Carvana (NYSE:CVNA) Director J Danforth Quayle Sells 14,525 Shares

Carvana Co. (NYSE:CVNA) Director J Danforth Quayle sold 14,525 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $75.00, for a total transaction of $1,089,375.00. Following the sale, the director directly owned 214,960 shares of the company’s stock, valued at $16,122,000. The trade was a 6.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, June 10th, J Danforth Quayle sold 14,525 shares of Carvana stock. The stock was sold at an average price of $70.00, for a total transaction of $1,016,750.00.

Carvana Trading Down 7.2%

CVNA opened at $70.11 on Tuesday. Carvana Co. has a 12-month low of $54.46 and a 12-month high of $97.38. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.93 and a quick ratio of 2.33. The stock has a market capitalization of $77.15 billion, a PE ratio of 38.78, a P/E/G ratio of 2.75 and a beta of 3.46. The firm’s fifty day moving average price is $67.24 and its 200 day moving average price is $69.01.

Carvana (NYSE:CVNA) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.03. The company had revenue of $7.38 billion during the quarter, compared to analyst estimates of $6.90 billion. Carvana had a net margin of 6.26% and a return on equity of 37.06%. The firm’s revenue for the quarter was up 52.4% compared to the same quarter last year. During the same period last year, the business earned $1.51 EPS. As a group, research analysts expect that Carvana Co. will post 1.68 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. DA Davidson set a $67.00 price target on Carvana in a research note on Thursday, July 30th. JPMorgan Chase & Co. increased their target price on Carvana from $91.00 to $93.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Robert W. Baird set a $72.00 target price on Carvana in a research report on Thursday, July 30th. Weiss Ratings raised Carvana from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, August 5th. Finally, BTIG Research reduced their price objective on Carvana from $97.00 to $87.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Carvana has an average rating of “Moderate Buy” and a consensus price target of $84.14.

Institutional Investors Weigh In On Carvana

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Carvana by 24.7% in the fourth quarter. Vanguard Group Inc. now owns 16,783,101 shares of the company’s stock worth $7,082,804,000 after acquiring an additional 3,328,115 shares during the last quarter. State Street Corp grew its holdings in shares of Carvana by 93.7% during the fourth quarter. State Street Corp now owns 5,714,779 shares of the company’s stock valued at $2,411,751,000 after purchasing an additional 2,764,759 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of Carvana by 42.9% during the fourth quarter. Capital Research Global Investors now owns 5,700,953 shares of the company’s stock valued at $2,405,959,000 after purchasing an additional 1,711,144 shares during the last quarter. Bank of America Corp DE raised its position in shares of Carvana by 372.0% during the 2nd quarter. Bank of America Corp DE now owns 1,791,844 shares of the company’s stock worth $117,939,000 after purchasing an additional 1,412,188 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Carvana by 8.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,726,838 shares of the company’s stock worth $7,481,081,000 after purchasing an additional 1,407,762 shares during the period. Institutional investors and hedge funds own 56.71% of the company’s stock.

About Carvana

Carvana Co is an online-only retailer of used vehicles that operates a consumer-facing e-commerce platform for buying and selling cars. The company markets and sells inspected, reconditioned pre-owned vehicles through its website, where shoppers can browse inventory, view detailed 360-degree photos and vehicle history reports, finance purchases, and arrange delivery or pickup. Carvana’s model is built around a digital end-to-end car buying experience that aims to simplify vehicle transactions compared with traditional dealerships.

Its products and services include direct retail sales of used cars, trade-in and purchase offers for consumer vehicles, vehicle financing and related protection products, and a seven-day return policy that allows customers to test a vehicle in everyday use.