Carvana Co. (NYSE:CVNA – Get Free Report) Director J Danforth Quayle sold 14,525 shares of Carvana stock in a transaction on Friday, August 14th. The stock was sold at an average price of $75.00, for a total transaction of $1,089,375.00. Following the completion of the transaction, the director owned 214,960 shares in the company, valued at $16,122,000. This trade represents a 6.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
J Danforth Quayle also recently made the following trade(s):
- On Wednesday, June 10th, J Danforth Quayle sold 14,525 shares of Carvana stock. The stock was sold at an average price of $70.00, for a total transaction of $1,016,750.00.
Carvana Stock Performance
CVNA stock traded down $5.48 during mid-day trading on Monday, reaching $70.11. 7,505,786 shares of the stock traded hands, compared to its average volume of 14,558,223. The firm has a market capitalization of $77.15 billion, a PE ratio of 38.78, a P/E/G ratio of 2.75 and a beta of 3.46. The business has a 50-day moving average of $67.23 and a two-hundred day moving average of $69.18. Carvana Co. has a 52 week low of $54.46 and a 52 week high of $97.38. The company has a quick ratio of 2.33, a current ratio of 3.93 and a debt-to-equity ratio of 0.94.
Wall Street Analysts Forecast Growth
CVNA has been the topic of several recent analyst reports. Argus dropped their price target on Carvana from $500.00 to $100.00 in a research report on Monday, May 11th. Barclays reduced their price objective on Carvana from $94.00 to $93.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. BNP Paribas Exane dropped their target price on shares of Carvana from $86.00 to $69.00 and set a “hold” rating on the stock in a research report on Thursday, July 30th. Stephens upped their target price on shares of Carvana from $86.00 to $97.00 in a research note on Thursday, April 30th. Finally, UBS Group reissued a “buy” rating and issued a $83.00 price target on shares of Carvana in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Carvana has an average rating of “Moderate Buy” and a consensus price target of $84.14.
Check Out Our Latest Report on Carvana
Hedge Funds Weigh In On Carvana
Several large investors have recently added to or reduced their stakes in CVNA. Royal Bank of Canada grew its holdings in shares of Carvana by 40.8% during the 1st quarter. Royal Bank of Canada now owns 29,867 shares of the company’s stock worth $6,243,000 after purchasing an additional 8,654 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in Carvana by 251.4% in the first quarter. Geneos Wealth Management Inc. now owns 253 shares of the company’s stock worth $53,000 after purchasing an additional 181 shares during the period. Cerity Partners LLC boosted its stake in Carvana by 28.8% during the second quarter. Cerity Partners LLC now owns 5,481 shares of the company’s stock worth $1,847,000 after buying an additional 1,226 shares in the last quarter. AXA S.A. boosted its stake in Carvana by 340.7% during the second quarter. AXA S.A. now owns 4,253 shares of the company’s stock worth $1,433,000 after buying an additional 3,288 shares in the last quarter. Finally, NewEdge Advisors LLC increased its holdings in Carvana by 9.1% in the 2nd quarter. NewEdge Advisors LLC now owns 9,893 shares of the company’s stock valued at $3,334,000 after buying an additional 825 shares during the period. Institutional investors and hedge funds own 56.71% of the company’s stock.
About Carvana
Carvana Co is an online-only retailer of used vehicles that operates a consumer-facing e-commerce platform for buying and selling cars. The company markets and sells inspected, reconditioned pre-owned vehicles through its website, where shoppers can browse inventory, view detailed 360-degree photos and vehicle history reports, finance purchases, and arrange delivery or pickup. Carvana’s model is built around a digital end-to-end car buying experience that aims to simplify vehicle transactions compared with traditional dealerships.
Its products and services include direct retail sales of used cars, trade-in and purchase offers for consumer vehicles, vehicle financing and related protection products, and a seven-day return policy that allows customers to test a vehicle in everyday use.
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