J Danforth Quayle Sells 14,525 Shares of Carvana (NYSE:CVNA) Stock

Carvana Co. (NYSE:CVNA) Director J Danforth Quayle sold 14,525 shares of the company’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $70.00, for a total value of $1,016,750.00. Following the sale, the director owned 214,960 shares in the company, valued at $15,047,200. The trade was a 6.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Carvana Stock Performance

CVNA opened at $64.09 on Friday. Carvana Co. has a 52-week low of $54.46 and a 52-week high of $97.38. The firm has a market capitalization of $70.30 billion, a PE ratio of 38.98, a PEG ratio of 11.45 and a beta of 3.45. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.57 and a current ratio of 4.09. The business’s 50-day simple moving average is $71.20 and its 200 day simple moving average is $75.23.

Carvana (NYSE:CVNA) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $1.37. The firm had revenue of $6.43 billion for the quarter, compared to the consensus estimate of $6.12 billion. Carvana had a return on equity of 41.46% and a net margin of 6.40%. As a group, sell-side analysts expect that Carvana Co. will post 1.58 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Carvana

Several institutional investors and hedge funds have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its position in shares of Carvana by 8.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,726,838 shares of the company’s stock valued at $7,481,081,000 after purchasing an additional 1,407,762 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Carvana by 24.7% in the fourth quarter. Vanguard Group Inc. now owns 16,783,101 shares of the company’s stock valued at $7,082,804,000 after purchasing an additional 3,328,115 shares during the last quarter. State Street Corp grew its position in shares of Carvana by 93.7% in the fourth quarter. State Street Corp now owns 5,714,779 shares of the company’s stock valued at $2,411,751,000 after purchasing an additional 2,764,759 shares during the last quarter. Capital Research Global Investors grew its position in shares of Carvana by 42.9% in the fourth quarter. Capital Research Global Investors now owns 5,700,953 shares of the company’s stock valued at $2,405,959,000 after purchasing an additional 1,711,144 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Carvana by 55.4% in the fourth quarter. Geode Capital Management LLC now owns 3,880,711 shares of the company’s stock valued at $1,632,763,000 after purchasing an additional 1,382,852 shares during the last quarter. Institutional investors and hedge funds own 56.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CVNA shares. Gordon Haskett boosted their price target on Carvana from $67.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, April 30th. Jefferies Financial Group lowered their price target on Carvana from $97.00 to $95.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Weiss Ratings downgraded Carvana from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, March 24th. Wedbush lowered their price target on Carvana from $100.00 to $85.00 and set an “outperform” rating on the stock in a research report on Thursday, February 19th. Finally, UBS Group reissued a “buy” rating and set a $104.00 price target (up from $97.00) on shares of Carvana in a research report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Carvana has an average rating of “Moderate Buy” and a consensus price target of $93.14.

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.