Carvana (NYSE:CVNA) Insider Sells $5,970,000.00 in Stock

Carvana Co. (NYSE:CVNA) insider Paul Breaux sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $398.00, for a total transaction of $5,970,000.00. Following the sale, the insider directly owned 81,716 shares of the company’s stock, valued at approximately $32,522,968. This trade represents a 15.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Carvana Stock Down 4.6%

Carvana stock opened at $376.56 on Friday. The company has a market capitalization of $81.04 billion, a PE ratio of 94.38, a PEG ratio of 1.29 and a beta of 3.55. Carvana Co. has a 12-month low of $148.25 and a 12-month high of $413.33. The firm’s fifty day moving average is $364.64 and its 200 day moving average is $309.02. The company has a quick ratio of 2.58, a current ratio of 4.00 and a debt-to-equity ratio of 2.51.

Carvana (NYSE:CVNA) last issued its earnings results on Wednesday, July 30th. The company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.19. The business had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.54 billion. Carvana had a net margin of 3.46% and a return on equity of 40.57%. Carvana’s revenue was up 41.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.05) earnings per share. As a group, sell-side analysts predict that Carvana Co. will post 2.85 EPS for the current fiscal year.

Institutional Trading of Carvana

Several hedge funds have recently bought and sold shares of CVNA. Warren Street Wealth Advisors LLC grew its holdings in shares of Carvana by 2.8% during the second 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 lifted its position in 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 buying an additional 31 shares during the last quarter. Gilder Gagnon Howe & Co. LLC lifted its position in Carvana by 1.7% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 1,846 shares of the company’s stock worth $622,000 after buying an additional 31 shares during the last quarter. Yousif Capital Management LLC grew its stake in shares of Carvana by 4.1% in the first quarter. Yousif Capital Management LLC now owns 1,266 shares of the company’s stock worth $265,000 after acquiring an additional 50 shares during the last quarter. Finally, Kingsview Wealth Management LLC grew its stake in shares of Carvana by 1.2% in the second quarter. Kingsview Wealth Management LLC now owns 4,611 shares of the company’s stock worth $1,554,000 after acquiring an additional 53 shares during the last quarter. Institutional investors and hedge funds own 56.71% of the company’s stock.

Wall Street Analysts Forecast Growth

CVNA has been the topic of several research analyst reports. Needham & Company LLC increased their target price on shares of Carvana from $340.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. William Blair reissued an “outperform” rating on shares of Carvana in a research note on Wednesday, July 23rd. Royal Bank Of Canada increased their target price on shares of Carvana from $400.00 to $460.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. DA Davidson lifted their price target on shares of Carvana from $260.00 to $380.00 and gave the company a “neutral” rating in a research report on Thursday, July 31st. Finally, Gordon Haskett started coverage on shares of Carvana in a research report on Monday, July 14th. They issued a “hold” rating and a $329.00 price target for the company. Thirteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Carvana has an average rating of “Moderate Buy” and a consensus price target of $404.94.

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.