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.
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.
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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