Carvana (NYSE:CVNA) Insider Thomas Taira Sells 16,789 Shares

Carvana Co. (NYSE:CVNA) insider Thomas Taira sold 16,789 shares of the business’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $70.58, for a total transaction of $1,184,967.62. Following the sale, the insider owned 366,987 shares of the company’s stock, valued at approximately $25,901,942.46. The trade was a 4.37% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Carvana Trading Down 2.3%

Carvana stock opened at $65.38 on Thursday. The firm’s 50-day moving average is $69.41 and its 200-day moving average is $68.47. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.33 and a current ratio of 3.93. Carvana Co. has a 1 year low of $54.46 and a 1 year high of $97.38. The company has a market cap of $71.95 billion, a P/E ratio of 36.16, a PEG ratio of 1.93 and a beta of 3.49.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CVNA. Capital Research Global Investors grew its holdings in Carvana by 42.9% in the 4th quarter. Capital Research Global Investors now owns 5,700,953 shares of the company’s stock worth $2,405,959,000 after buying an additional 1,711,144 shares in the last quarter. Geode Capital Management LLC raised its stake in Carvana by 55.4% during the 4th quarter. Geode Capital Management LLC now owns 3,880,711 shares of the company’s stock valued at $1,632,763,000 after acquiring an additional 1,382,852 shares in the last quarter. Sands Capital Management LLC boosted its position in Carvana by 44.4% during the 4th quarter. Sands Capital Management LLC now owns 2,442,534 shares of the company’s stock worth $1,030,798,000 after acquiring an additional 751,019 shares during the period. Spruce House Investment Management LLC boosted its position in Carvana by 2.6% during the 1st quarter. Spruce House Investment Management LLC now owns 2,335,000 shares of the company’s stock worth $734,077,000 after acquiring an additional 60,000 shares during the period. Finally, Capital World Investors boosted its position in Carvana by 58.6% during the 4th quarter. Capital World Investors now owns 1,278,944 shares of the company’s stock worth $539,740,000 after acquiring an additional 472,701 shares during the period. Institutional investors own 56.71% of the company’s stock.

Wall Street Analyst Weigh In

CVNA has been the subject of several recent research reports. Zacks Research lowered Carvana from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 15th. Wells Fargo & Company set a $80.00 price target on Carvana and gave the stock an “overweight” rating in a report on Thursday, July 30th. Needham & Company LLC restated a “buy” rating and set a $120.00 price objective on shares of Carvana in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $80.00 price objective on shares of Carvana in a research note on Friday, July 31st. Finally, Barclays dropped their target price on Carvana from $94.00 to $93.00 and set an “overweight” rating on the stock in a research report on Friday, July 31st. 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 stock. Based on data from MarketBeat, Carvana presently has an average rating of “Moderate Buy” and a consensus price target of $84.14.

About Carvana

Carvana Co (NYSE: CVNA) is an online used-car retailer that enables consumers to research, purchase, finance and sell vehicles through its website and mobile platform. The company offers a selection of used cars, trucks and SUVs, with vehicle listings that generally include photographs, pricing and vehicle-history information.

Customers can complete much of the vehicle-buying process online, including applying for financing, arranging trade-ins and scheduling vehicle pickup or delivery.