Carvana (NYSE:CVNA) Insider Thomas Taira Sells 5,597 Shares of Company Stock

Carvana Co. (NYSE:CVNA) insider Thomas Taira sold 5,597 shares of Carvana stock in a transaction on Monday, October 12th. The shares were sold at an average price of $65.00, for a total value of $363,805.00. Following the completion of the transaction, the insider owned 357,442 shares of the company’s stock, valued at approximately $23,233,730. The trade was a 1.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, September 14th, Thomas Taira sold 16,789 shares of Carvana stock. The stock was sold at an average price of $70.58, for a total value of $1,184,967.62.

Carvana Price Performance

Shares of CVNA stock opened at $60.45 on Wednesday. The stock’s fifty day moving average is $68.67 and its 200-day moving average is $68.62. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.33 and a current ratio of 3.93. The stock has a market capitalization of $66.52 billion, a PE ratio of 32.92, a PEG ratio of 1.72 and a beta of 3.55. Carvana Co. has a 52 week low of $54.46 and a 52 week high of $97.38.

Carvana (NYSE:CVNA) last announced its earnings results on Wednesday, July 29th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. Carvana had a return on equity of 37.06% and a net margin of 6.26%. The company had revenue of $7.38 billion during the quarter, compared to analyst estimates of $6.90 billion. During the same period last year, the company posted $1.51 earnings per share. The firm’s quarterly revenue was up 52.4% compared to the same quarter last year. Equities research analysts expect that Carvana Co. will post 1.67 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CVNA shares. Stephens reiterated an “overweight” rating and set a $83.00 target price (down from $91.50) on shares of Carvana in a research report on Tuesday, October 6th. Zacks Research cut shares of Carvana from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 15th. UBS Group reissued a “buy” rating and issued a $83.00 price target on shares of Carvana in a report on Friday, July 31st. Citizens Jmp dropped their price objective on shares of Carvana from $103.00 to $83.00 and set a “market outperform” rating for the company in a research report on Thursday, July 30th. Finally, Morgan Stanley set a $90.00 price objective on shares of Carvana and gave the stock an “overweight” rating in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, Carvana presently has a consensus rating of “Moderate Buy” and an average target price of $83.13.

Hedge Funds Weigh In On Carvana

Hedge funds have recently added to or reduced their stakes in the company. Motiv8 Investments LLC bought a new stake in shares of Carvana in the 4th quarter valued at $33,000. Ascentis Independent Advisors acquired a new stake in Carvana during the 1st quarter worth $26,000. Annis Gardner Whiting Capital Advisors LLC raised its stake in Carvana by 152.6% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 96 shares of the company’s stock worth $30,000 after buying an additional 58 shares during the period. Whipplewood Advisors LLC bought a new position in Carvana during the first quarter worth about $36,000. Finally, Leonteq Securities AG lifted its holdings in Carvana by 106.8% during the first quarter. Leonteq Securities AG now owns 122 shares of the company’s stock worth $38,000 after acquiring an additional 1,912 shares in the last quarter. Institutional investors own 56.71% of the company’s stock.

About Carvana

Carvana Co is an online used-car retailer that enables customers to research, purchase, finance, trade in and sell vehicles through its digital platform. The company’s services are designed to allow customers to complete much of the vehicle-buying process online, including selecting a vehicle, arranging financing, completing documentation and scheduling delivery or pickup.

Carvana offers a broad selection of used cars, trucks and sport utility vehicles. Its platform includes vehicle listings with photographs and inspection information, while its operations support vehicle reconditioning, logistics and customer delivery.