Carvana (NYSE:CVNA) Insider Sells $3,750,100.00 in Stock

Carvana Co. (NYSE:CVNA) insider Thomas Taira sold 10,000 shares of the company’s stock in a transaction on Friday, November 28th. The shares were sold at an average price of $375.01, for a total value of $3,750,100.00. Following the completion of the transaction, the insider directly owned 106,507 shares in the company, valued at $39,941,190.07. This trade represents a 8.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Thomas Taira also recently made the following trade(s):

• On Monday, November 10th, Thomas Taira sold 952 shares of Carvana stock. The stock was sold at an average price of $325.00, for a total value of $309,400.00.

Carvana Stock Performance

NYSE CVNA traded up $7.31 during trading hours on Tuesday, reaching $382.57. The stock had a trading volume of 2,870,243 shares, compared to its average volume of 2,909,360. The stock has a fifty day moving average of $344.86 and a 200 day moving average of $343.41. The stock has a market cap of $83.22 billion, a P/E ratio of 85.68, a price-to-earnings-growth ratio of 1.36 and a beta of 3.51. The company has a debt-to-equity ratio of 1.63, a quick ratio of 2.55 and a current ratio of 4.05. Carvana Co. has a 52-week low of $148.25 and a 52-week high of $413.33.

Carvana (NYSE:CVNA) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.26). The firm had revenue of $5.65 billion during the quarter, compared to analysts’ expectations of $5.04 billion. Carvana had a net margin of 3.44% and a return on equity of 30.62%. The company’s revenue for the quarter was up 54.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.64 EPS. Sell-side analysts predict that Carvana Co. will post 2.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Carvana in a report on Monday. Wall Street Zen downgraded Carvana from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. JPMorgan Chase & Co. raised their target price on Carvana from $425.00 to $490.00 and gave the company an “overweight” rating in a report on Tuesday, October 21st. Barclays assumed coverage on shares of Carvana in a research note on Tuesday, November 11th. They issued an “overweight” rating and a $390.00 price target for the company. Finally, Needham & Company LLC restated a “buy” rating and set a $500.00 price target on shares of Carvana in a report on Monday, November 17th. Eighteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $422.10.

Hedge Funds Weigh In On Carvana

Institutional investors and hedge funds have recently bought and sold shares of the stock. SJS Investment Consulting Inc. grew its position in Carvana by 28.3% in the third quarter. SJS Investment Consulting Inc. now owns 136 shares of the company’s stock valued at $51,000 after acquiring an additional 30 shares in the last quarter. Warren Street Wealth Advisors LLC lifted its holdings in shares of Carvana by 2.8% in the 2nd quarter. Warren Street Wealth Advisors LLC now owns 1,153 shares of the company’s stock worth $388,000 after purchasing an additional 31 shares during the last quarter. MAI Capital Management boosted its position in Carvana by 1.8% during the 2nd quarter. MAI Capital Management now owns 1,757 shares of the company’s stock valued at $592,000 after purchasing an additional 31 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in Carvana by 23.1% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 165 shares of the company’s stock valued at $62,000 after buying an additional 31 shares during the period. Finally, Gilder Gagnon Howe & Co. LLC boosted its holdings in shares of Carvana by 1.7% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 1,846 shares of the company’s stock valued at $622,000 after acquiring an additional 31 shares in the last quarter. 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.