Carvana Co. (NYSE:CVNA – Get Free Report) major shareholder Ernest C. Garcia II sold 75,000 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $137.34, for a total value of $10,300,500.00. Following the completion of the transaction, the insider now owns 1,390,814 shares in the company, valued at $191,014,394.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Ernest C. Garcia II also recently made the following trade(s):
- On Friday, July 12th, Ernest C. Garcia II sold 37,500 shares of Carvana stock. The shares were sold at an average price of $136.63, for a total value of $5,123,625.00.
Carvana Price Performance
Carvana stock traded down $1.89 during midday trading on Monday, reaching $135.31. The company had a trading volume of 6,133,585 shares, compared to its average volume of 5,545,817. The company has a market capitalization of $27.41 billion, a P/E ratio of 57.74 and a beta of 3.37. Carvana Co. has a 12-month low of $25.09 and a 12-month high of $154.00. The firm’s fifty day simple moving average is $120.56 and its 200-day simple moving average is $92.87. The company has a debt-to-equity ratio of 47.20, a current ratio of 3.11 and a quick ratio of 1.62.
Analyst Upgrades and Downgrades
Get Our Latest Research Report on Carvana
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD increased its holdings in shares of Carvana by 39.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,459,065 shares of the company’s stock worth $655,727,000 after buying an additional 2,112,463 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Carvana by 7.0% during the 4th quarter. Vanguard Group Inc. now owns 10,023,579 shares of the company’s stock worth $530,648,000 after buying an additional 655,603 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Carvana during the 2nd quarter worth approximately $39,997,000. First Trust Advisors LP increased its holdings in shares of Carvana by 17.1% during the 4th quarter. First Trust Advisors LP now owns 1,483,944 shares of the company’s stock worth $78,560,000 after buying an additional 216,893 shares during the last quarter. Finally, Steadview Capital Management LLC increased its holdings in shares of Carvana by 15.6% during the 4th quarter. Steadview Capital Management LLC now owns 876,905 shares of the company’s stock worth $46,423,000 after buying an additional 118,500 shares during the last quarter. 56.71% of the stock is owned by hedge funds and other institutional investors.
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.
Further Reading
- Five stocks we like better than Carvana
- How to Invest in Tech Stocks and Top Tech Stocks to Consider
- From Tokyo to Wall Street: Japan’s Market Impact on U.S. Stocks
- 3 Tickers Leading a Meme Stock Revival
- Arm Holdings: Does the 42% Drop Signal an AI Buying Opportunity?
- What are earnings reports?
- Texas Roadhouse Stampedes On EPS Beat as Comp Sales Surge 9.3%
Receive News & Ratings for Carvana Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carvana and related companies with MarketBeat.com's FREE daily email newsletter.