Carvana (NYSE:CVNA) Director Sells $1,000,137.60 in Stock

Carvana Co. (NYSE:CVNA – Get Free Report) Director J Quayle sold 14,520 shares of the stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $68.88, for a total value of $1,000,137.60. Following the completion of the transaction, the director directly owned 214,960 shares in the company, valued at approximately $14,806,444.80. This trade represents a 6.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

J Danforth Quayle also recently made the following trade(s):

  • On Friday, August 14th, J Quayle sold 14,525 shares of Carvana stock. The stock was sold at an average price of $75.00, for a total value of $1,089,375.00.

Carvana Stock Down 0.9%

NYSE CVNA traded down $0.62 on Tuesday, reaching $71.38. 9,959,162 shares of the stock traded hands, compared to its average volume of 13,071,145. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.33 and a current ratio of 3.93. The company has a fifty day moving average price of $65.83 and a 200-day moving average price of $69.31. The company has a market cap of $78.55 billion, a price-to-earnings ratio of 35.84, a PEG ratio of 1.75 and a beta of 3.55. Carvana Co. has a 12 month low of $54.46 and a 12 month high of $97.38.

Carvana (NYSE:CVNA – Get Free Report) last issued its earnings results on Wednesday, October 28th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.05). Carvana had a return on equity of 36.63% and a net margin of 6.21%. The firm had revenue of $8.04 billion during the quarter, compared to analysts’ expectations of $7.71 billion. During the same quarter in the prior year, the company posted $1.03 earnings per share. Carvana’s quarterly revenue was up 42.4% compared to the same quarter last year. As a group, research analysts forecast that Carvana Co. will post 1.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Annis Gardner Whiting Capital Advisors LLC grew its stake in Carvana by 152.6% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 96 shares of the company’s stock valued at $30,000 after purchasing an additional 58 shares during the last quarter. Meeder Advisory Services Inc. lifted its position in shares of Carvana by 3.9% during the first quarter. Meeder Advisory Services Inc. now owns 1,993 shares of the company’s stock valued at $627,000 after buying an additional 75 shares during the last quarter. Ascentis Independent Advisors purchased a new stake in shares of Carvana during the first quarter valued at about $26,000. Whipplewood Advisors LLC purchased a new stake in shares of Carvana during the first quarter valued at about $36,000. Finally, Root Financial Partners LLC boosted its holdings in shares of Carvana by 114.1% in the 1st quarter. Root Financial Partners LLC now owns 289 shares of the company’s stock valued at $91,000 after buying an additional 154 shares in the last quarter. 56.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on CVNA shares. Hovde Group upped their price objective on shares of Carvana from $39.50 to $48.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 4th. Needham & Company LLC cut their target price on shares of Carvana from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, October 29th. Citigroup reissued a “market outperform” rating on shares of Carvana in a research report on Wednesday, October 28th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $85.00 price target on shares of Carvana in a report on Thursday, October 29th. Finally, BTIG Research set a $82.00 price target on shares of Carvana and gave the stock a “buy” rating in a research report on Thursday, October 29th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.09.

Get Our Latest Report on CVNA

About Carvana

(Get Free Report)

Carvana Co (NYSE: CVNA) is an online automotive retailer that sells used vehicles through its digital platform. Customers can browse vehicles, review detailed descriptions and vehicle history information, arrange financing, complete transactions online and choose home delivery or pickup at a Carvana location.

The company also provides vehicle trade-in services and offers related products, including vehicle protection plans and other automotive services. Carvana is known for its automated, glass-enclosed vehicle vending machines, which provide an alternative pickup experience in select markets.

Founded in 2012 and headquartered in Tempe, Arizona, Carvana began operations as an online used-car retailer in 2013 and went public in 2017.

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