Insider Selling: Carvana Co. (NYSE:CVNA) Insider Sells 27,593 Shares of Stock

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

Carvana Price Performance

Shares of Carvana stock opened at $205.12 on Thursday. The business has a 50 day moving average of $228.32 and a 200 day moving average of $216.50. Carvana Co. has a 52 week low of $67.61 and a 52 week high of $292.84. The company has a market cap of $43.72 billion, a PE ratio of 130.65 and a beta of 3.56. The company has a quick ratio of 2.12, a current ratio of 3.64 and a debt-to-equity ratio of 3.82.

Carvana (NYSE:CVNA) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.29 by $0.27. The business had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.32 billion. Carvana had a net margin of 1.54% and a return on equity of 36.59%. As a group, equities research analysts forecast that Carvana Co. will post 2.85 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CVNA. Piper Sandler upgraded shares of Carvana from a “neutral” rating to an “overweight” rating and set a $225.00 target price for the company in a research report on Thursday, March 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $340.00 price objective on shares of Carvana in a report on Friday, March 7th. Morgan Stanley raised Carvana from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $260.00 to $280.00 in a research note on Tuesday. Stephens reaffirmed an “overweight” rating and set a $300.00 price target on shares of Carvana in a research note on Monday, March 3rd. Finally, Wedbush set a $250.00 price objective on Carvana and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $263.88.

Institutional Trading of Carvana

Large investors have recently bought and sold shares of the company. Quent Capital LLC bought a new position in shares of Carvana in the 4th quarter worth approximately $28,000. Global Retirement Partners LLC raised its holdings in Carvana by 109.9% in the fourth quarter. Global Retirement Partners LLC now owns 149 shares of the company’s stock worth $30,000 after purchasing an additional 78 shares in the last quarter. Rialto Wealth Management LLC purchased a new position in Carvana during the fourth quarter valued at $31,000. ORG Wealth Partners LLC bought a new stake in shares of Carvana during the 4th quarter valued at $34,000. Finally, Versant Capital Management Inc purchased a new stake in shares of Carvana in the 4th quarter worth about $42,000. 56.71% of the stock is owned by 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.