Insider Selling: Carvana Co. (NYSE:CVNA) Insider Sells 1,362 Shares of Stock

Carvana Co. (NYSE:CVNA) insider Paul W. Breaux sold 1,362 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $270.08, for a total value of $367,848.96. Following the transaction, the insider now owns 153,240 shares of the company’s stock, valued at approximately $41,387,059.20. This trade represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Carvana Trading Down 1.2 %

CVNA traded down $3.18 on Wednesday, hitting $267.97. The company had a trading volume of 2,133,036 shares, compared to its average volume of 3,659,536. Carvana Co. has a 12-month low of $48.15 and a 12-month high of $272.96. The company has a quick ratio of 2.12, a current ratio of 3.25 and a debt-to-equity ratio of 18.99. The business’s fifty day simple moving average is $231.41 and its 200 day simple moving average is $201.73. The company has a market cap of $55.64 billion, a PE ratio of 26,823.82 and a beta of 3.37.

Hedge Funds Weigh In On Carvana

Large investors have recently modified their holdings of the stock. Selway Asset Management purchased a new position in shares of Carvana during the fourth quarter valued at approximately $203,000. Motley Fool Asset Management LLC lifted its stake in shares of Carvana by 11.4% during the 4th quarter. Motley Fool Asset Management LLC now owns 1,892 shares of the company’s stock worth $385,000 after acquiring an additional 194 shares during the last quarter. World Investment Advisors boosted its holdings in Carvana by 9.1% during the 4th quarter. World Investment Advisors now owns 12,585 shares of the company’s stock valued at $2,559,000 after acquiring an additional 1,045 shares during the period. Ardmore Road Asset Management LP bought a new position in Carvana in the 4th quarter valued at $20,336,000. Finally, Geode Capital Management LLC increased its stake in Carvana by 4.2% in the fourth quarter. Geode Capital Management LLC now owns 1,878,796 shares of the company’s stock worth $381,592,000 after purchasing an additional 75,250 shares during the period. Institutional investors own 56.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CVNA shares. Robert W. Baird boosted their price objective on Carvana from $160.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Royal Bank of Canada upgraded Carvana from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $270.00 to $280.00 in a research note on Tuesday, January 7th. Morgan Stanley upgraded Carvana from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $110.00 to $260.00 in a research note on Tuesday, November 5th. Stephens reissued an “overweight” rating and issued a $300.00 price target on shares of Carvana in a report on Thursday, February 6th. Finally, JPMorgan Chase & Co. boosted their price target on Carvana from $300.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $249.29.

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.