Ira Platt Sells 15,000 Shares of Carvana (NYSE:CVNA) Stock

Carvana Co. (NYSE:CVNA) Director Ira Platt sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $75.50, for a total transaction of $1,132,500.00. Following the completion of the transaction, the director owned 186,470 shares in the company, valued at approximately $14,078,485. This represents a 7.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Carvana Trading Down 7.5%

Shares of NYSE:CVNA opened at $64.85 on Wednesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.93 and a quick ratio of 2.33. Carvana Co. has a 1 year low of $54.46 and a 1 year high of $97.38. The company has a market cap of $71.37 billion, a P/E ratio of 35.87, a PEG ratio of 2.75 and a beta of 3.46. The stock’s fifty day moving average price is $67.14 and its 200-day moving average price is $68.79.

Carvana (NYSE:CVNA) last issued its earnings results on Wednesday, July 29th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.03. The company had revenue of $7.38 billion for the quarter, compared to analysts’ expectations of $6.90 billion. Carvana had a net margin of 6.26% and a return on equity of 37.06%. The firm’s quarterly revenue was up 52.4% on a year-over-year basis. During the same quarter last year, the company posted $1.51 earnings per share. Sell-side analysts expect that Carvana Co. will post 1.68 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CVNA. UBS Group reissued a “buy” rating and issued a $83.00 price objective on shares of Carvana in a research note on Friday, July 31st. Bank of America lifted their target price on shares of Carvana from $72.00 to $82.00 and gave the company a “neutral” rating in a research note on Tuesday, April 21st. JPMorgan Chase & Co. upped their target price on shares of Carvana from $91.00 to $93.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Citizens Jmp cut their price target on Carvana from $103.00 to $83.00 and set a “market outperform” rating for the company in a research note on Thursday, July 30th. Finally, Stephens raised their price target on Carvana from $86.00 to $97.00 in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Carvana currently has an average rating of “Moderate Buy” and an average price target of $84.14.

Hedge Funds Weigh In On Carvana

Several large investors have recently modified their holdings of CVNA. Royal Bank of Canada increased its stake in Carvana by 40.8% in the 1st quarter. Royal Bank of Canada now owns 29,867 shares of the company’s stock worth $6,243,000 after buying an additional 8,654 shares during the period. Geneos Wealth Management Inc. boosted its position in Carvana by 251.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 253 shares of the company’s stock valued at $53,000 after buying an additional 181 shares during the period. Cerity Partners LLC boosted its position in Carvana by 28.8% in the 2nd quarter. Cerity Partners LLC now owns 5,481 shares of the company’s stock valued at $1,847,000 after buying an additional 1,226 shares during the period. AXA S.A. grew its stake in Carvana by 340.7% in the 2nd quarter. AXA S.A. now owns 4,253 shares of the company’s stock worth $1,433,000 after acquiring an additional 3,288 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in Carvana by 9.1% in the 2nd quarter. NewEdge Advisors LLC now owns 9,893 shares of the company’s stock worth $3,334,000 after acquiring an additional 825 shares in the last quarter. Institutional investors own 56.71% of the company’s stock.

Carvana News Roundup

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Carvana’s latest quarter provided fundamental support: revenue rose 52.4% year over year to $7.38 billion, exceeding expectations of $6.90 billion, while EPS of $0.42 topped the $0.39 consensus. Analysts continue to see upside, with a consensus “Moderate Buy” rating and an average price target of $84.14. 3 Big Reasons to Love Carvana
• Positive Sentiment: Several firms remain bullish, including Needham, which reiterated a Buy rating and a $120 target, while Morgan Stanley, Barclays and Jefferies also maintain positive ratings despite some target-price reductions.
• Neutral Sentiment: The stock’s performance reflects a split view of Carvana’s business model: bulls point to its growth and improving profitability, while bears question whether the company’s valuation can be justified after its strong run and amid sustained volatility. Carvana Drops With Bulls and Bears Split
• Negative Sentiment: Options activity was unusually bearish, with traders purchasing 89,113 put contracts—about 48% above typical put volume—suggesting increased demand for downside protection or speculative bets against CVNA.
• Negative Sentiment: Director J. Danforth Quayle sold 14,525 shares for approximately $1.09 million, while director Ira J. Platt sold 15,000 shares for about $1.13 million. Quayle’s transaction was made under a pre-arranged Rule 10b5-1 plan, reducing its significance as a discretionary signal, but the sales can still weigh on sentiment. Carvana Insider Sale

Carvana Company Profile

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.