Carvana Co. (NYSE:CVNA) COO Benjamin E. Huston Sells 50,000 Shares of Stock

Carvana Co. (NYSE:CVNA) COO Benjamin E. Huston sold 50,000 shares of the business’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $178.49, for a total transaction of $8,924,500.00. Following the sale, the chief operating officer now directly owns 196,278 shares of the company’s stock, valued at $35,033,660.22. This represents a 20.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Carvana Stock Up 2.8 %

NYSE CVNA opened at $186.28 on Tuesday. The business has a fifty day moving average price of $228.89 and a 200 day moving average price of $214.54. Carvana Co. has a one year low of $67.61 and a one year high of $292.84. The company has a debt-to-equity ratio of 3.82, a quick ratio of 2.12 and a current ratio of 3.64. The company has a market cap of $39.71 billion, a P/E ratio of 118.65 and a beta of 3.56.

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

Analyst Ratings Changes

CVNA has been the subject of a number of recent analyst reports. Robert W. Baird boosted their target price on shares of Carvana from $200.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Wells Fargo & Company reduced their target price on shares of Carvana from $300.00 to $275.00 and set an “overweight” rating for the company in a report on Monday, January 6th. JMP Securities restated a “market outperform” rating and set a $320.00 price objective on shares of Carvana in a report on Monday, December 16th. Royal Bank of Canada upped their target price on Carvana from $280.00 to $320.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Finally, Evercore ISI dropped their target price on Carvana from $250.00 to $240.00 and set an “in-line” rating on the stock in a research report on Tuesday, March 11th. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $262.71.

Institutional Trading of Carvana

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Eagle Asset Management Inc. purchased a new position in Carvana during the 3rd quarter valued at about $50,531,000. Charles Schwab Investment Management Inc. increased its position in Carvana by 9.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 462,962 shares of the company’s stock worth $94,148,000 after buying an additional 39,089 shares during the period. Plato Investment Management Ltd increased its position in Carvana by 135.5% during the fourth quarter. Plato Investment Management Ltd now owns 5,204 shares of the company’s stock worth $1,062,000 after buying an additional 2,994 shares during the period. Bank of New York Mellon Corp increased its position in Carvana by 37.7% during the fourth quarter. Bank of New York Mellon Corp now owns 478,488 shares of the company’s stock worth $97,305,000 after buying an additional 130,942 shares during the period. Finally, Oak Thistle LLC increased its holdings in shares of Carvana by 115.9% in the fourth quarter. Oak Thistle LLC now owns 3,238 shares of the company’s stock valued at $658,000 after purchasing an additional 1,738 shares during the period. 56.71% of the stock is owned by institutional investors and hedge funds.

About Carvana

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.