Carvana (NYSE:CVNA) Director Sells $1,000,137.60 in Stock

Carvana Co. (NYSE:CVNA) Director J Quayle sold 14,520 shares of the company’s stock in a transaction on Friday, October 30th. The stock was sold at an average price of $68.88, for a total transaction of $1,000,137.60. Following the sale, the director directly owned 214,960 shares of the company’s stock, valued at approximately $14,806,444.80. This trade represents a 6.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

J Danforth Quayle also recently made the following trade(s):

• On Friday, August 14th, J Quayle sold 14,525 shares of Carvana stock. The shares were sold at an average price of $75.00, for a total value of $1,089,375.00.

Carvana Stock Down 6.9%

Shares of NYSE CVNA opened at $72.18 on Friday. The stock has a fifty day moving average price of $65.82 and a 200 day moving average price of $69.03. The company has a current ratio of 4.05, a quick ratio of 2.43 and a debt-to-equity ratio of 0.86. Carvana Co. has a 12-month low of $54.46 and a 12-month high of $97.38. The company has a market cap of $79.44 billion, a P/E ratio of 38.94, a P/E/G ratio of 1.99 and a beta of 3.66.

Carvana (NYSE:CVNA) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.05). Carvana had a return on equity of 34.77% and a net margin of 6.21%. The company had revenue of $8.04 billion for the quarter, compared to analyst estimates of $7.71 billion. During the same quarter in the prior year, the firm earned $1.03 EPS. The company’s revenue for the quarter was up 42.4% compared to the same quarter last year. Research analysts anticipate that Carvana Co. will post 1.59 EPS for the current fiscal year.

Institutional Trading of Carvana

Several large investors have recently modified their holdings of the business. Saudi Central Bank raised its position in shares of Carvana by 806.1% in the 2nd quarter. Saudi Central Bank now owns 45,043 shares of the company’s stock valued at $2,965,000 after purchasing an additional 40,072 shares in the last quarter. WINTON GROUP Ltd purchased a new position in shares of Carvana during the 2nd quarter valued at approximately $23,046,000. Parkwood LLC boosted its stake in shares of Carvana by 3,147.7% during the 2nd quarter. Parkwood LLC now owns 139,000 shares of the company’s stock valued at $9,149,000 after buying an additional 134,720 shares during the last quarter. Fund 1 Investments LLC acquired a new stake in shares of Carvana during the second quarter worth approximately $3,126,000. Finally, Swiss National Bank grew its position in shares of Carvana by 9.9% during the first quarter. Swiss National Bank now owns 395,180 shares of the company’s stock worth $124,237,000 after buying an additional 35,720 shares in the last quarter. 56.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on CVNA shares. Zacks Research downgraded Carvana from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $85.00 price target on shares of Carvana in a report on Thursday, October 29th. Hovde Group increased their price objective on shares of Carvana from $39.50 to $48.00 and gave the company a “market perform” rating in a research report on Tuesday, August 4th. Royal Bank Of Canada set a $82.00 price objective on shares of Carvana and gave the company an “outperform” rating in a research report on Thursday, July 30th. Finally, Bank of America reissued a “neutral” rating on shares of Carvana in a research report on Thursday, October 29th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $82.09.

About Carvana

Carvana Co (NYSE: CVNA) is an online automotive retailer that sells used vehicles through its digital platform. Customers can browse vehicles, review detailed descriptions and vehicle history information, arrange financing, complete transactions online and choose home delivery or pickup at a Carvana location.

The company also provides vehicle trade-in services and offers related products, including vehicle protection plans and other automotive services. Carvana is known for its automated, glass-enclosed vehicle vending machines, which provide an alternative pickup experience in select markets.

Founded in 2012 and headquartered in Tempe, Arizona, Carvana began operations as an online used-car retailer in 2013 and went public in 2017.