Carvana Co. (NYSE:CVNA – Get Free Report) major shareholder Ernest C. Garcia II sold 75,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $125.43, for a total value of $9,407,250.00. Following the completion of the sale, the insider now owns 2,917,500 shares of the company’s stock, valued at approximately $365,942,025. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Carvana Price Performance
NYSE CVNA traded down $2.27 during mid-day trading on Wednesday, reaching $114.39. The stock had a trading volume of 3,649,464 shares, compared to its average volume of 6,279,654. The stock has a market cap of $23.10 billion, a PE ratio of 51.17 and a beta of 3.28. Carvana Co. has a 1 year low of $10.16 and a 1 year high of $129.00. The company has a fifty day moving average price of $83.59 and a 200 day moving average price of $57.44.
Carvana (NYSE:CVNA – Get Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The company reported ($1.00) earnings per share for the quarter, missing the consensus estimate of ($0.95) by ($0.05). The firm had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same period in the prior year, the company earned ($0.97) EPS. Carvana’s revenue was down 14.6% on a year-over-year basis. As a group, equities research analysts expect that Carvana Co. will post -3.05 earnings per share for the current year.
Analyst Upgrades and Downgrades
View Our Latest Report on CVNA
Institutional Trading of Carvana
Institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. purchased a new stake in Carvana in the fourth quarter worth approximately $29,000. Hanseatic Management Services Inc. bought a new stake in shares of Carvana in the third quarter worth $34,000. Parallel Advisors LLC increased its position in Carvana by 39.0% during the fourth quarter. Parallel Advisors LLC now owns 692 shares of the company’s stock valued at $37,000 after acquiring an additional 194 shares during the last quarter. Harvest Fund Management Co. Ltd increased its position in Carvana by 1,225.6% during the third quarter. Harvest Fund Management Co. Ltd now owns 1,193 shares of the company’s stock valued at $50,000 after acquiring an additional 1,103 shares during the last quarter. Finally, Tidemark LLC bought a new position in Carvana in the fourth quarter valued at about $50,000. Hedge funds and other institutional investors own 56.71% of the company’s stock.
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.
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