Carvana Co. (NYSE:CVNA) Insider Sells $367,848.96 in Stock

Carvana Co. (NYSE:CVNA) insider Paul W. Breaux sold 1,362 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $270.08, for a total transaction of $367,848.96. Following the sale, the insider now owns 153,240 shares in the company, valued at approximately $41,387,059.20. The trade was a 0.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Carvana Trading Up 4.9 %

Shares of CVNA stock opened at $285.62 on Friday. Carvana Co. has a 1 year low of $48.15 and a 1 year high of $286.38. The firm has a fifty day moving average price of $232.45 and a 200-day moving average price of $203.33. The company has a debt-to-equity ratio of 18.99, a current ratio of 3.25 and a quick ratio of 2.12. The company has a market cap of $59.30 billion, a price-to-earnings ratio of 28,590.19 and a beta of 3.37.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CVNA. 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. Wedbush reiterated a “neutral” rating and set a $250.00 price target on shares of Carvana in a report on Thursday, February 6th. JPMorgan Chase & Co. increased their price target on shares of Carvana from $300.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Robert W. Baird lifted their target price on shares of Carvana from $160.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Finally, Royal Bank of Canada raised shares of Carvana from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $270.00 to $280.00 in a research report on Tuesday, January 7th. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Carvana presently has an average rating of “Moderate Buy” and a consensus target price of $249.29.

Institutional Investors Weigh In On Carvana

A number of hedge funds have recently modified their holdings of CVNA. FMR LLC boosted its holdings in 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 buying an additional 5,882,656 shares during the period. Vanguard Group Inc. boosted its holdings in Carvana by 5.6% in the 4th quarter. Vanguard Group Inc. now owns 11,425,367 shares of the company’s stock worth $2,323,463,000 after buying an additional 610,234 shares during the period. Lingotto Investment Management LLP boosted its holdings in Carvana by 1.5% in the 4th quarter. Lingotto Investment Management LLP now owns 3,987,150 shares of the company’s stock worth $810,827,000 after buying an additional 57,215 shares during the period. Geode Capital Management LLC boosted its holdings in Carvana by 4.2% in the 4th quarter. Geode Capital Management LLC now owns 1,878,796 shares of the company’s stock worth $381,592,000 after buying an additional 75,250 shares during the period. Finally, State Street Corp boosted its holdings in Carvana by 6.1% in the 3rd quarter. State Street Corp now owns 1,877,511 shares of the company’s stock worth $326,893,000 after buying an additional 107,610 shares during the period. 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.