Carvana Co. (NYSE:CVNA) COO Sells $8,924,500.00 in Stock

Carvana Co. (NYSE:CVNA) COO Benjamin E. Huston sold 50,000 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $178.49, for a total value of $8,924,500.00. Following the transaction, the chief operating officer now directly owns 196,278 shares of the company’s stock, valued at $35,033,660.22. This represents a 20.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Carvana Stock Up 2.0 %

Shares of Carvana stock traded up $3.59 on Monday, hitting $184.77. 1,515,767 shares of the company’s stock traded hands, compared to its average volume of 3,823,901. The firm’s 50-day moving average is $228.94 and its 200 day moving average is $214.28. Carvana Co. has a 52-week low of $67.61 and a 52-week high of $292.84. The stock has a market cap of $39.39 billion, a P/E ratio of 117.70 and a beta of 3.56. The company has a quick ratio of 2.12, a current ratio of 3.64 and a debt-to-equity ratio of 3.82.

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

Analysts Set New Price Targets

Several research firms recently issued reports on CVNA. Robert W. Baird upped their target price on Carvana from $200.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. Bank of America decreased their price objective on Carvana from $270.00 to $220.00 and set a “buy” rating for the company in a report on Friday. Citigroup increased their price target on Carvana from $277.00 to $320.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Needham & Company LLC reaffirmed a “buy” rating and issued a $340.00 price target on shares of Carvana in a research report on Friday, March 7th. Finally, Stephens restated an “overweight” rating and set a $300.00 price target on shares of Carvana in a research note on Monday, March 3rd. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $262.71.

Institutional Trading of Carvana

Several institutional investors have recently bought and sold shares of the stock. FMR LLC lifted its stake in shares of Carvana by 90.8% during the third quarter. FMR LLC now owns 12,361,790 shares of the company’s stock valued at $2,152,311,000 after acquiring an additional 5,882,656 shares during the period. Vanguard Group Inc. lifted its stake in Carvana by 5.6% in the fourth quarter. Vanguard Group Inc. now owns 11,425,367 shares of the company’s stock valued at $2,323,463,000 after buying an additional 610,234 shares during the period. Lingotto Investment Management LLP lifted its stake in Carvana by 1.5% in the fourth quarter. Lingotto Investment Management LLP now owns 3,987,150 shares of the company’s stock valued at $810,827,000 after buying an additional 57,215 shares during the period. Durable Capital Partners LP lifted its stake in Carvana by 6.3% in the fourth quarter. Durable Capital Partners LP now owns 2,168,232 shares of the company’s stock valued at $440,932,000 after buying an additional 129,246 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Carvana by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 1,878,796 shares of the company’s stock worth $381,592,000 after purchasing an additional 75,250 shares during the period. Institutional investors and hedge funds own 56.71% of the company’s stock.

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.