Thomas Taira Sells 952 Shares of Carvana (NYSE:CVNA) Stock

Carvana Co. (NYSE:CVNA) insider Thomas Taira sold 952 shares of the stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $325.00, for a total value of $309,400.00. Following the completion of the transaction, the insider owned 116,507 shares in the company, valued at $37,864,775. This represents a 0.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Carvana Price Performance

NYSE CVNA opened at $319.04 on Friday. The company has a quick ratio of 2.55, a current ratio of 4.05 and a debt-to-equity ratio of 1.63. The stock has a market capitalization of $69.40 billion, a PE ratio of 72.84, a price-to-earnings-growth ratio of 1.19 and a beta of 3.50. Carvana Co. has a 12-month low of $148.25 and a 12-month high of $413.33. The company has a 50 day moving average price of $352.99 and a two-hundred day moving average price of $336.44.

Carvana (NYSE:CVNA) last announced its quarterly 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 analyst estimates of $5.04 billion. During the same quarter last year, the company earned $0.64 EPS. The business’s revenue for the quarter was up 54.5% compared to the same quarter last year. As a group, equities analysts predict that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Carvana

Several hedge funds have recently modified their holdings of the business. Hilltop National Bank bought a new position in Carvana during the second quarter worth $25,000. Brooklyn Investment Group grew its position in Carvana by 961.5% in the 1st quarter. Brooklyn Investment Group now owns 138 shares of the company’s stock worth $29,000 after purchasing an additional 125 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new stake in Carvana in the 1st quarter worth $33,000. ORG Partners LLC increased its holdings in shares of Carvana by 8,700.0% during the 3rd quarter. ORG Partners LLC now owns 88 shares of the company’s stock worth $33,000 after purchasing an additional 87 shares during the period. Finally, SJS Investment Consulting Inc. raised its position in shares of Carvana by 960.0% during the second quarter. SJS Investment Consulting Inc. now owns 106 shares of the company’s stock valued at $36,000 after buying an additional 96 shares during the last quarter. 56.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on CVNA. JPMorgan Chase & Co. boosted their price target on Carvana from $425.00 to $490.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 21st. DA Davidson set a $360.00 target price on Carvana in a report on Thursday, October 30th. Barclays assumed coverage on Carvana in a research report on Tuesday. They set an “overweight” rating and a $390.00 target price for the company. Wells Fargo & Company lifted their price target on shares of Carvana from $390.00 to $425.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Finally, William Blair restated an “outperform” rating on shares of Carvana in a research note on Wednesday, July 23rd. Fifteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Carvana presently has an average rating of “Moderate Buy” and an average price target of $414.16.

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.