Daniel Gill Sells 40,000 Shares of Carvana (NYSE:CVNA) Stock

Carvana Co. (NYSE:CVNA) insider Daniel Gill sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $475.24, for a total transaction of $19,009,600.00. Following the transaction, the insider owned 191,106 shares in the company, valued at $90,821,215.44. This represents a 17.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Carvana Price Performance

CVNA stock traded down $16.78 during trading hours on Friday, hitting $455.95. 6,195,099 shares of the stock traded hands, compared to its average volume of 3,844,552. The stock has a 50-day simple moving average of $352.24 and a 200 day simple moving average of $349.87. The company has a market cap of $99.19 billion, a P/E ratio of 104.10, a P/E/G ratio of 1.69 and a beta of 3.51. Carvana Co. has a one year low of $148.25 and a one year high of $485.33. The company has a current ratio of 4.05, a quick ratio of 2.55 and a debt-to-equity ratio of 1.63.

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CVNA. Hilltop National Bank acquired a new position in Carvana during the 2nd quarter worth $25,000. ORG Partners LLC grew its position in shares of 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 purchasing an additional 87 shares during the last quarter. Washington Trust Advisors Inc. bought a new position in shares of Carvana in the third quarter worth about $38,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Carvana during the 3rd quarter worth about $38,000. Finally, SJS Investment Consulting Inc. boosted its stake in Carvana by 960.0% during the 2nd quarter. SJS Investment Consulting Inc. now owns 106 shares of the company’s stock valued at $36,000 after purchasing an additional 96 shares during the period. 56.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on CVNA shares. Jefferies Financial Group raised their target price on shares of Carvana from $475.00 to $550.00 and gave the stock a “buy” rating in a report on Thursday. Morgan Stanley set a $450.00 price target on shares of Carvana in a research report on Monday, October 20th. UBS Group started coverage on shares of Carvana in a research report on Monday, December 1st. They set a “buy” rating and a $450.00 price objective on the stock. Evercore ISI increased their target price on Carvana from $395.00 to $420.00 and gave the company an “in-line” rating in a report on Tuesday. Finally, Wall Street Zen cut Carvana from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. Eighteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Carvana currently has an average rating of “Moderate Buy” and an average target price of $438.76.

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.