Carvana (NYSE:CVNA) Stock: Insider J Danforth Quayle Sells 14,520 Shares

Carvana Co. (NYSE:CVNA) Director J Quayle sold 14,520 shares of the company’s stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $68.88, for a total transaction of $1,000,137.60. Following the transaction, the director directly owned 214,960 shares of the company’s stock, valued at approximately $14,806,444.80. This represents a 6.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, August 14th, J Quayle sold 14,525 shares of Carvana stock. The stock was sold at an average price of $75.00, for a total transaction of $1,089,375.00.

Carvana Price Performance

CVNA opened at $77.67 on Thursday. The company’s 50 day simple moving average is $65.85 and its 200 day simple moving average is $69.13. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.43 and a current ratio of 4.05. Carvana Co. has a 1 year low of $54.46 and a 1 year high of $97.38. The stock has a market capitalization of $85.47 billion, a PE ratio of 35.78, a P/E/G ratio of 1.83 and a beta of 3.66.

Carvana (NYSE:CVNA) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.05). The company had revenue of $8.04 billion for the quarter, compared to analyst estimates of $7.71 billion. Carvana had a return on equity of 34.77% and a net margin of 6.21%. The business’s revenue for the quarter was up 42.4% on a year-over-year basis. During the same period last year, the company posted $1.03 EPS. As a group, sell-side analysts expect that Carvana Co. will post 1.59 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on CVNA. DA Davidson restated a “neutral” rating and set a $67.00 price objective on shares of Carvana in a report on Thursday, October 29th. Evercore set a $75.00 target price on Carvana in a research report on Thursday, July 30th. Zacks Research cut Carvana from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 15th. Barclays boosted their price target on Carvana from $80.00 to $82.00 and gave the company an “overweight” rating in a research report on Friday, October 30th. Finally, Morgan Stanley restated an “overweight” rating on shares of Carvana in a research note on Thursday, October 29th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $82.09.

Carvana News Summary

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Carvana’s latest quarterly revenue rose 42.4% year over year to $8.04 billion, topping estimates of $7.71 billion. However, EPS of $0.39 missed the $0.44 consensus, making the results mixed.
• Neutral Sentiment: VP Stephen Palmer sold 5,000 shares under a pre-arranged Rule 10b5-1 plan, which makes the transaction less informative about his current outlook. Palmer sale report
• Negative Sentiment: Insider selling was broader: Daniel Gill sold 253,639 shares—about 24.7% of his stake—for roughly $18.1 million, reportedly without a trading plan. The CFO and two directors also sold shares, adding to concerns about insider sentiment, though the filings do not explain their reasons. Gill sale report
• Negative Sentiment: A Yahoo Finance article asks whether Carvana stock could “crash from here,” highlighting downside concerns; the provided article details do not specify a particular new trigger. Carvana downside-risk article

Institutional Investors Weigh In On Carvana

Institutional investors have recently bought and sold shares of the business. Provenance Wealth Advisors LLC acquired a new stake in shares of Carvana in the third quarter valued at about $25,000. Ascentis Independent Advisors purchased a new stake in shares of Carvana during the 1st quarter valued at about $26,000. Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of Carvana by 152.6% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 96 shares of the company’s stock valued at $30,000 after buying an additional 58 shares during the period. Transamerica Financial Advisors LLC raised its holdings in shares of Carvana by 558.0% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 454 shares of the company’s stock valued at $30,000 after buying an additional 385 shares during the period. Finally, GoalVest Advisory LLC lifted its position in Carvana by 400.0% during the 2nd quarter. GoalVest Advisory LLC now owns 500 shares of the company’s stock worth $33,000 after acquiring an additional 400 shares in the last quarter. 56.71% of the stock is currently owned by hedge funds and other institutional investors.

Carvana Company Profile

Carvana Co (NYSE: CVNA) is an online automotive retailer that sells used vehicles through its digital platform. Customers can browse vehicles, review detailed descriptions and vehicle history information, arrange financing, complete transactions online and choose home delivery or pickup at a Carvana location.

The company also provides vehicle trade-in services and offers related products, including vehicle protection plans and other automotive services. Carvana is known for its automated, glass-enclosed vehicle vending machines, which provide an alternative pickup experience in select markets.

Founded in 2012 and headquartered in Tempe, Arizona, Carvana began operations as an online used-car retailer in 2013 and went public in 2017.