Carvana Co. (NYSE:CVNA) Director J Danforth Quayle Sells 11,614 Shares

Carvana Co. (NYSE:CVNA) Director J Danforth Quayle sold 11,614 shares of Carvana stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $304.24, for a total value of $3,533,443.36. Following the completion of the transaction, the director now owns 41,913 shares of the company’s stock, valued at approximately $12,751,611.12. This trade represents a 21.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Carvana Stock Down 2.5%

Shares of NYSE CVNA opened at $297.93 on Friday. The company has a market capitalization of $63.51 billion, a price-to-earnings ratio of 189.76 and a beta of 3.61. The company has a debt-to-equity ratio of 3.82, a current ratio of 3.64 and a quick ratio of 2.12. The business has a 50-day moving average of $218.17 and a two-hundred day moving average of $229.55. Carvana Co. has a 1 year low of $97.55 and a 1 year high of $311.88.

Carvana (NYSE:CVNA) last posted its earnings results on Wednesday, May 7th. The company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.76. Carvana had a return on equity of 36.59% and a net margin of 1.54%. The business had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $3.94 billion. During the same quarter in the previous year, the firm earned $0.23 earnings per share. The business’s revenue was up 38.3% compared to the same quarter last year. On average, analysts forecast that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Carvana

Several institutional investors have recently added to or reduced their stakes in CVNA. Price T Rowe Associates Inc. MD increased its position in Carvana by 13.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,950,011 shares of the company’s stock worth $3,125,749,000 after purchasing an additional 1,823,218 shares during the period. Vanguard Group Inc. increased its position in Carvana by 9.7% during the 1st quarter. Vanguard Group Inc. now owns 12,534,843 shares of the company’s stock worth $2,620,785,000 after purchasing an additional 1,109,476 shares during the period. Norges Bank acquired a new position in Carvana during the 4th quarter worth approximately $179,364,000. Castle Hook Partners LP acquired a new position in Carvana during the 4th quarter worth approximately $116,020,000. Finally, BNP Paribas Financial Markets increased its position in Carvana by 89.8% during the 4th quarter. BNP Paribas Financial Markets now owns 1,018,321 shares of the company’s stock worth $207,086,000 after purchasing an additional 481,912 shares during the period. Institutional investors and hedge funds own 56.71% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CVNA shares. Wells Fargo & Company raised their price target on Carvana from $290.00 to $310.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Morgan Stanley raised their price target on Carvana from $280.00 to $290.00 and gave the stock an “overweight” rating in a research note on Thursday. Needham & Company LLC reissued a “buy” rating and set a $340.00 price target on shares of Carvana in a research note on Thursday, May 8th. JMP Securities decreased their price target on Carvana from $340.00 to $275.00 and set a “market outperform” rating for the company in a research note on Wednesday, April 9th. Finally, DA Davidson raised their price target on Carvana from $220.00 to $260.00 and gave the stock a “neutral” rating in a research note on Thursday, February 20th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $269.18.

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.