Carvana Co. (NYSE:CVNA) COO Benjamin E. Huston Sells 26,753 Shares

Carvana Co. (NYSE:CVNA) COO Benjamin E. Huston sold 26,753 shares of Carvana stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $325.13, for a total transaction of $8,698,202.89. Following the transaction, the chief operating officer now owns 149,294 shares in the company, valued at approximately $48,539,958.22. The trade was a 15.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Carvana Trading Up 2.6%

Shares of Carvana stock opened at $339.97 on Wednesday. The firm has a market capitalization of $72.80 billion, a PE ratio of 216.54 and a beta of 3.61. 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 firm’s 50 day moving average is $250.40 and its 200 day moving average is $236.45. Carvana Co. has a 1 year low of $97.92 and a 1 year high of $341.56.

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

Institutional Investors Weigh In On Carvana

Institutional investors have recently modified their holdings of the company. Quent Capital LLC bought a new stake in shares of Carvana in the 4th quarter valued at $28,000. Brooklyn Investment Group boosted its stake in shares of Carvana by 961.5% in the 1st quarter. Brooklyn Investment Group now owns 138 shares of the company’s stock valued at $29,000 after purchasing an additional 125 shares during the last quarter. Global Retirement Partners LLC boosted its stake in shares of Carvana by 109.9% in the 4th quarter. Global Retirement Partners LLC now owns 149 shares of the company’s stock valued at $30,000 after purchasing an additional 78 shares during the last quarter. Rialto Wealth Management LLC bought a new stake in shares of Carvana in the 4th quarter valued at $31,000. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of Carvana in the 1st quarter valued at $33,000. 56.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CVNA has been the subject of a number of research analyst reports. Morgan Stanley boosted their target price on shares of Carvana from $280.00 to $290.00 and gave the stock an “overweight” rating in a research report on Thursday, May 15th. DA Davidson raised their price objective on shares of Carvana from $220.00 to $260.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. Evercore ISI dropped their price objective on shares of Carvana from $250.00 to $240.00 and set an “in-line” rating for the company in a report on Tuesday, March 11th. Citigroup increased their price target on shares of Carvana from $280.00 to $325.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Finally, Needham & Company LLC restated a “buy” rating and issued a $340.00 price objective on shares of Carvana in a report on Thursday, May 8th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $275.65.

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.