Carvana Co. (NYSE:CVNA) Insider Paul W. Breaux Sells 30,000 Shares

Carvana Co. (NYSE:CVNA) insider Paul W. Breaux sold 30,000 shares of the business’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $298.00, for a total transaction of $8,940,000.00. Following the completion of the sale, the insider now directly owns 149,114 shares of the company’s stock, valued at approximately $44,435,972. This trade represents a 16.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Carvana Trading Up 0.8%

Shares of Carvana stock opened at $299.68 on Friday. Carvana Co. has a 12-month low of $97.55 and a 12-month high of $311.88. The company has a current ratio of 3.64, a quick ratio of 2.12 and a debt-to-equity ratio of 3.82. The stock has a market cap of $63.88 billion, a PE ratio of 190.88 and a beta of 3.61. The company has a 50-day moving average of $220.71 and a two-hundred day moving average of $230.18.

Carvana (NYSE:CVNA) last issued its earnings results on Wednesday, May 7th. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.76. The company had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $3.94 billion. Carvana had a net margin of 1.54% and a return on equity of 36.59%. The firm’s quarterly revenue was up 38.3% compared to the same quarter last year. During the same period last year, the company posted $0.23 earnings per share. On average, research analysts anticipate that Carvana Co. will post 2.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CVNA. Wells Fargo & Company upped their target price on shares of Carvana from $290.00 to $310.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Royal Bank of Canada upped their target price on shares of Carvana from $320.00 to $340.00 and gave the company an “outperform” rating in a report on Thursday, May 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $340.00 target price on shares of Carvana in a report on Thursday, May 8th. Robert W. Baird increased their price target on shares of Carvana from $200.00 to $275.00 and gave the stock a “neutral” rating in a report on Thursday, May 8th. Finally, Citigroup increased their price target on shares of Carvana from $280.00 to $325.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $269.18.

Institutional Trading of Carvana

Several large investors have recently modified their holdings of the business. Yousif Capital Management LLC grew its position in shares of Carvana by 4.1% in the first quarter. Yousif Capital Management LLC now owns 1,266 shares of the company’s stock valued at $265,000 after purchasing an additional 50 shares during the last quarter. Fidelis Capital Partners LLC grew its position in shares of Carvana by 3.4% in the fourth quarter. Fidelis Capital Partners LLC now owns 1,541 shares of the company’s stock valued at $313,000 after purchasing an additional 51 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Carvana by 5.2% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,223 shares of the company’s stock valued at $256,000 after purchasing an additional 60 shares during the last quarter. Bleakley Financial Group LLC grew its position in shares of Carvana by 2.8% in the fourth quarter. Bleakley Financial Group LLC now owns 2,373 shares of the company’s stock valued at $483,000 after purchasing an additional 65 shares during the last quarter. Finally, Commerce Bank grew its position in shares of Carvana by 1.6% in the first quarter. Commerce Bank now owns 4,446 shares of the company’s stock valued at $930,000 after purchasing an additional 69 shares during the last quarter. 56.71% of the stock is currently owned by institutional investors and hedge funds.

About Carvana

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.