Carvana (NYSE:CVNA) Insider Thomas Taira Sells 952 Shares

Carvana Co. (NYSE:CVNA) insider Thomas Taira sold 952 shares of the company’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $325.00, for a total value of $309,400.00. Following the sale, the insider owned 116,507 shares in the company, valued at $37,864,775. The trade was a 0.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Carvana Stock Performance

NYSE CVNA opened at $327.74 on Thursday. The company has a current ratio of 4.05, a quick ratio of 2.55 and a debt-to-equity ratio of 1.63. The firm’s fifty day moving average price is $354.03 and its two-hundred day moving average price is $336.56. The firm has a market capitalization of $71.30 billion, a P/E ratio of 74.83, a price-to-earnings-growth ratio of 1.18 and a beta of 3.50. Carvana Co. has a 1 year low of $148.25 and a 1 year high of $413.33.

Carvana (NYSE:CVNA) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.26). Carvana had a return on equity of 30.62% and a net margin of 3.44%.The business had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.04 billion. During the same quarter in the previous year, the business posted $0.64 EPS. The company’s revenue for the quarter was up 54.5% on a year-over-year basis. As a group, research analysts anticipate that Carvana Co. will post 2.85 EPS for the current year.

Hedge Funds Weigh In On Carvana

Several large investors have recently added to or reduced their stakes in CVNA. SJS Investment Consulting Inc. boosted its position in shares of Carvana by 28.3% during the third quarter. SJS Investment Consulting Inc. now owns 136 shares of the company’s stock valued at $51,000 after buying an additional 30 shares during the last quarter. Warren Street Wealth Advisors LLC lifted its position in shares of Carvana by 2.8% during the 2nd quarter. Warren Street Wealth Advisors LLC now owns 1,153 shares of the company’s stock valued at $388,000 after buying an additional 31 shares during the last quarter. MAI Capital Management raised its stake in Carvana by 1.8% in the 2nd quarter. MAI Capital Management now owns 1,757 shares of the company’s stock valued at $592,000 after acquiring an additional 31 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Carvana by 23.1% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 165 shares of the company’s stock valued at $62,000 after buying an additional 31 shares in the last quarter. Finally, Gilder Gagnon Howe & Co. LLC boosted its holdings in shares of Carvana by 1.7% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 1,846 shares of the company’s stock worth $622,000 after acquiring an additional 31 shares during the period. Institutional investors own 56.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CVNA. Morgan Stanley set a $450.00 price target on Carvana in a research note on Monday, October 20th. Wall Street Zen downgraded Carvana from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. DA Davidson set a $360.00 target price on shares of Carvana in a research report on Thursday, October 30th. Stephens reiterated an “overweight” rating and set a $440.00 target price on shares of Carvana in a research report on Tuesday, September 23rd. Finally, Oppenheimer upgraded Carvana from a “market perform” rating to an “outperform” rating and set a $450.00 price target on the stock in a research report on Friday, July 25th. Fifteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $414.16.

About Carvana

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.