Carvana (NYSE:CVNA) Insider Thomas Taira Sells 10,000 Shares

Carvana Co. (NYSE:CVNA) insider Thomas Taira sold 10,000 shares of Carvana stock in a transaction on Friday, November 28th. The shares were sold at an average price of $375.01, for a total transaction of $3,750,100.00. Following the sale, the insider directly owned 106,507 shares of the company’s stock, valued at $39,941,190.07. This trade represents a 8.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Thomas Taira also recently made the following trade(s):

• On Monday, November 10th, Thomas Taira sold 952 shares of Carvana stock. The stock was sold at an average price of $325.00, for a total value of $309,400.00.

Carvana Price Performance

CVNA opened at $382.57 on Wednesday. Carvana Co. has a 1 year low of $148.25 and a 1 year high of $413.33. The stock has a fifty day moving average price of $344.95 and a 200 day moving average price of $344.00. The company has a current ratio of 4.05, a quick ratio of 2.55 and a debt-to-equity ratio of 1.63. The stock has a market cap of $83.22 billion, a price-to-earnings ratio of 87.34, a PEG ratio of 1.36 and a beta of 3.51.

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

Wall Street Analyst Weigh In

CVNA has been the subject of several recent research reports. Jefferies Financial Group reissued a “buy” rating on shares of Carvana in a research report on Tuesday, November 25th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $460.00 price objective on shares of Carvana in a report on Thursday, October 30th. DA Davidson set a $360.00 target price on shares of Carvana in a research report on Thursday, October 30th. Morgan Stanley set a $450.00 price target on Carvana in a research report on Monday, October 20th. Finally, Stephens reiterated an “overweight” rating and set a $440.00 price target on shares of Carvana in a research note on Tuesday, September 23rd. Eighteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $422.10.

Institutional Trading of Carvana

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hilltop National Bank acquired a new position in shares of Carvana during the second quarter worth approximately $25,000. Brooklyn Investment Group grew its stake in shares of Carvana by 961.5% in the first quarter. Brooklyn Investment Group now owns 138 shares of the company’s stock worth $29,000 after acquiring an additional 125 shares during the last quarter. ORG Partners LLC increased its position in Carvana by 8,700.0% during the third quarter. ORG Partners LLC now owns 88 shares of the company’s stock worth $33,000 after acquiring an additional 87 shares during the period. SJS Investment Consulting Inc. raised its stake in Carvana by 960.0% during the 2nd quarter. SJS Investment Consulting Inc. now owns 106 shares of the company’s stock valued at $36,000 after purchasing an additional 96 shares during the last quarter. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in Carvana in the 3rd quarter valued at $38,000. Institutional investors and hedge funds own 56.71% of the company’s stock.

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.