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

Carvana Co. (NYSE:CVNA) COO Benjamin E. Huston sold 50,000 shares of Carvana stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $210.35, for a total value of $10,517,500.00. Following the completion of the transaction, the chief operating officer now owns 146,278 shares of the company’s stock, valued at approximately $30,769,577.30. The trade was a 25.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Carvana Stock Down 0.2 %

NYSE CVNA 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 company has a market capitalization of $43.58 billion, a P/E ratio of 130.22 and a beta of 3.56. The company’s 50 day simple moving average is $227.77 and its 200 day simple moving average is $216.41. The company has a debt-to-equity ratio of 3.82, a current ratio of 3.64 and a quick ratio of 2.12.

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CVNA. JPMorgan Chase & Co. reduced their price objective on Carvana from $365.00 to $325.00 and set an “overweight” rating for the company in a research report on Thursday. Royal Bank of Canada increased their price objective on shares of Carvana from $280.00 to $320.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Wedbush set a $250.00 target price on shares of Carvana and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Citigroup raised their price target on shares of Carvana from $277.00 to $320.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Finally, Evercore ISI reduced their price objective on Carvana from $250.00 to $240.00 and set an “in-line” rating for the company in a research report on Tuesday, March 11th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Carvana currently has an average rating of “Moderate Buy” and a consensus price target of $261.53.

Institutional Investors Weigh In On Carvana

A number of institutional investors and hedge funds have recently modified their holdings of CVNA. Quent Capital LLC acquired a new position in shares of Carvana in the 4th quarter valued at $28,000. Global Retirement Partners LLC lifted its stake in Carvana by 109.9% during the fourth quarter. Global Retirement Partners LLC now owns 149 shares of the company’s stock valued at $30,000 after buying an additional 78 shares in the last quarter. Rialto Wealth Management LLC acquired a new position in shares of Carvana in the fourth quarter worth about $31,000. ORG Wealth Partners LLC purchased a new position in shares of Carvana in the fourth quarter worth approximately $34,000. Finally, Versant Capital Management Inc acquired a new stake in shares of Carvana during the fourth quarter valued at approximately $42,000. 56.71% of the stock is owned by institutional investors and hedge funds.

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.