Carvana Co. (NYSE:CVNA) Director Sells $1,039,207.56 in Stock

Carvana Co. (NYSE:CVNA) Director Ira J. Platt sold 7,338 shares of Carvana stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $141.62, for a total transaction of $1,039,207.56. Following the completion of the transaction, the director now owns 30,891 shares in the company, valued at approximately $4,374,783.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Carvana Stock Up 6.7 %

Shares of NYSE:CVNA traded up $9.56 during trading on Thursday, reaching $151.56. 4,133,905 shares of the company traded hands, compared to its average volume of 5,441,911. The firm has a fifty day simple moving average of $126.90 and a 200 day simple moving average of $98.11. The firm has a market cap of $30.70 billion, a P/E ratio of 66.47 and a beta of 3.37. Carvana Co. has a 1-year low of $25.09 and a 1-year high of $154.00. The company has a quick ratio of 1.62, a current ratio of 3.11 and a debt-to-equity ratio of 47.20.

Institutional Investors Weigh In On Carvana

A number of institutional investors have recently modified their holdings of CVNA. Vanguard Group Inc. lifted its stake in shares of Carvana by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 10,290,551 shares of the company’s stock valued at $904,642,000 after purchasing an additional 266,972 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Carvana by 39.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,459,065 shares of the company’s stock valued at $655,727,000 after purchasing an additional 2,112,463 shares during the last quarter. Lingotto Investment Management LLP lifted its stake in shares of Carvana by 1.4% in the 2nd quarter. Lingotto Investment Management LLP now owns 3,776,747 shares of the company’s stock valued at $486,143,000 after purchasing an additional 52,833 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Carvana by 17.1% in the 4th quarter. First Trust Advisors LP now owns 1,483,944 shares of the company’s stock valued at $78,560,000 after purchasing an additional 216,893 shares during the last quarter. Finally, Goodnow Investment Group LLC lifted its stake in shares of Carvana by 1.6% in the 4th quarter. Goodnow Investment Group LLC now owns 1,464,528 shares of the company’s stock valued at $77,532,000 after purchasing an additional 23,140 shares during the last quarter. Institutional investors and hedge funds own 56.71% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on CVNA. Evercore ISI decreased their price target on shares of Carvana from $150.00 to $142.00 and set an “in-line” rating on the stock in a research report on Wednesday, August 7th. BTIG Research raised their price objective on shares of Carvana from $155.00 to $188.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. William Blair reaffirmed an “outperform” rating on shares of Carvana in a research note on Thursday, May 2nd. JMP Securities raised their price objective on shares of Carvana from $150.00 to $200.00 and gave the stock a “market outperform” rating in a research note on Friday, August 2nd. Finally, Morgan Stanley raised their price objective on shares of Carvana from $75.00 to $110.00 and gave the stock an “underweight” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Carvana has an average rating of “Hold” and an average price target of $143.73.

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.