Thomas Taira Sells 10,000 Shares of Carvana (NYSE:CVNA) Stock

Carvana Co. (NYSE:CVNA) insider Thomas Taira sold 10,000 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $475.00, for a total value of $4,750,000.00. Following the completion of the transaction, the insider directly owned 69,880 shares of the company’s stock, valued at approximately $33,193,000. The trade was a 12.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Thomas Taira also recently made the following trade(s):

• On Monday, December 8th, Thomas Taira sold 30,952 shares of Carvana stock. The shares were sold at an average price of $435.96, for a total value of $13,493,833.92.
• On Wednesday, December 3rd, Thomas Taira sold 25,000 shares of Carvana stock. The shares were sold at an average price of $400.00, for a total value of $10,000,000.00.
• On Friday, November 28th, Thomas Taira sold 10,000 shares of Carvana stock. The shares were sold at an average price of $375.01, for a total transaction of $3,750,100.00.
• On Monday, November 10th, Thomas Taira sold 952 shares of Carvana stock. The stock was sold at an average price of $325.00, for a total transaction of $309,400.00.

Carvana Price Performance

Carvana stock traded down $16.78 during trading hours on Friday, hitting $455.95. 6,195,099 shares of the stock were exchanged, compared to its average volume of 3,844,552. The stock has a market capitalization 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. The business’s 50-day moving average is $352.24 and its two-hundred day moving average is $349.87. The company has a debt-to-equity ratio of 1.63, a quick ratio of 2.55 and a current ratio of 4.05. Carvana Co. has a 12 month low of $148.25 and a 12 month high of $485.33.

Carvana (NYSE:CVNA) last announced its earnings results on Wednesday, October 29th. The company reported $1.03 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $5.04 billion. During the same period in the previous year, the firm earned $0.64 earnings per share. The firm’s revenue was up 54.5% compared to the same quarter last year. Equities research analysts expect that Carvana Co. will post 2.85 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on CVNA shares. Evercore ISI increased their target price on Carvana from $395.00 to $420.00 and gave the stock an “in-line” rating in a report on Tuesday. DA Davidson set a $360.00 price objective on shares of Carvana in a report on Thursday, October 30th. Zacks Research cut shares of Carvana from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Carvana in a research report on Monday, December 1st. Finally, Stephens reissued an “overweight” rating and issued a $440.00 price target on shares of Carvana in a report on Tuesday, September 23rd. Eighteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $438.76.

Hedge Funds Weigh In On Carvana

Several hedge funds have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its position in shares of Carvana by 13.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,950,011 shares of the company’s stock valued at $3,125,749,000 after acquiring an additional 1,823,218 shares during the period. Viking Global Investors LP lifted its stake in Carvana by 94.9% in the 3rd quarter. Viking Global Investors LP now owns 2,101,241 shares of the company’s stock valued at $792,672,000 after purchasing an additional 1,023,265 shares during the last quarter. Sands Capital Management LLC lifted its stake in Carvana by 1,374.3% in the 2nd quarter. Sands Capital Management LLC now owns 901,227 shares of the company’s stock valued at $303,677,000 after purchasing an additional 840,096 shares during the last quarter. Norges Bank bought a new position in Carvana during the second quarter worth about $259,468,000. Finally, Invesco Ltd. increased its position in Carvana by 96.8% during the third quarter. Invesco Ltd. now owns 1,445,018 shares of the company’s stock worth $545,119,000 after buying an additional 710,582 shares during the last quarter. Institutional investors and hedge funds own 56.71% of the company’s stock.

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.