Carvana (NYSE:CVNA) Director Sells $1,132,500.00 in Stock

Carvana Co. (NYSE:CVNA) Director Ira Platt sold 15,000 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $75.50, for a total value of $1,132,500.00. Following the completion of the transaction, the director owned 186,470 shares in the company, valued at approximately $14,078,485. This represents a 7.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Carvana Trading Up 8.4%

NYSE:CVNA opened at $70.43 on Thursday. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.93 and a quick ratio of 2.33. Carvana Co. has a one year low of $54.46 and a one year high of $97.38. The company has a market cap of $77.51 billion, a PE ratio of 38.95, a PEG ratio of 2.36 and a beta of 3.46. The firm has a 50-day moving average of $67.20 and a 200-day moving average of $68.72.

Carvana (NYSE:CVNA) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.03. The business had revenue of $7.38 billion for the quarter, compared to analysts’ expectations of $6.90 billion. Carvana had a net margin of 6.26% and a return on equity of 37.06%. The firm’s revenue for the quarter was up 52.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.51 EPS. As a group, equities research analysts expect that Carvana Co. will post 1.68 EPS for the current fiscal year.

More Carvana News

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Reports indicated that Walter’s Carvana shares are pledged to Citigroup, potentially limiting his ability to sell them immediately. The reduced near-term supply risk helped restore investor confidence. Carvana Shares Rebound as Mark Walter Selloff Fears Ease
• Positive Sentiment: Carvana’s latest quarterly results remain a fundamental support: revenue rose 52.4% year over year to $7.38 billion, exceeding estimates, while earnings of $0.42 per share topped expectations. Analysts maintain a Moderate Buy consensus and an average price target of $84.14, above recent trading levels.
• Positive Sentiment: A GuruFocus analysis assigned Carvana a GF Score of 73, reflecting continued investor interest in the company’s growth and operating performance. Carvana GF Score Analysis
• Neutral Sentiment: Analyst sentiment remains broadly favorable, with multiple Buy or Overweight ratings and targets ranging from $67 to $120, but the wide range highlights disagreement over Carvana’s valuation and business-model sustainability.
• Negative Sentiment: Investor jitters persist around the federal investigation, Walter’s liquidity needs and the possibility that his stake could eventually enter the market. These concerns contributed to a potential worst weekly performance since February. Carvana Investor Jitters
• Negative Sentiment: Unusual options activity showed investors purchasing 89,113 put options, about 48% above average, signaling elevated demand for downside protection or bearish speculation.
• Negative Sentiment: Director J. Danforth Quayle sold 14,525 shares under a pre-arranged Rule 10b5-1 plan. Although scheduled in advance, the transaction adds to selling-related investor concerns.

Institutional Trading of Carvana

Large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Carvana by 24.7% during the 4th quarter. Vanguard Group Inc. now owns 16,783,101 shares of the company’s stock valued at $7,082,804,000 after buying an additional 3,328,115 shares in the last quarter. State Street Corp increased its stake in 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 acquiring an additional 2,764,759 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Carvana by 345.8% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,325,237 shares of the company’s stock valued at $218,867,000 after acquiring an additional 2,579,295 shares during the last quarter. Capital Research Global Investors raised its position in Carvana by 42.9% during 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 in the last quarter. Finally, Bank of America Corp DE lifted its stake in Carvana by 372.0% during the second quarter. Bank of America Corp DE now owns 1,791,844 shares of the company’s stock worth $117,939,000 after purchasing an additional 1,412,188 shares during the last quarter. Institutional investors own 56.71% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CVNA shares. Morgan Stanley set a $90.00 target price on shares of Carvana and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Royal Bank Of Canada set a $82.00 price target on shares of Carvana and gave the stock an “outperform” rating in a report on Thursday, July 30th. Needham & Company LLC restated a “buy” rating and set a $120.00 price target on shares of Carvana in a report on Thursday, July 30th. Wells Fargo & Company set a $80.00 price objective on shares of Carvana and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Finally, Stephens increased their price objective on shares of Carvana from $86.00 to $97.00 in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $84.14.

Carvana Company Profile

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.