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

Carvana Co. (NYSE:CVNA) insider Thomas Taira sold 5,597 shares of the firm’s stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $65.00, for a total value of $363,805.00. Following the completion of the sale, the insider directly owned 357,442 shares in the company, valued at approximately $23,233,730. This trade represents a 1.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 shares were sold at an average price of $70.58, for a total value of $1,184,967.62.

Carvana Stock Performance

CVNA stock traded up $0.94 during mid-day trading on Tuesday, reaching $60.45. The company had a trading volume of 9,319,033 shares, compared to its average volume of 13,209,336. Carvana Co. has a one year low of $54.46 and a one year high of $97.38. The stock has a market capitalization of $66.52 billion, a P/E ratio of 33.43, a P/E/G ratio of 1.84 and a beta of 3.55. The company has a quick ratio of 2.33, a current ratio of 3.93 and a debt-to-equity ratio of 0.94. The stock’s 50-day simple moving average is $68.82 and its two-hundred day simple moving average is $68.62.

Carvana (NYSE:CVNA) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.39 by $0.03. The business 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 company’s quarterly revenue was up 52.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.51 earnings per share. Research analysts anticipate that Carvana Co. will post 1.67 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ascentis Independent Advisors bought a new stake in Carvana during the first quarter worth approximately $26,000. Annis Gardner Whiting Capital Advisors LLC lifted its position in Carvana by 152.6% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 96 shares of the company’s stock worth $30,000 after purchasing an additional 58 shares during the period. Transamerica Financial Advisors LLC boosted its stake in Carvana by 558.0% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 454 shares of the company’s stock valued at $30,000 after purchasing an additional 385 shares in the last quarter. Motiv8 Investments LLC bought a new position in Carvana during the 4th quarter valued at $33,000. Finally, GoalVest Advisory LLC boosted its stake in Carvana by 400.0% during the 2nd quarter. GoalVest Advisory LLC now owns 500 shares of the company’s stock valued at $33,000 after purchasing an additional 400 shares in the last quarter. 56.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Citizens Jmp cut their target price on Carvana from $103.00 to $83.00 and set a “market outperform” rating on the stock in a research note on Thursday, July 30th. UBS Group reiterated a “buy” rating and set a $83.00 price target on shares of Carvana in a research report on Friday, July 31st. Morgan Stanley set a $90.00 price target on Carvana and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Jefferies Financial Group set a $88.00 price target on Carvana and gave the company a “buy” rating in a report on Tuesday, September 29th. Finally, Evercore set a $75.00 price target on Carvana in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.13.

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.