Thomas Taira Sells 30,952 Shares of Carvana (NYSE:CVNA) Stock

Carvana Co. (NYSE:CVNA) insider Thomas Taira sold 30,952 shares of the stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $435.96, for a total transaction of $13,493,833.92. Following the completion of the sale, the insider directly owned 69,880 shares of the company’s stock, valued at approximately $30,464,884.80. This trade represents a 30.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, December 3rd, Thomas Taira sold 25,000 shares of Carvana stock. The shares were sold at an average price of $400.00, for a total transaction of $10,000,000.00.
• On Friday, November 28th, Thomas Taira sold 10,000 shares of Carvana stock. The stock was sold at an average price of $375.01, for a total value of $3,750,100.00.
• 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 Trading Up 2.6%

NYSE:CVNA traded up $11.82 on Wednesday, reaching $468.15. The company’s stock had a trading volume of 4,910,028 shares, compared to its average volume of 3,833,348. Carvana Co. has a 12-month low of $148.25 and a 12-month high of $474.31. The stock has a 50 day moving average price of $349.22 and a 200 day moving average price of $348.17. The firm has a market cap of $101.84 billion, a price-to-earnings ratio of 106.88, a price-to-earnings-growth ratio of 1.62 and a beta of 3.51. The company has a quick ratio of 2.55, a current ratio of 4.05 and a debt-to-equity ratio of 1.63.

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Wall Street Zen cut shares of Carvana from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. DA Davidson set a $360.00 target price on shares of Carvana in a report on Thursday, October 30th. Morgan Stanley set a $450.00 target price on Carvana in a research report on Monday, October 20th. UBS Group initiated coverage on Carvana in a research report on Monday, December 1st. They set a “buy” rating and a $450.00 price target for the company. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Carvana in a report on Monday, December 1st. Eighteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Carvana presently has a consensus rating of “Moderate Buy” and a consensus price target of $430.19.

Institutional Investors Weigh In On Carvana

A number of hedge funds have recently bought and sold shares of CVNA. Los Angeles Capital Management LLC increased its stake in shares of Carvana by 1,950.7% during the second quarter. Los Angeles Capital Management LLC now owns 111,190 shares of the company’s stock worth $37,467,000 after buying an additional 105,768 shares during the period. Berkshire Capital Holdings Inc. increased its position in shares of Carvana by 632,200.0% in the 1st quarter. Berkshire Capital Holdings Inc. now owns 63,230 shares of the company’s stock valued at $13,220,000 after purchasing an additional 63,220 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Carvana by 6.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 490,874 shares of the company’s stock valued at $102,632,000 after purchasing an additional 27,912 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Carvana in the 2nd quarter valued at $183,102,000. Finally, Cresset Asset Management LLC lifted its position in shares of Carvana by 32.2% during the 1st quarter. Cresset Asset Management LLC now owns 3,347 shares of the company’s stock worth $700,000 after purchasing an additional 816 shares during the last quarter. 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.