Thomas Taira Sells 20,878 Shares of Carvana Co. (NYSE:CVNA) Stock

Carvana Co. (NYSE:CVNA) insider Thomas Taira sold 20,878 shares of Carvana stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $300.00, for a total transaction of $6,263,400.00. Following the completion of the transaction, the insider now owns 151,509 shares of the company’s stock, valued at $45,452,700. This represents a 12.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Thomas Taira also recently made the following trade(s):

• On Thursday, May 1st, Thomas Taira sold 5,000 shares of Carvana stock. The stock was sold at an average price of $260.00, for a total transaction of $1,300,000.00.
• On Tuesday, March 25th, Thomas Taira sold 27,593 shares of Carvana stock. The stock was sold at an average price of $225.03, for a total transaction of $6,209,252.79.

Carvana Stock Performance

Shares of Carvana stock opened at $299.68 on Friday. The firm’s fifty day simple moving average is $220.71 and its 200-day simple moving average is $230.33. The stock has a market capitalization of $63.88 billion, a price-to-earnings ratio of 190.88 and a beta of 3.61. Carvana Co. has a 12 month low of $97.55 and a 12 month high of $311.88. The company has a debt-to-equity ratio of 3.82, a current ratio of 3.64 and a quick ratio of 2.12.

Carvana (NYSE:CVNA) last announced its earnings results on Wednesday, May 7th. The company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.76. The business had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $3.94 billion. Carvana had a net margin of 1.54% and a return on equity of 36.59%. The company’s quarterly revenue was up 38.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 EPS. As a group, equities analysts forecast that Carvana Co. will post 2.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Royal Bank of Canada lifted their price target on shares of Carvana from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Thursday, May 8th. Wedbush upgraded shares of Carvana to a “hold” rating in a research note on Thursday, May 8th. Stephens reiterated an “overweight” rating and issued a $300.00 price target on shares of Carvana in a research note on Monday, March 3rd. Bank of America lifted their price target on shares of Carvana from $290.00 to $295.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Finally, Needham & Company LLC reissued a “buy” rating and set a $340.00 price objective on shares of Carvana in a report on Thursday, May 8th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, Carvana currently has an average rating of “Moderate Buy” and a consensus target price of $269.18.

Hedge Funds Weigh In On Carvana

Institutional investors have recently modified their holdings of the business. Quent Capital LLC acquired a new position in shares of Carvana in the 4th quarter valued at $28,000. Brooklyn Investment Group increased its holdings in shares of Carvana by 961.5% in the 1st quarter. Brooklyn Investment Group now owns 138 shares of the company’s stock valued at $29,000 after acquiring an additional 125 shares during the period. Global Retirement Partners LLC increased its stake in Carvana by 109.9% in the 4th quarter. Global Retirement Partners LLC now owns 149 shares of the company’s stock valued at $30,000 after buying an additional 78 shares during the period. Rialto Wealth Management LLC acquired a new position in Carvana in the 4th quarter valued at $31,000. Finally, N.E.W. Advisory Services LLC acquired a new position in Carvana in the 1st quarter valued at $33,000. 56.71% of the stock is owned by institutional investors and hedge funds.

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.