Carvana Co. (NYSE:CVNA) Insider Daniel J. Gill Sells 32,500 Shares of Stock

Carvana Co. (NYSE:CVNA) insider Daniel J. Gill sold 32,500 shares of the firm’s stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $330.30, for a total transaction of $10,734,750.00. Following the sale, the insider now owns 199,756 shares in the company, valued at approximately $65,979,406.80. This trade represents a 13.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Carvana Stock Performance

Shares of CVNA stock opened at $339.97 on Wednesday. The company’s fifty day simple moving average is $250.40 and its 200-day simple moving average is $236.45. Carvana Co. has a 52 week low of $97.92 and a 52 week high of $341.56. 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 company has a market cap of $72.80 billion, a PE ratio of 216.54 and a beta of 3.61.

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

Hedge Funds Weigh In On Carvana

A number of hedge funds have recently made changes to their positions in CVNA. Quent Capital LLC purchased a new stake in Carvana during the 4th quarter worth $28,000. Brooklyn Investment Group increased its stake in Carvana by 961.5% during the 1st quarter. Brooklyn Investment Group now owns 138 shares of the company’s stock worth $29,000 after buying an additional 125 shares during the period. Global Retirement Partners LLC increased its stake in Carvana by 109.9% during the 4th quarter. Global Retirement Partners LLC now owns 149 shares of the company’s stock worth $30,000 after buying an additional 78 shares during the period. Rialto Wealth Management LLC purchased a new stake in Carvana during the 4th quarter worth $31,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in Carvana during the 1st quarter worth $33,000. Hedge funds and other institutional investors own 56.71% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Robert W. Baird raised their target price on shares of Carvana from $200.00 to $275.00 and gave the stock a “neutral” rating in a research report on Thursday, May 8th. JMP Securities decreased their target price on shares of Carvana from $340.00 to $275.00 and set a “market outperform” rating on the stock in a research report on Wednesday, April 9th. Morgan Stanley raised 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. Wedbush upgraded shares of Carvana to a “hold” rating in a research report on Thursday, May 8th. Finally, Needham & Company LLC restated a “buy” rating and set a $340.00 target price on shares of Carvana in a research report on Thursday, May 8th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.