Carvana Co. (NYSE:CVNA – Get Free Report) COO Benjamin E. Huston sold 50,000 shares of Carvana stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $178.49, for a total value of $8,924,500.00. Following the completion of the sale, the chief operating officer now owns 196,278 shares in the company, valued at approximately $35,033,660.22. This trade represents a 20.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Carvana Trading Up 2.8 %
NYSE:CVNA opened at $186.28 on Tuesday. 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 business’s 50 day moving average is $228.89 and its two-hundred day moving average is $214.54. The company has a market cap of $39.71 billion, a PE ratio of 118.65 and a beta of 3.56. Carvana Co. has a 52 week low of $67.61 and a 52 week high of $292.84.
Carvana (NYSE:CVNA – Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.29 by $0.27. Carvana had a return on equity of 36.59% and a net margin of 1.54%. The firm had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.32 billion. On average, analysts predict that Carvana Co. will post 2.85 EPS for the current year.
Hedge Funds Weigh In On Carvana
Analyst Ratings Changes
A number of analysts have commented on CVNA shares. Royal Bank of Canada boosted their target price on Carvana from $280.00 to $320.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Wells Fargo & Company dropped their target price on Carvana from $300.00 to $275.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Stephens reiterated an “overweight” rating and issued a $300.00 target price on shares of Carvana in a research note on Monday, March 3rd. JMP Securities restated a “market outperform” rating and set a $320.00 price target on shares of Carvana in a research note on Monday, December 16th. Finally, Evercore ISI decreased their target price on Carvana from $250.00 to $240.00 and set an “in-line” rating for the company in a research report on Tuesday, March 11th. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Carvana currently has an average rating of “Moderate Buy” and a consensus price target of $262.71.
Get Our Latest Analysis on Carvana
About Carvana
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.
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