Carvana (NYSE:CVNA) Insider Sells $4,000,000.00 in Stock

Carvana Co. (NYSE:CVNA) insider Ryan Keeton sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $400.00, for a total value of $4,000,000.00. Following the transaction, the insider directly owned 74,460 shares in the company, valued at approximately $29,784,000. This represents a 11.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Carvana Stock Up 0.4%

Shares of CVNA opened at $400.34 on Friday. Carvana Co. has a 1 year low of $148.25 and a 1 year high of $413.33. The company has a debt-to-equity ratio of 1.63, a current ratio of 4.05 and a quick ratio of 2.55. The stock has a 50 day simple moving average of $346.53 and a two-hundred day simple moving average of $345.70. The firm has a market cap of $87.09 billion, a P/E ratio of 91.40, a P/E/G ratio of 1.45 and a beta of 3.51.

Carvana (NYSE:CVNA) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.26). Carvana had a return on equity of 30.62% and a net margin of 3.44%.The business had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.04 billion. During the same quarter in the previous year, the firm posted $0.64 earnings per share. The company’s revenue was up 54.5% compared to the same quarter last year. On average, analysts forecast that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. BTIG Research reaffirmed a “buy” rating and set a $450.00 price objective on shares of Carvana in a research note on Thursday, October 30th. Wall Street Zen lowered Carvana from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. Needham & Company LLC reaffirmed a “buy” rating and issued a $500.00 price target on shares of Carvana in a research note on Monday, November 17th. Barclays assumed coverage on Carvana in a research note on Tuesday, November 11th. They set an “overweight” rating and a $390.00 price objective for the company. Finally, Jefferies Financial Group restated a “buy” rating on shares of Carvana in a report on Tuesday, November 25th. Eighteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $422.10.

Institutional Investors Weigh In On Carvana

A number of large investors have recently made changes to their positions in the business. Hilltop National Bank bought a new position in shares of Carvana during the second quarter valued at approximately $25,000. ORG Partners LLC boosted its holdings in Carvana by 8,700.0% in the third quarter. ORG Partners LLC now owns 88 shares of the company’s stock valued at $33,000 after acquiring an additional 87 shares in the last quarter. Washington Trust Advisors Inc. bought a new position in Carvana in the 3rd quarter worth $38,000. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Carvana in the 3rd quarter worth about $38,000. Finally, SJS Investment Consulting Inc. lifted its position in shares of Carvana by 960.0% in the 2nd quarter. SJS Investment Consulting Inc. now owns 106 shares of the company’s stock worth $36,000 after purchasing an additional 96 shares during the period. 56.71% of the stock is currently owned by institutional investors.

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.