Insider Selling: Carvana (NYSE:CVNA) Insider Sells $363,805.00 in Stock

Carvana Co. (NYSE:CVNA) insider Thomas Taira sold 5,597 shares of Carvana stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $65.00, for a total value of $363,805.00. Following the transaction, the insider directly owned 357,442 shares in the company, valued at $23,233,730. The trade was a 1.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, September 14th, Thomas Taira sold 16,789 shares of Carvana stock. The shares were sold at an average price of $70.58, for a total value of $1,184,967.62.

Carvana Price Performance

Shares of CVNA opened at $60.66 on Friday. Carvana Co. has a 1 year low of $54.46 and a 1 year high of $97.38. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.93 and a quick ratio of 2.33. The company has a market capitalization of $66.75 billion, a price-to-earnings ratio of 32.06, a price-to-earnings-growth ratio of 1.67 and a beta of 3.55. The business has a 50-day moving average of $68.29 and a 200-day moving average of $68.59.

Carvana (NYSE:CVNA) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. Carvana had a return on equity of 37.06% and a net margin of 6.26%. The company had revenue of $7.38 billion for the quarter, compared to analyst estimates of $6.90 billion. During the same period in the previous year, the firm earned $1.51 earnings per share. The firm’s quarterly revenue was up 52.4% on a year-over-year basis. As a group, equities research analysts anticipate that Carvana Co. will post 1.67 earnings per share for the current year.

Institutional Investors Weigh In On Carvana

Several large investors have recently made changes to their positions in CVNA. SJS Investment Consulting Inc. boosted its holdings in shares of Carvana by 29.8% in the 1st quarter. SJS Investment Consulting Inc. now owns 183 shares of the company’s stock worth $58,000 after buying an additional 42 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its position in Carvana by 152.6% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 96 shares of the company’s stock valued at $30,000 after buying an additional 58 shares during the period. Meeder Advisory Services Inc. grew its position in Carvana by 3.9% during the first quarter. Meeder Advisory Services Inc. now owns 1,993 shares of the company’s stock valued at $627,000 after buying an additional 75 shares during the period. Motiv8 Investments LLC bought a new position in Carvana during the fourth quarter valued at about $33,000. Finally, Ascentis Independent Advisors purchased a new stake in Carvana during the first quarter worth about $26,000. 56.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Needham & Company LLC reiterated a “buy” rating and set a $120.00 price target on shares of Carvana in a research note on Thursday, July 30th. Stephens reiterated an “overweight” rating and issued a $83.00 price objective (down from $91.50) on shares of Carvana in a research note on Tuesday, October 6th. Weiss Ratings cut shares of Carvana from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, September 22nd. Evercore set a $75.00 target price on shares of Carvana in a research report on Thursday, July 30th. Finally, BTIG Research restated a “buy” rating and issued a $87.00 target price on shares of Carvana in a research note on Friday, October 9th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Carvana presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.04.

About Carvana

Carvana Co is an online used-car retailer that enables customers to research, purchase, finance, trade in and sell vehicles through its digital platform. The company’s services are designed to allow customers to complete much of the vehicle-buying process online, including selecting a vehicle, arranging financing, completing documentation and scheduling delivery or pickup.

Carvana offers a broad selection of used cars, trucks and sport utility vehicles. Its platform includes vehicle listings with photographs and inspection information, while its operations support vehicle reconditioning, logistics and customer delivery.