Carvana Co. (NYSE:CVNA) Insider Daniel J. Gill Sells 44,000 Shares

Carvana Co. (NYSE:CVNA) insider Daniel J. Gill sold 44,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $259.47, for a total value of $11,416,680.00. Following the transaction, the insider now owns 191,225 shares in the company, valued at $49,617,150.75. This trade represents a 18.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Carvana Stock Performance

Shares of NYSE:CVNA traded up $0.60 on Tuesday, reaching $255.54. 1,653,271 shares of the company’s stock were exchanged, compared to its average volume of 2,362,707. The firm has a market capitalization of $53.06 billion, a price-to-earnings ratio of 25,601.60 and a beta of 3.32. The business’s 50-day moving average is $214.99 and its two-hundred day moving average is $160.59. The company has a quick ratio of 2.12, a current ratio of 3.25 and a debt-to-equity ratio of 18.99. Carvana Co. has a fifty-two week low of $36.53 and a fifty-two week high of $268.34.

Carvana (NYSE:CVNA) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.41. The firm had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.47 billion. During the same period in the prior year, the company posted $0.23 earnings per share. Carvana’s quarterly revenue was up 31.8% compared to the same quarter last year. As a group, equities research analysts forecast that Carvana Co. will post 0.76 EPS for the current year.

Institutional Investors Weigh In On Carvana

Large investors have recently modified their holdings of the stock. Cetera Investment Advisers raised its position in shares of Carvana by 171.7% during the first quarter. Cetera Investment Advisers now owns 20,862 shares of the company’s stock worth $1,834,000 after acquiring an additional 13,185 shares during the last quarter. Cetera Advisors LLC bought a new position in shares of Carvana in the 1st quarter valued at about $461,000. GAMMA Investing LLC lifted its holdings in shares of Carvana by 127.9% during the second quarter. GAMMA Investing LLC now owns 458 shares of the company’s stock worth $59,000 after buying an additional 257 shares in the last quarter. Hilltop National Bank bought a new position in Carvana in the 2nd quarter valued at approximately $68,000. Finally, CWM LLC lifted its position in shares of Carvana by 19.5% in the 2nd quarter. CWM LLC now owns 883 shares of the company’s stock worth $114,000 after purchasing an additional 144 shares during the period. 56.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CVNA shares. Citigroup boosted their target price on shares of Carvana from $125.00 to $195.00 and gave the company a “neutral” rating in a research note on Thursday, October 3rd. Robert W. Baird raised their price target on Carvana from $160.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Evercore ISI upped their price target on shares of Carvana from $240.00 to $245.00 and gave the stock an “in-line” rating in a report on Tuesday. JPMorgan Chase & Co. raised their price objective on Carvana from $230.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Finally, Wells Fargo & Company raised their target price on Carvana from $175.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Eleven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $220.94.

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.