Insider Selling: Carvana (NYSE:CVNA) Insider Sells 1,527 Shares of Stock

Carvana Co. (NYSE:CVNA) insider Paul Breaux sold 1,527 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $475.00, for a total transaction of $725,325.00. Following the transaction, the insider owned 69,289 shares of the company’s stock, valued at $32,912,275. This trade represents a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Carvana Price Performance

Shares of Carvana stock traded down $16.78 during trading on Friday, hitting $455.95. The stock had a trading volume of 6,195,099 shares, compared to its average volume of 3,844,552. The firm has a market cap of $99.19 billion, a price-to-earnings ratio of 104.10, a P/E/G ratio of 1.69 and a beta of 3.51. Carvana Co. has a 12 month low of $148.25 and a 12 month high of $485.33. The business’s 50-day moving average is $352.24 and its 200 day moving average is $349.87. The company has a current ratio of 4.05, a quick ratio of 2.55 and a debt-to-equity ratio of 1.63.

Carvana (NYSE:CVNA) last posted its earnings results on Wednesday, October 29th. The company reported $1.03 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $5.04 billion. During the same quarter in the previous year, the firm earned $0.64 earnings per share. Carvana’s quarterly revenue was up 54.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Carvana Co. will post 2.85 earnings per share for the current year.

Institutional Trading of Carvana

Several institutional investors have recently added to or reduced their stakes in CVNA. Price T Rowe Associates Inc. MD lifted its stake in shares of Carvana by 13.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,950,011 shares of the company’s stock valued at $3,125,749,000 after acquiring an additional 1,823,218 shares during the last quarter. Vanguard Group Inc. increased its stake in Carvana by 5.4% in the 3rd quarter. Vanguard Group Inc. now owns 13,454,986 shares of the company’s stock worth $5,075,759,000 after purchasing an additional 690,756 shares during the period. Capital Research Global Investors increased its stake in Carvana by 0.5% in the 3rd quarter. Capital Research Global Investors now owns 3,989,809 shares of the company’s stock worth $1,505,186,000 after purchasing an additional 18,631 shares during the period. State Street Corp lifted its position in Carvana by 6.7% in the third quarter. State Street Corp now owns 2,950,020 shares of the company’s stock valued at $1,112,866,000 after purchasing an additional 184,974 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Carvana by 11.0% during the second quarter. Geode Capital Management LLC now owns 2,232,179 shares of the company’s stock valued at $750,301,000 after purchasing an additional 221,161 shares during the period. 56.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Carvana in a research note on Friday, November 21st. They issued a “buy” rating and a $395.00 target price on the stock. BTIG Research restated a “buy” rating and set a $450.00 price objective on shares of Carvana in a research report on Thursday, October 30th. Citigroup lifted their price objective on shares of Carvana from $445.00 to $550.00 and gave the stock a “buy” rating in a report on Friday. Zacks Research cut Carvana from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Finally, DA Davidson set a $360.00 price target on Carvana in a research report on Thursday, October 30th. Eighteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Carvana currently has an average rating of “Moderate Buy” and a consensus target price of $438.76.

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.