Carvana Co. (NYSE:CVNA) Insider Paul W. Breaux Sells 15,000 Shares

Carvana Co. (NYSE:CVNA) insider Paul W. Breaux sold 15,000 shares of the business’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $367.34, for a total value of $5,510,100.00. Following the transaction, the insider directly owned 113,792 shares of the company’s stock, valued at $41,800,353.28. This represents a 11.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Carvana Trading Down 1.9%

Shares of CVNA opened at $360.79 on Tuesday. Carvana Co. has a 1 year low of $118.50 and a 1 year high of $413.33. The company has a current ratio of 4.00, a quick ratio of 2.58 and a debt-to-equity ratio of 2.51. The stock has a 50 day simple moving average of $334.70 and a 200-day simple moving average of $268.97. The stock has a market cap of $77.26 billion, a PE ratio of 90.42, a PEG ratio of 1.25 and a beta of 3.57.

Carvana (NYSE:CVNA) last issued its earnings results on Wednesday, July 30th. The company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.19. Carvana had a return on equity of 40.57% and a net margin of 3.46%. The business had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.54 billion. During the same period in the prior year, the firm posted ($0.05) EPS. Carvana’s quarterly revenue was up 41.9% compared to the same quarter last year. On average, sell-side analysts predict that Carvana Co. will post 2.85 EPS for the current fiscal year.

Institutional Investors Weigh In On Carvana

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Warren Street Wealth Advisors LLC increased its holdings in Carvana by 2.8% during the 2nd quarter. Warren Street Wealth Advisors LLC now owns 1,153 shares of the company’s stock valued at $388,000 after purchasing an additional 31 shares in the last quarter. Yousif Capital Management LLC increased its holdings in Carvana by 4.1% during the 1st 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 in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Carvana by 5.2% during the 1st 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 in the last quarter. Harbour Investments Inc. increased its holdings in Carvana by 46.5% during the 2nd quarter. Harbour Investments Inc. now owns 208 shares of the company’s stock valued at $70,000 after purchasing an additional 66 shares in the last quarter. Finally, Commerce Bank increased its holdings in Carvana by 1.6% during the 1st quarter. Commerce Bank now owns 4,446 shares of the company’s stock valued at $930,000 after purchasing an additional 69 shares in the last quarter. 56.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CVNA. Evercore ISI boosted their price objective on Carvana from $295.00 to $305.00 and gave the stock an “in-line” rating in a research report on Tuesday, June 24th. Royal Bank Of Canada boosted their price objective on Carvana from $400.00 to $460.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Bank of America boosted their price objective on Carvana from $375.00 to $425.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Stephens boosted their price objective on Carvana from $300.00 to $375.00 and gave the stock an “overweight” rating in a research report on Monday, July 7th. Finally, Robert W. Baird raised their price objective on Carvana from $200.00 to $275.00 and gave the stock a “neutral” rating in a research report on Thursday, May 8th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Carvana presently has a consensus rating of “Moderate Buy” and an average target price of $379.65.

Carvana Company Profile

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.