Carvana (NYSE:CVNA) Director Sells $1,089,375.00 in Stock

Carvana Co. (NYSE:CVNA) Director J Danforth Quayle sold 14,525 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $75.00, for a total value of $1,089,375.00. Following the sale, the director owned 214,960 shares of the company’s stock, valued at approximately $16,122,000. This represents a 6.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

J Danforth Quayle also recently made the following trade(s):

• On Wednesday, June 10th, J Danforth Quayle sold 14,525 shares of Carvana stock. The shares were sold at an average price of $70.00, for a total value of $1,016,750.00.

Carvana Stock Performance

Shares of CVNA stock opened at $70.43 on Thursday. Carvana Co. has a fifty-two week low of $54.46 and a fifty-two week high of $97.38. The stock’s 50-day moving average is $67.20 and its two-hundred day moving average is $68.72. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.93 and a quick ratio of 2.33. The firm has a market cap of $77.51 billion, a P/E ratio of 38.95, a PEG ratio of 2.36 and a beta of 3.46.

Carvana (NYSE:CVNA) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.03. Carvana had a return on equity of 37.06% and a net margin of 6.26%.The business had revenue of $7.38 billion during the quarter, compared to analyst estimates of $6.90 billion. During the same period in the previous year, the company earned $1.51 EPS. The firm’s revenue was up 52.4% on a year-over-year basis. Analysts predict that Carvana Co. will post 1.68 earnings per share for the current fiscal year.

Trending Headlines about Carvana

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Reports indicated that Walter’s Carvana shares are pledged to Citigroup, potentially limiting his ability to sell them immediately. The reduced near-term supply risk helped restore investor confidence. Carvana Shares Rebound as Mark Walter Selloff Fears Ease
• Positive Sentiment: Carvana’s latest quarterly results remain a fundamental support: revenue rose 52.4% year over year to $7.38 billion, exceeding estimates, while earnings of $0.42 per share topped expectations. Analysts maintain a Moderate Buy consensus and an average price target of $84.14, above recent trading levels.
• Positive Sentiment: A GuruFocus analysis assigned Carvana a GF Score of 73, reflecting continued investor interest in the company’s growth and operating performance. Carvana GF Score Analysis
• Neutral Sentiment: Analyst sentiment remains broadly favorable, with multiple Buy or Overweight ratings and targets ranging from $67 to $120, but the wide range highlights disagreement over Carvana’s valuation and business-model sustainability.
• Negative Sentiment: Investor jitters persist around the federal investigation, Walter’s liquidity needs and the possibility that his stake could eventually enter the market. These concerns contributed to a potential worst weekly performance since February. Carvana Investor Jitters
• Negative Sentiment: Unusual options activity showed investors purchasing 89,113 put options, about 48% above average, signaling elevated demand for downside protection or bearish speculation.
• Negative Sentiment: Director J. Danforth Quayle sold 14,525 shares under a pre-arranged Rule 10b5-1 plan. Although scheduled in advance, the transaction adds to selling-related investor concerns.

Analyst Upgrades and Downgrades

CVNA has been the subject of several analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Carvana in a research note on Thursday, July 30th. Wells Fargo & Company set a $80.00 price target on Carvana and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Robert W. Baird set a $72.00 price objective on Carvana in a report on Thursday, July 30th. Hovde Group boosted their target price on Carvana from $39.50 to $48.00 and gave the stock a “market perform” rating in a report on Tuesday, August 4th. Finally, Weiss Ratings upgraded Carvana from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Carvana presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.14.

Institutional Trading of Carvana

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CVNA. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Carvana by 561.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 15,014 shares of the company’s stock worth $988,000 after buying an additional 12,744 shares during the last quarter. Greenleaf Trust bought a new position in Carvana during the second quarter worth $242,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Carvana by 345.8% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,325,237 shares of the company’s stock valued at $218,867,000 after purchasing an additional 2,579,295 shares during the last quarter. New Mexico Educational Retirement Board boosted its holdings in Carvana by 449.2% in the 2nd quarter. New Mexico Educational Retirement Board now owns 35,700 shares of the company’s stock valued at $2,350,000 after purchasing an additional 29,200 shares during the period. Finally, Royal London Asset Management Ltd. grew its position in Carvana by 399.1% in the 2nd quarter. Royal London Asset Management Ltd. now owns 295,849 shares of the company’s stock worth $19,473,000 after purchasing an additional 236,574 shares during the last quarter. Institutional investors and hedge funds own 56.71% of the company’s stock.

Carvana Company Profile

Carvana Co is an online-only retailer of used vehicles that operates a consumer-facing e-commerce platform for buying and selling cars. The company markets and sells inspected, reconditioned pre-owned vehicles through its website, where shoppers can browse inventory, view detailed 360-degree photos and vehicle history reports, finance purchases, and arrange delivery or pickup. Carvana’s model is built around a digital end-to-end car buying experience that aims to simplify vehicle transactions compared with traditional dealerships.

Its products and services include direct retail sales of used cars, trade-in and purchase offers for consumer vehicles, vehicle financing and related protection products, and a seven-day return policy that allows customers to test a vehicle in everyday use.