Carvana Co. (NYSE:CVNA) COO Sells $10,517,500.00 in Stock

Carvana Co. (NYSE:CVNA) COO Benjamin E. Huston sold 50,000 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $210.35, for a total value of $10,517,500.00. Following the transaction, the chief operating officer now directly owns 146,278 shares in the company, valued at $30,769,577.30. The trade was a 25.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Carvana Price Performance

Shares of NYSE:CVNA opened at $204.45 on Friday. The company has a debt-to-equity ratio of 3.82, a current ratio of 3.64 and a quick ratio of 2.12. The stock has a market capitalization of $43.58 billion, a P/E ratio of 130.22 and a beta of 3.56. The business has a 50-day moving average of $227.77 and a two-hundred day moving average of $216.41. Carvana Co. has a fifty-two week low of $67.61 and a fifty-two week high of $292.84.

Carvana (NYSE:CVNA) last announced its earnings results on Wednesday, February 19th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $3.32 billion. On average, equities research analysts predict that Carvana Co. will post 2.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CVNA. FMR LLC lifted its position in Carvana by 90.8% during the 3rd quarter. FMR LLC now owns 12,361,790 shares of the company’s stock worth $2,152,311,000 after acquiring an additional 5,882,656 shares during the last quarter. Whale Rock Capital Management LLC acquired a new stake in Carvana in the 3rd quarter valued at approximately $162,953,000. Norges Bank acquired a new stake in Carvana in the 4th quarter valued at approximately $179,364,000. Vanguard Group Inc. increased its position in Carvana by 5.6% in the 4th quarter. Vanguard Group Inc. now owns 11,425,367 shares of the company’s stock worth $2,323,463,000 after buying an additional 610,234 shares during the period. Finally, Castle Hook Partners LP acquired a new position in shares of Carvana during the fourth quarter worth approximately $116,020,000. 56.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CVNA. Royal Bank of Canada upped their target price on Carvana from $280.00 to $320.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Wells Fargo & Company dropped their price objective on shares of Carvana from $300.00 to $275.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Citigroup increased their target price on shares of Carvana from $277.00 to $320.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. William Blair restated an “outperform” rating on shares of Carvana in a report on Thursday, February 20th. Finally, Stephens reiterated an “overweight” rating and set a $300.00 price objective on shares of Carvana in a report on Monday, March 3rd. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $261.53.

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.