Ryan Keeton Sells 10,000 Shares of Carvana (NYSE:CVNA) Stock

Carvana Co. (NYSE:CVNA) insider Ryan Keeton sold 10,000 shares of the company’s stock in a transaction on Friday, November 28th. The shares were sold at an average price of $375.04, for a total value of $3,750,400.00. Following the completion of the sale, the insider owned 84,958 shares in the company, valued at $31,862,648.32. This trade represents a 10.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Carvana Price Performance

Shares of NYSE CVNA traded up $7.31 during midday trading on Tuesday, reaching $382.57. 2,870,243 shares of the company traded hands, compared to its average volume of 2,909,360. The stock’s 50-day simple moving average is $344.86 and its 200-day simple moving average is $343.41. The company has a debt-to-equity ratio of 1.63, a quick ratio of 2.55 and a current ratio of 4.05. Carvana Co. has a 12 month low of $148.25 and a 12 month high of $413.33. The firm has a market cap of $83.22 billion, a PE ratio of 85.68, a PEG ratio of 1.36 and a beta of 3.51.

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

Analysts Set New Price Targets

CVNA has been the topic of a number of research reports. Wedbush upgraded shares of Carvana from a “neutral” rating to an “outperform” rating and upped their target price for the company from $380.00 to $400.00 in a research report on Monday, November 24th. Jefferies Financial Group restated a “buy” rating on shares of Carvana in a report on Tuesday, November 25th. Evercore ISI lowered their target price on shares of Carvana from $425.00 to $395.00 and set an “in-line” rating for the company in a report on Thursday, October 30th. DA Davidson set a $360.00 price target on Carvana in a research note on Thursday, October 30th. Finally, Morgan Stanley set a $450.00 price objective on Carvana in a research note on Monday, October 20th. Eighteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Carvana presently has a consensus rating of “Moderate Buy” and a consensus price target of $422.10.

Institutional Trading of Carvana

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

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.