Benjamin E. Huston Sells 50,000 Shares of Carvana Co. (NYSE:CVNA) Stock

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

Carvana Stock Down 10.6 %

Shares of Carvana stock opened at $166.65 on Wednesday. The firm’s 50 day moving average price is $228.25 and its 200-day moving average price is $214.65. 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 Co. has a 52-week low of $67.61 and a 52-week high of $292.84. The company has a market cap of $35.52 billion, a P/E ratio of 106.14 and a beta of 3.56.

Carvana (NYSE:CVNA) last issued its quarterly earnings data 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. The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.32 billion. Carvana had a net margin of 1.54% and a return on equity of 36.59%. On average, sell-side analysts predict that Carvana Co. will post 2.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CVNA shares. JMP Securities reaffirmed a “market outperform” rating and issued a $320.00 price target on shares of Carvana in a research note on Monday, December 16th. Stephens reaffirmed an “overweight” rating and issued a $300.00 price target on shares of Carvana in a research note on Monday, March 3rd. Wedbush set a $250.00 target price on shares of Carvana and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Wells Fargo & Company cut their target price on shares of Carvana from $300.00 to $275.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Finally, Needham & Company LLC reissued a “buy” rating and set a $340.00 target price on shares of Carvana in a research report on Friday, March 7th. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Carvana currently has a consensus rating of “Moderate Buy” and an average target price of $262.71.

Institutional Trading of Carvana

A number of institutional investors have recently bought and sold shares of the stock. Fidelis Capital Partners LLC boosted its stake in Carvana by 3.4% in the 4th quarter. Fidelis Capital Partners LLC now owns 1,541 shares of the company’s stock worth $313,000 after purchasing an additional 51 shares in the last quarter. Bleakley Financial Group LLC boosted its stake in Carvana by 2.8% in the 4th quarter. Bleakley Financial Group LLC now owns 2,373 shares of the company’s stock worth $483,000 after purchasing an additional 65 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Carvana by 21.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 426 shares of the company’s stock worth $87,000 after purchasing an additional 74 shares in the last quarter. Great Lakes Advisors LLC boosted its stake in Carvana by 2.1% in the 4th quarter. Great Lakes Advisors LLC now owns 3,698 shares of the company’s stock worth $752,000 after purchasing an additional 77 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its stake in Carvana by 109.9% in the 4th quarter. Global Retirement Partners LLC now owns 149 shares of the company’s stock worth $30,000 after purchasing an additional 78 shares in the last quarter. 56.71% of the stock is currently owned by institutional investors and hedge funds.

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.