Carvana Co (NYSE:CVNA) major shareholder Ernest C. Garcia II sold 107,870 shares of Carvana stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $60.17, for a total value of $6,490,537.90. Following the sale, the insider now directly owns 52,937,458 shares in the company, valued at $3,185,246,847.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Shares of CVNA opened at $62.95 on Thursday. The stock has a market cap of $8.81 billion, a price-to-earnings ratio of -36.39 and a beta of 2.38. The company has a debt-to-equity ratio of 1.87, a current ratio of 2.01 and a quick ratio of 0.76. Carvana Co has a 12 month low of $22.31 and a 12 month high of $72.59.

Carvana (NYSE:CVNA) last announced its quarterly earnings results on Wednesday, February 27th. The company reported ($0.55) EPS for the quarter, missing analysts’ consensus estimates of ($0.47) by ($0.08). The business had revenue of $584.80 million for the quarter, compared to the consensus estimate of $601.14 million. Carvana had a negative return on equity of 21.06% and a negative net margin of 3.16%. The firm’s revenue for the quarter was up 120.6% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.36) EPS. As a group, sell-side analysts anticipate that Carvana Co will post -1.71 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in CVNA. HAP Trading LLC bought a new position in shares of Carvana in the fourth quarter valued at approximately $5,549,000. Credit Suisse AG bought a new position in shares of Carvana in the third quarter valued at approximately $201,000. BlackRock Inc. raised its stake in shares of Carvana by 13.0% in the third quarter. BlackRock Inc. now owns 2,099,988 shares of the company’s stock valued at $124,088,000 after acquiring an additional 241,002 shares during the last quarter. First Mercantile Trust Co. raised its stake in shares of Carvana by 34.1% in the fourth quarter. First Mercantile Trust Co. now owns 3,061 shares of the company’s stock valued at $100,000 after acquiring an additional 779 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in shares of Carvana in the third quarter valued at approximately $216,000. Hedge funds and other institutional investors own 34.60% of the company’s stock.

A number of research firms recently weighed in on CVNA. Barrington Research downgraded Carvana from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 3rd. Robert W. Baird raised their price target on shares of Carvana from $58.00 to $65.00 and gave the stock an “outperform” rating in a research note on Monday, March 25th. Zacks Investment Research upgraded shares of Carvana from a “sell” rating to a “hold” rating in a research note on Monday, March 18th. BMO Capital Markets raised their price target on shares of Carvana from $35.00 to $40.00 and gave the stock a “market perform” rating in a research note on Friday, March 1st. Finally, Wells Fargo & Co restated a “buy” rating and set a $57.00 price target on shares of Carvana in a research note on Thursday, February 28th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. Carvana has a consensus rating of “Hold” and an average target price of $54.73.

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Carvana Company Profile

Carvana Co, together with its subsidiaries, operates an e-commerce platform for buying used cars in the United States. The company purchases, reconditions, sells, and delivers vehicles. Its platform allows customers to research and identify a vehicle; inspect it using company's proprietary 360-degree vehicle imaging technology; obtain financing and warranty coverage; purchase the vehicle; and schedule delivery or pick-up.

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Insider Buying and Selling by Quarter for Carvana (NYSE:CVNA)

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