Carvana Co (NYSE:CVNA) COO Benjamin E. Huston sold 13,000 shares of Carvana stock in a transaction dated Friday, November 9th. The shares were sold at an average price of $50.07, for a total value of $650,910.00. Following the sale, the chief operating officer now owns 26,233 shares of the company’s stock, valued at $1,313,486.31. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of CVNA stock opened at $47.85 on Friday. Carvana Co has a 12 month low of $14.27 and a 12 month high of $72.59. The company has a market cap of $6.38 billion, a PE ratio of -39.55 and a beta of 2.13. The company has a debt-to-equity ratio of 1.55, a current ratio of 2.04 and a quick ratio of 1.30.

Carvana (NYSE:CVNA) last released its quarterly earnings data on Wednesday, November 7th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.03). Carvana had a negative net margin of 5.01% and a negative return on equity of 35.13%. The firm had revenue of $535.00 million for the quarter, compared to the consensus estimate of $509.09 million. During the same quarter in the prior year, the firm posted ($0.29) earnings per share. The business’s revenue for the quarter was up 137.8% on a year-over-year basis. Equities analysts anticipate that Carvana Co will post -1.61 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in the business. BlackRock Inc. grew its position in Carvana by 13.0% in the third quarter. BlackRock Inc. now owns 2,099,988 shares of the company’s stock valued at $124,088,000 after acquiring an additional 241,002 shares during the period. Sylebra HK Co Ltd grew its position in Carvana by 13.3% in the third quarter. Sylebra HK Co Ltd now owns 1,603,356 shares of the company’s stock valued at $94,742,000 after acquiring an additional 188,223 shares during the period. 683 Capital Management LLC grew its position in Carvana by 11.4% in the second quarter. 683 Capital Management LLC now owns 1,561,634 shares of the company’s stock valued at $64,964,000 after acquiring an additional 160,294 shares during the period. Point72 Asset Management L.P. grew its position in Carvana by 184.4% in the third quarter. Point72 Asset Management L.P. now owns 1,169,184 shares of the company’s stock valued at $69,087,000 after acquiring an additional 758,084 shares during the period. Finally, Frontier Capital Management Co. LLC bought a new stake in Carvana in the second quarter valued at $43,726,000. Hedge funds and other institutional investors own 25.85% of the company’s stock.

Several equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Carvana from a “sell” rating to a “hold” rating in a report on Tuesday. Barrington Research restated a “buy” rating on shares of Carvana in a report on Tuesday. JMP Securities boosted their target price on Carvana from $63.00 to $64.00 and gave the stock a “market outperform” rating in a report on Tuesday. Robert W. Baird boosted their target price on Carvana from $60.00 to $68.00 and gave the stock an “outperform” rating in a report on Thursday, November 8th. Finally, Bank of America boosted their target price on Carvana from $60.00 to $72.00 and gave the stock a “buy” rating in a report on Thursday, November 8th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $59.14.

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Carvana Company Profile

Carvana Co, together with its subsidiaries, operates an e-commerce platform for buying used cars in the United States. The company purchases, reconditions, sells, and delivers vehicles. Its platform allows customers to research and identify a vehicle; inspect it using company's proprietary 360-degree vehicle imaging technology; obtain financing and warranty coverage; purchase the vehicle; and schedule delivery or pick-up.

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