Benjamin E. Huston Sells 26,753 Shares of Carvana Co. (NYSE:CVNA) Stock

Carvana Co. (NYSE:CVNA) COO Benjamin E. Huston sold 26,753 shares of the firm’s stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $300.00, for a total value of $8,025,900.00. Following the sale, the chief operating officer now directly owns 149,294 shares of the company’s stock, valued at $44,788,200. This represents a 15.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Carvana Stock Up 0.8%

NYSE:CVNA opened at $299.68 on Friday. Carvana Co. has a 12-month low of $97.55 and a 12-month high of $311.88. The company has a quick ratio of 2.12, a current ratio of 3.64 and a debt-to-equity ratio of 3.82. The firm has a market capitalization of $63.88 billion, a P/E ratio of 190.88 and a beta of 3.61. The stock’s fifty day simple moving average is $220.71 and its 200-day simple moving average is $230.33.

Carvana (NYSE:CVNA) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.76. Carvana had a return on equity of 36.59% and a net margin of 1.54%. The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $3.94 billion. During the same period last year, the company earned $0.23 EPS. The firm’s revenue was up 38.3% on a year-over-year basis. Equities research analysts expect that Carvana Co. will post 2.85 earnings per share for the current year.

Analysts Set New Price Targets

CVNA has been the subject of a number of recent analyst reports. Morgan Stanley raised their price target on Carvana from $280.00 to $290.00 and gave the company an “overweight” rating in a report on Thursday. Wedbush raised Carvana to a “hold” rating in a report on Thursday, May 8th. JPMorgan Chase & Co. dropped their price target on Carvana from $365.00 to $325.00 and set an “overweight” rating for the company in a report on Thursday, March 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $340.00 price target on shares of Carvana in a report on Thursday, May 8th. Finally, Evercore ISI lowered their target price on Carvana from $250.00 to $240.00 and set an “in-line” rating for the company in a research note on Tuesday, March 11th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $269.18.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CVNA. Oak Thistle LLC lifted its holdings in Carvana by 115.9% during the fourth quarter. Oak Thistle LLC now owns 3,238 shares of the company’s stock worth $658,000 after acquiring an additional 1,738 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in Carvana by 33.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 382,607 shares of the company’s stock worth $77,807,000 after acquiring an additional 95,497 shares in the last quarter. Avanza Fonder AB bought a new position in Carvana during the fourth quarter worth about $2,373,000. Atomi Financial Group Inc. lifted its holdings in Carvana by 9.1% during the fourth quarter. Atomi Financial Group Inc. now owns 1,805 shares of the company’s stock worth $367,000 after acquiring an additional 151 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in Carvana by 0.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 27,817 shares of the company’s stock worth $5,657,000 after acquiring an additional 86 shares in the last quarter. 56.71% of the stock is currently owned by institutional investors.

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.