Carvana (NYSE:CVNA) COO Sells $4,019,400.00 in Stock

Carvana Co. (NYSE:CVNA) COO Benjamin Huston sold 10,000 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $401.94, for a total transaction of $4,019,400.00. Following the sale, the chief operating officer owned 99,871 shares of the company’s stock, valued at approximately $40,142,149.74. The trade was a 9.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Carvana Trading Up 7.5%

NYSE:CVNA traded up $30.18 on Monday, hitting $430.43. The stock had a trading volume of 4,176,909 shares, compared to its average volume of 4,436,727. The company has a fifty day moving average price of $380.68 and a two-hundred day moving average price of $363.32. Carvana Co. has a 1-year low of $148.25 and a 1-year high of $485.33. 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 cap of $93.64 billion, a price-to-earnings ratio of 98.27, a PEG ratio of 0.95 and a beta of 3.54.

Carvana (NYSE:CVNA) last released 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 net margin of 3.44% and a return on equity of 30.62%. The firm had revenue of $5.65 billion for the quarter, compared to analysts’ expectations of $5.04 billion. During the same period in the previous year, the firm posted $0.64 EPS. The firm’s quarterly revenue was up 54.5% compared to the same quarter last year. Equities research analysts expect that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $500.00 target price on shares of Carvana in a report on Monday, November 17th. Weiss Ratings restated a “hold (c)” rating on shares of Carvana in a research report on Monday, December 29th. Jefferies Financial Group boosted their price objective on Carvana from $475.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, December 11th. BTIG Research reissued a “buy” rating and set a $450.00 target price on shares of Carvana in a research note on Friday, December 19th. Finally, UBS Group initiated coverage on Carvana in a research report on Monday, December 1st. They issued a “buy” rating and a $450.00 target price for the company. Nineteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $451.14.

Hedge Funds Weigh In On Carvana

Several hedge funds and other institutional investors have recently made changes to their positions in CVNA. Park Avenue Securities LLC increased its stake in shares of Carvana by 5.0% during the fourth quarter. Park Avenue Securities LLC now owns 6,376 shares of the company’s stock worth $2,691,000 after buying an additional 306 shares during the period. GAMMA Investing LLC lifted its stake in Carvana by 34.6% in the fourth quarter. GAMMA Investing LLC now owns 1,421 shares of the company’s stock worth $600,000 after acquiring an additional 365 shares during the last quarter. Sherman Porfolios LLC acquired a new stake in shares of Carvana in the 3rd quarter valued at $225,000. Keel Point LLC lifted its position in shares of Carvana by 11.8% during the 3rd quarter. Keel Point LLC now owns 860 shares of the company’s stock worth $324,000 after purchasing an additional 91 shares during the last quarter. Finally, Hudson Bay Capital Management LP grew its stake in shares of Carvana by 201.5% during the third quarter. Hudson Bay Capital Management LP now owns 49,688 shares of the company’s stock worth $18,744,000 after purchasing an additional 33,210 shares in the last quarter. Hedge funds and other institutional investors own 56.71% of the company’s stock.

About Carvana

Carvana Co is an online-only retailer of used vehicles that operates a consumer-facing e-commerce platform for buying and selling cars. The company markets and sells inspected, reconditioned pre-owned vehicles through its website, where shoppers can browse inventory, view detailed 360-degree photos and vehicle history reports, finance purchases, and arrange delivery or pickup. Carvana’s model is built around a digital end-to-end car buying experience that aims to simplify vehicle transactions compared with traditional dealerships.

Its products and services include direct retail sales of used cars, trade-in and purchase offers for consumer vehicles, vehicle financing and related protection products, and a seven-day return policy that allows customers to test a vehicle in everyday use.