Paul W. Breaux Sells 1,362 Shares of Carvana Co. (NYSE:CVNA) Stock

Carvana Co. (NYSE:CVNA) insider Paul W. Breaux sold 1,362 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $270.08, for a total transaction of $367,848.96. Following the sale, the insider now owns 153,240 shares of the company’s stock, valued at approximately $41,387,059.20. The trade was a 0.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Carvana Stock Performance

Shares of CVNA opened at $273.29 on Friday. Carvana Co. has a 52-week low of $48.15 and a 52-week high of $273.37. The company has a quick ratio of 2.12, a current ratio of 3.25 and a debt-to-equity ratio of 18.99. The firm has a market capitalization of $56.74 billion, a PE ratio of 27,356.16 and a beta of 3.37. The firm has a 50-day moving average price of $231.76 and a 200 day moving average price of $202.23.

Institutional Investors Weigh In On Carvana

A number of institutional investors and hedge funds have recently bought and sold shares of CVNA. Quent Capital LLC acquired a new stake in Carvana in the 4th quarter valued at about $28,000. Global Retirement Partners LLC lifted its holdings in Carvana by 109.9% in the 4th quarter. Global Retirement Partners LLC now owns 149 shares of the company’s stock valued at $30,000 after acquiring an additional 78 shares during the last quarter. Rialto Wealth Management LLC acquired a new stake in Carvana in the 4th quarter valued at about $31,000. ORG Wealth Partners LLC acquired a new stake in Carvana in the 4th quarter valued at about $34,000. Finally, Capital Performance Advisors LLP acquired a new stake in Carvana in the 3rd quarter valued at about $40,000. 56.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CVNA. Stephens reiterated an “overweight” rating and set a $300.00 target price on shares of Carvana in a research note on Thursday, February 6th. Robert W. Baird upped their price target on shares of Carvana from $160.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Jefferies Financial Group upped their price target on shares of Carvana from $150.00 to $185.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. JMP Securities restated a “market outperform” rating and set a $320.00 price target on shares of Carvana in a research report on Monday, December 16th. Finally, Piper Sandler upped their price target on shares of Carvana from $151.00 to $225.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $249.29.

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.