Carvana Co. (NYSE:CVNA) Insider Sells $6,209,252.79 in Stock

Carvana Co. (NYSE:CVNA) insider Thomas Taira sold 27,593 shares of the firm’s stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $225.03, for a total value of $6,209,252.79. Following the completion of the sale, the insider now directly owns 179,673 shares of the company’s stock, valued at $40,431,815.19. The trade was a 13.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Carvana Stock Performance

Shares of Carvana stock opened at $204.45 on Friday. Carvana Co. has a 12 month low of $67.61 and a 12 month high of $292.84. The stock’s fifty day moving average price is $227.77 and its 200-day moving average price is $216.41. The firm has a market cap of $43.58 billion, a P/E ratio of 130.22 and a beta of 3.56. The company has a current ratio of 3.64, a quick ratio of 2.12 and a debt-to-equity ratio of 3.82.

Carvana (NYSE:CVNA) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.29 by $0.27. Carvana had a net margin of 1.54% and a return on equity of 36.59%. The business had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.32 billion. On average, equities research analysts expect that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

Institutional Trading of Carvana

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC raised its position in shares of Carvana by 90.8% in the 3rd quarter. FMR LLC now owns 12,361,790 shares of the company’s stock worth $2,152,311,000 after acquiring an additional 5,882,656 shares in the last quarter. Vanguard Group Inc. grew its stake in Carvana by 5.6% in the fourth quarter. Vanguard Group Inc. now owns 11,425,367 shares of the company’s stock valued at $2,323,463,000 after purchasing an additional 610,234 shares during the last quarter. Lingotto Investment Management LLP raised its holdings in Carvana by 1.5% in the fourth quarter. Lingotto Investment Management LLP now owns 3,987,150 shares of the company’s stock worth $810,827,000 after purchasing an additional 57,215 shares in the last quarter. Durable Capital Partners LP lifted its position in shares of Carvana by 6.3% during the fourth quarter. Durable Capital Partners LP now owns 2,168,232 shares of the company’s stock valued at $440,932,000 after buying an additional 129,246 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Carvana by 4.2% in the 4th quarter. Geode Capital Management LLC now owns 1,878,796 shares of the company’s stock valued at $381,592,000 after buying an additional 75,250 shares in the last quarter. Institutional investors own 56.71% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on CVNA. Morgan Stanley upgraded Carvana from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $260.00 to $280.00 in a research report on Tuesday. DA Davidson raised their target price on shares of Carvana from $220.00 to $260.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. Wells Fargo & Company cut their price target on shares of Carvana from $300.00 to $275.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Stephens reissued an “overweight” rating and issued a $300.00 price objective on shares of Carvana in a research note on Monday, March 3rd. Finally, Citigroup upped their target price on Carvana from $277.00 to $320.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $261.53.

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.