Insider Selling: Carvana Co. (NYSE:CVNA) Insider Sells 14,548 Shares of Stock

Carvana Co. (NYSE:CVNA) insider Paul W. Breaux sold 14,548 shares of the firm’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $198.00, for a total transaction of $2,880,504.00. Following the completion of the sale, the insider now owns 119,494 shares of the company’s stock, valued at $23,659,812. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Carvana Stock Up 1.4 %

CVNA traded up $2.85 during midday trading on Thursday, hitting $200.19. The company had a trading volume of 2,932,898 shares, compared to its average volume of 4,815,938. Carvana Co. has a 52 week low of $25.09 and a 52 week high of $203.24. The company has a quick ratio of 2.02, a current ratio of 3.11 and a debt-to-equity ratio of 47.20. The company has a market capitalization of $40.55 billion, a price-to-earnings ratio of 87.80 and a beta of 3.44. The stock’s 50 day moving average price is $166.07 and its 200 day moving average price is $131.53.

Carvana (NYSE:CVNA) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.14 earnings per share (EPS) for the quarter. The firm had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.23 billion. On average, research analysts anticipate that Carvana Co. will post 0.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Stephens began coverage on shares of Carvana in a research note on Thursday, September 12th. They issued an “overweight” rating and a $190.00 target price for the company. Wedbush lifted their price objective on shares of Carvana from $150.00 to $175.00 and gave the company a “neutral” rating in a research note on Monday, October 7th. Citigroup lifted their price objective 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. JMP Securities reissued a “market outperform” rating and issued a $200.00 price objective on shares of Carvana in a research note on Monday, September 9th. Finally, Robert W. Baird assumed coverage on shares of Carvana in a research note on Thursday, August 1st. They issued a “neutral” rating and a $160.00 price objective on the stock. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $182.29.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sugarloaf Wealth Management LLC purchased a new position in Carvana in the third quarter valued at about $32,000. Ridgewood Investments LLC purchased a new stake in shares of Carvana during the 2nd quarter valued at approximately $32,000. Summit Securities Group LLC lifted its stake in shares of Carvana by 110.0% during the 2nd quarter. Summit Securities Group LLC now owns 300 shares of the company’s stock valued at $39,000 after buying an additional 3,300 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of Carvana by 450.8% during the 2nd quarter. Fifth Third Bancorp now owns 336 shares of the company’s stock valued at $43,000 after buying an additional 275 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Carvana during the 2nd quarter valued at approximately $51,000. 56.71% of the stock is currently 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.