investment Group now owns 138 shares of the company’s stock valued at $29,000 after purchasing an additional 125 shares during the last quarter. Quent Capital LLC acquired a new position in shares of Carvana in the 4th quarter valued at about $28,000. Global Retirement Partners LLC lifted its holdings in shares of Carvana by 109.9% in the 4th quarter. Global Retirement Partners LLC now owns 149 shares of the company’s stock valued at $30,000 after buying an additional 78 shares during the period. Rialto Wealth Management LLC acquired a new position in shares of Carvana in the 4th quarter valued at about $31,000. Finally, N.E.W. Advisory Services LLC acquired a new position in shares of Carvana in the 1st quarter valued at about $33,000. Hedge funds and other 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.