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 research analysts have recently commented on the company. Zacks Investment Research raised Carvana from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Monday, October 16th. Robert W. Baird reissued a “buy” rating and issued a $17.00 target price on shares of Carvana in a report on Monday, November 20th. Deutsche Bank downgraded Carvana from a “buy” rating to a “hold” rating and boosted their target price for the stock from $22.00 to $23.50 in a report on Friday, December 8th. Barrington Research started coverage on Carvana in a report on Friday, October 27th. They set a “market perform” rating on the stock. Finally, Wedbush reaffirmed a “neutral” rating and set a $14.00 price objective (down previously from $20.00) on shares of Carvana in a report on Wednesday, November 8th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $19.88.

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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