Carvana Co. (NYSE:CVNA) Insider Sells $2,175,000.00 in Stock

Carvana Co. (NYSE:CVNA) insider Paul W. Breaux sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $145.00, for a total transaction of $2,175,000.00. Following the sale, the insider now directly owns 114,124 shares of the company’s stock, valued at approximately $16,547,980. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Carvana Stock Up 0.7 %

CVNA stock opened at $130.06 on Friday. The stock has a market cap of $26.35 billion, a PE ratio of 57.04 and a beta of 3.37. The firm’s 50-day simple moving average is $117.60 and its 200 day simple moving average is $86.55. Carvana Co. has a fifty-two week low of $25.09 and a fifty-two week high of $147.25.

Carvana (NYSE:CVNA) last announced its quarterly earnings results on Wednesday, May 1st. The company reported ($0.41) EPS for the quarter, beating the consensus estimate of ($0.76) by $0.35. The firm had revenue of $3.06 billion during the quarter, compared to analyst estimates of $2.72 billion. Equities analysts forecast that Carvana Co. will post -0.75 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Wells Fargo & Company increased their price objective on shares of Carvana from $60.00 to $77.00 and gave the company an “equal weight” rating in a research note on Thursday, May 2nd. Evercore ISI increased their price target on shares of Carvana from $135.00 to $140.00 and gave the stock an “in-line” rating in a research report on Tuesday, July 16th. JMP Securities reissued a “market outperform” rating and issued a $150.00 price objective on shares of Carvana in a report on Wednesday, July 10th. JPMorgan Chase & Co. increased their target price on Carvana from $150.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday. Finally, TD Cowen lifted their target price on Carvana from $58.00 to $70.00 and gave the stock a “hold” rating in a research report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $97.75.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Carvana by 0.7% in the third quarter. Vanguard Group Inc. now owns 9,367,976 shares of the company’s stock worth $393,268,000 after purchasing an additional 62,820 shares during the period. Diversified Trust Co boosted its holdings in shares of Carvana by 6.0% in the fourth quarter. Diversified Trust Co now owns 5,659 shares of the company’s stock valued at $300,000 after acquiring an additional 319 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Carvana during the fourth quarter valued at approximately $117,000. Raymond James Financial Services Advisors Inc. raised its holdings in Carvana by 2.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 55,669 shares of the company’s stock worth $2,947,000 after purchasing an additional 1,125 shares in the last quarter. Finally, PFG Investments LLC lifted its position in Carvana by 2.5% in the fourth quarter. PFG Investments LLC now owns 25,438 shares of the company’s stock worth $1,347,000 after purchasing an additional 615 shares during the period. Institutional investors and hedge funds own 56.71% of the company’s stock.

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.