Insider Selling: Carvana Co (NYSE:CVNA) Insider Sells 20,000 Shares of Stock

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Carvana Co (NYSE:CVNA) insider Paul W. Breaux sold 20,000 shares of Carvana stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $80.04, for a total value of $1,600,800.00. Following the completion of the sale, the insider now directly owns 30,497 shares of the company’s stock, valued at approximately $2,440,979.88. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Shares of CVNA traded up $0.03 during trading hours on Thursday, hitting $78.92. The stock had a trading volume of 1,302,805 shares, compared to its average volume of 1,743,653. The company has a debt-to-equity ratio of 2.10, a current ratio of 3.83 and a quick ratio of 1.40. Carvana Co has a 12 month low of $28.44 and a 12 month high of $81.37. The company has a market cap of $11.78 billion, a price-to-earnings ratio of -45.62 and a beta of 2.39. The firm has a fifty day moving average price of $65.38.

Carvana (NYSE:CVNA) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.40) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.39) by ($0.01). Carvana had a negative return on equity of 30.55% and a negative net margin of 3.49%. The firm had revenue of $986.22 million during the quarter, compared to the consensus estimate of $914.50 million. During the same period in the previous year, the firm earned ($0.37) EPS. The business’s revenue was up 107.5% on a year-over-year basis. As a group, analysts forecast that Carvana Co will post -1.82 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of CVNA. Resources Investment Advisors LLC. grew its holdings in shares of Carvana by 150.0% in the second quarter. Resources Investment Advisors LLC. now owns 500 shares of the company’s stock worth $31,000 after acquiring an additional 300 shares during the period. Valeo Financial Advisors LLC grew its holdings in shares of Carvana by 100.0% in the first quarter. Valeo Financial Advisors LLC now owns 1,000 shares of the company’s stock worth $58,000 after acquiring an additional 500 shares during the period. Aperio Group LLC bought a new stake in shares of Carvana in the second quarter worth $75,000. FNY Investment Advisers LLC grew its holdings in shares of Carvana by 12,800.0% in the second quarter. FNY Investment Advisers LLC now owns 1,290 shares of the company’s stock worth $80,000 after acquiring an additional 1,280 shares during the period. Finally, Meridian Wealth Management LLC bought a new stake in Carvana during the second quarter worth approximately $118,000. 35.99% of the stock is owned by institutional investors.

A number of analysts have commented on CVNA shares. B. Riley reissued a “buy” rating and issued a $91.00 target price (up previously from $72.00) on shares of Carvana in a report on Monday, April 29th. Robert W. Baird lifted their target price on Carvana from $65.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, May 9th. ValuEngine lowered Carvana from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Cowen reissued an “outperform” rating and issued a $85.00 target price (up previously from $81.00) on shares of Carvana in a report on Thursday, August 8th. Finally, Zacks Investment Research lowered Carvana from a “hold” rating to a “sell” rating in a report on Tuesday, July 9th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the stock. Carvana presently has an average rating of “Hold” and an average target price of $73.64.

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 proprietary 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.

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Insider Buying and Selling by Quarter for Carvana (NYSE:CVNA)

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