Carvana (NYSE:CVNA) COO Sells $3,427,500.00 in Stock

Carvana Co. (NYSE:CVNA) COO Benjamin Huston sold 50,000 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $68.55, for a total value of $3,427,500.00. Following the completion of the sale, the chief operating officer owned 458,755 shares of the company’s stock, valued at approximately $31,447,655.25. This trade represents a 9.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Carvana Price Performance

Shares of NYSE CVNA opened at $68.71 on Friday. Carvana Co. has a fifty-two week low of $54.46 and a fifty-two week high of $97.38. The company has a market cap of $75.36 billion, a PE ratio of 41.80, a P/E/G ratio of 11.58 and a beta of 3.46. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.57 and a current ratio of 4.09. The business has a 50-day simple moving average of $70.21 and a two-hundred day simple moving average of $73.77.

Carvana (NYSE:CVNA) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $1.37. The firm had revenue of $6.43 billion for the quarter, compared to the consensus estimate of $6.12 billion. Carvana had a net margin of 6.40% and a return on equity of 41.46%. As a group, equities analysts expect that Carvana Co. will post 1.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CVNA shares. Argus cut their price target on shares of Carvana from $500.00 to $100.00 in a research note on Monday, May 11th. Barclays set a $93.00 price objective on shares of Carvana and gave the company an “overweight” rating in a report on Thursday, May 14th. Zacks Research raised Carvana from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. UBS Group restated a “buy” rating and issued a $104.00 target price (up from $97.00) on shares of Carvana in a research note on Thursday, April 30th. Finally, DA Davidson raised their target price on Carvana from $64.00 to $67.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $93.14.

Hedge Funds Weigh In On Carvana

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Carvana by 24.7% during the 4th quarter. Vanguard Group Inc. now owns 16,783,101 shares of the company’s stock valued at $7,082,804,000 after acquiring an additional 3,328,115 shares during the period. State Street Corp increased its stake in shares of Carvana by 93.7% in the fourth quarter. State Street Corp now owns 5,714,779 shares of the company’s stock worth $2,411,751,000 after acquiring an additional 2,764,759 shares during the period. Capital Research Global Investors increased its stake in shares of Carvana by 42.9% in the fourth quarter. Capital Research Global Investors now owns 5,700,953 shares of the company’s stock worth $2,405,959,000 after acquiring an additional 1,711,144 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Carvana by 8.6% during the fourth 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 last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Carvana by 55.4% during the fourth quarter. Geode Capital Management LLC now owns 3,880,711 shares of the company’s stock worth $1,632,763,000 after purchasing an additional 1,382,852 shares during the last quarter. 56.71% of the stock is owned by hedge funds and other institutional investors.

Key Carvana News

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Commentary highlighted Carvana’s increased advertising spend as a key growth engine, with the company trying to build awareness and trust in the online used-car market. That could support longer-term revenue growth if marketing translates into more customers. Why Does Carvana See Advertising as a Crucial Growth Engine?
• Positive Sentiment: Analyst and investor commentary pointed to Carvana’s efforts to expand its business model, including testing a new-vehicle retail concept in Dallas that keeps purchases online. That suggests management is still looking for ways to widen its addressable market. Is Carvana Co. (CVNA) Among the Best Fundamentally Strong Stocks to Buy for Long Term?
• Neutral Sentiment: Several articles focused on whether Carvana’s sharp year-to-date decline could set up a rebound. This reflects a valuation and sentiment debate rather than a clear new catalyst. Down 19% YTD, is Carvana (CVNA) due for a bounce back?
• Neutral Sentiment: Recurve Capital said Carvana was a major drag on its portfolio, noting the stock fell in June and remained down sharply year to date. That underscores weak recent momentum, but it is more of a performance recap than a new business development. Recurve Capital’s Analysis on Carvana (CVNA)
• Negative Sentiment: Multiple insiders sold shares, including the VP, COO, and CFO, with the largest sale coming from the COO. Even though the trades were made under pre-arranged 10b5-1 plans, insider selling can still weigh on sentiment. Insider Selling: Carvana (NYSE:CVNA) VP Sells $342,650.00 in Stock
• Negative Sentiment: Coverage also noted that Carvana is still trading below recent moving averages and remains volatile, which may reinforce caution among traders despite its strong recent earnings beat. Carvana stock and company overview

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.