2014 Fidel Family Trust Dated Sells 1,101,624 Shares of Carvana Co (CVNA) Stock
Carvana Co (NYSE:CVNA) major shareholder 2014 Fidel Family Trust Dated sold 1,101,624 shares of Carvana stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $22.65, for a total value of $24,951,783.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of Carvana Co (NYSE CVNA) opened at $20.99 on Thursday. The company has a current ratio of 1.50, a quick ratio of 0.71 and a debt-to-equity ratio of 0.07. Carvana Co has a 1 year low of $8.14 and a 1 year high of $24.89.
Carvana (NYSE:CVNA) last released its quarterly earnings data on Tuesday, November 7th. The company reported ($0.29) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.30) by $0.01. Carvana had a negative net margin of 11.81% and a negative return on equity of 153.67%. The business had revenue of $225.40 million during the quarter, compared to analysts’ expectations of $243.61 million. equities research analysts forecast that Carvana Co will post -1.2 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. 683 Capital Management LLC bought a new stake in shares of Carvana in the 3rd quarter valued at $2,936,000. Sylebra HK Co Ltd boosted its stake in Carvana by 184.4% in the 3rd quarter. Sylebra HK Co Ltd now owns 1,302,420 shares of the company’s stock worth $19,120,000 after purchasing an additional 844,516 shares during the period. Cubist Systematic Strategies LLC boosted its stake in Carvana by 102.6% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 25,576 shares of the company’s stock worth $375,000 after purchasing an additional 12,955 shares during the period. Goodnow Investment Group LLC boosted its stake in Carvana by 45.0% in the 3rd quarter. Goodnow Investment Group LLC now owns 829,142 shares of the company’s stock worth $12,172,000 after purchasing an additional 257,297 shares during the period. Finally, Formula Growth Ltd. boosted its stake in Carvana by 75.0% in the 3rd quarter. Formula Growth Ltd. now owns 35,000 shares of the company’s stock worth $514,000 after purchasing an additional 15,000 shares during the period. Institutional investors and hedge funds own 15.18% of the company’s stock.
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Carvana Company Profile
Carvana Co is an e-commerce platform for buying used cars. On the Company’s platform, consumers can research and identify a vehicle, inspect it using its proprietary 360-degree vehicle imaging technology, obtain financing and warranty coverage, purchase the vehicle and schedule delivery or pick-up, all from their desktop or mobile devices.
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