Insider Selling: Carvana Co. (NYSE:CVNA) Insider Sells $6,209,252.79 in Stock

Carvana Co. (NYSE:CVNA) insider Thomas Taira sold 27,593 shares of the stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $225.03, for a total transaction of $6,209,252.79. Following the sale, the insider now owns 179,673 shares in the company, valued at approximately $40,431,815.19. The trade was a 13.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Carvana Stock Performance

NYSE:CVNA opened at $204.40 on Friday. The company has a debt-to-equity ratio of 3.82, a quick ratio of 2.12 and a current ratio of 3.64. The stock has a 50-day simple moving average of $227.25 and a two-hundred day simple moving average of $216.89. The firm has a market capitalization of $43.57 billion, a PE ratio of 130.19 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) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.56 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.32 billion. Analysts forecast that Carvana Co. will post 2.85 EPS for the current year.

Analyst Upgrades and Downgrades

CVNA has been the subject of a number of research analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $340.00 target price on shares of Carvana in a report on Friday, March 7th. Wedbush set a $250.00 target price on Carvana and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. William Blair reaffirmed an “outperform” rating on shares of Carvana in a report on Thursday, February 20th. Royal Bank of Canada boosted their price objective on shares of Carvana from $280.00 to $320.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Finally, DA Davidson raised their target price on shares of Carvana from $220.00 to $260.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $261.53.

Institutional Trading of Carvana

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