Carvana Co. (NYSE:CVNA – Get Free Report) COO Benjamin Huston sold 50,000 shares of the business’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $71.55, for a total transaction of $3,577,500.00. Following the completion of the sale, the chief operating officer owned 478,693 shares in the company, valued at approximately $34,250,484.15. The trade was a 9.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Carvana Trading Down 1.3%
Shares of Carvana stock opened at $73.21 on Friday. The firm has a market cap of $80.56 billion, a price-to-earnings ratio of 40.49, a PEG ratio of 2.17 and a beta of 3.49. The business has a 50-day moving average price of $68.65 and a 200-day moving average price of $68.27. The company has a quick ratio of 2.33, a current ratio of 3.93 and a debt-to-equity ratio of 0.94. Carvana Co. has a twelve month low of $54.46 and a twelve month high of $97.38.
Carvana (NYSE:CVNA – Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. Carvana had a return on equity of 37.06% and a net margin of 6.26%.The company had revenue of $7.38 billion for the quarter, compared to the consensus estimate of $6.90 billion. During the same period in the previous year, the business earned $1.51 earnings per share. The firm’s revenue for the quarter was up 52.4% on a year-over-year basis. Equities research analysts anticipate that Carvana Co. will post 1.65 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Check Out Our Latest Analysis on CVNA
Hedge Funds Weigh In On Carvana
A number of large investors have recently made changes to their positions in the company. Gilder Gagnon Howe & Co. LLC grew its holdings in Carvana by 1.7% during the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 1,846 shares of the company’s stock valued at $622,000 after purchasing an additional 31 shares during the last quarter. Insigneo Advisory Services LLC lifted its stake in shares of Carvana by 4.8% during the 4th quarter. Insigneo Advisory Services LLC now owns 696 shares of the company’s stock worth $294,000 after acquiring an additional 32 shares during the last quarter. Benjamin Edwards Inc. boosted its holdings in Carvana by 6.2% during the 4th quarter. Benjamin Edwards Inc. now owns 586 shares of the company’s stock valued at $247,000 after acquiring an additional 34 shares during the period. SJS Investment Consulting Inc. boosted its holdings in Carvana by 29.8% during the 1st quarter. SJS Investment Consulting Inc. now owns 183 shares of the company’s stock valued at $58,000 after acquiring an additional 42 shares during the period. Finally, Moors & Cabot Inc. grew its position in Carvana by 5.7% in the 3rd quarter. Moors & Cabot Inc. now owns 813 shares of the company’s stock valued at $307,000 after acquiring an additional 44 shares during the last quarter. 56.71% of the stock is owned by hedge funds and other institutional investors.
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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