Daniel J. Gill Sells 41,163 Shares of Carvana Co. (NYSE:CVNA) Stock

Carvana Co. (NYSE:CVNA) insider Daniel J. Gill sold 41,163 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $200.11, for a total value of $8,237,127.93. Following the completion of the transaction, the insider now directly owns 283,287 shares in the company, valued at approximately $56,688,561.57. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Carvana Stock Performance

Shares of CVNA stock opened at $202.60 on Friday. Carvana Co. has a one year low of $25.09 and a one year high of $203.72. The company has a market cap of $41.04 billion, a P/E ratio of 88.86 and a beta of 3.44. The firm has a 50-day moving average of $167.97 and a 200-day moving average of $132.84. The company has a debt-to-equity ratio of 47.20, a current ratio of 3.11 and a quick ratio of 2.02.

Carvana (NYSE:CVNA) last posted its earnings results on Wednesday, July 31st. The company reported $0.14 EPS for the quarter. The firm had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.23 billion. Equities research analysts forecast that Carvana Co. will post 0.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CVNA shares. DA Davidson lifted their price objective on shares of Carvana from $110.00 to $155.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Morgan Stanley upped their price objective on shares of Carvana from $75.00 to $110.00 and gave the company an “underweight” rating in a report on Thursday, August 1st. BTIG Research raised their target price on Carvana from $155.00 to $188.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Bank of America upped their price target on Carvana from $185.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, JMP Securities reissued a “market outperform” rating and issued a $200.00 price objective on shares of Carvana in a research note on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $182.29.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP bought a new stake in shares of Carvana during the 4th quarter worth $4,703,000. PNC Financial Services Group Inc. boosted its stake in Carvana by 63.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,481 shares of the company’s stock valued at $131,000 after acquiring an additional 965 shares during the last quarter. Diversified Trust Co grew its position in shares of Carvana by 53.3% during the 1st quarter. Diversified Trust Co now owns 8,678 shares of the company’s stock valued at $763,000 after acquiring an additional 3,019 shares during the period. Principal Financial Group Inc. increased its stake in shares of Carvana by 9.2% during the 1st quarter. Principal Financial Group Inc. now owns 12,702 shares of the company’s stock worth $1,117,000 after purchasing an additional 1,068 shares during the last quarter. Finally, HB Wealth Management LLC bought a new stake in shares of Carvana in the 1st quarter worth approximately $244,000. Hedge funds and other institutional investors 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.