Carvana Co. (NYSE:CVNA – Get Free Report) insider Thomas Taira sold 5,590 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $79.97, for a total value of $447,032.30. Following the sale, the insider directly owned 60,452 shares of the company’s stock, valued at approximately $4,834,346.44. This represents a 8.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Thomas Taira also recently made the following trade(s):
- On Wednesday, April 8th, Thomas Taira sold 18,850 shares of Carvana stock. The stock was sold at an average price of $68.20, for a total transaction of $1,285,570.00.
- On Monday, March 9th, Thomas Taira sold 4,765 shares of Carvana stock. The stock was sold at an average price of $65.00, for a total transaction of $309,725.00.
Carvana Stock Performance
Shares of Carvana stock traded down $1.73 on Monday, reaching $76.21. 7,086,683 shares of the company traded hands, compared to its average volume of 14,087,699. Carvana Co. has a 52 week low of $53.44 and a 52 week high of $97.38. The company has a 50 day moving average of $74.84 and a 200 day moving average of $77.02. The firm has a market capitalization of $83.59 billion, a PE ratio of 46.36, a PEG ratio of 28.00 and a beta of 3.55. The company has a debt-to-equity ratio of 1.05, a current ratio of 4.09 and a quick ratio of 2.57.
Analyst Ratings Changes
Several research firms have recently weighed in on CVNA. Barclays reiterated an “overweight” rating and set a $95.00 price target (up from $86.00) on shares of Carvana in a research note on Thursday, April 30th. Weiss Ratings downgraded shares of Carvana from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, March 24th. JPMorgan Chase & Co. increased their target price on shares of Carvana from $91.00 to $93.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Jefferies Financial Group reduced their target price on shares of Carvana from $97.00 to $95.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Finally, BTIG Research reissued a “buy” rating and issued a $97.00 price target (down from $485.00) on shares of Carvana in a research report on Sunday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.75.
Read Our Latest Stock Report on Carvana
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. grew its holdings in Carvana by 169.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 12,817 shares of the company’s stock valued at $4,029,000 after buying an additional 8,069 shares in the last quarter. Oslo Pensjonsforsikring AS purchased a new stake in shares of Carvana in the first quarter worth about $169,000. Andra AP fonden lifted its holdings in shares of Carvana by 360.0% in the first quarter. Andra AP fonden now owns 3,312 shares of the company’s stock worth $1,041,000 after buying an additional 2,592 shares in the last quarter. Meeder Advisory Services Inc. boosted its position in shares of Carvana by 3.9% in the first quarter. Meeder Advisory Services Inc. now owns 1,993 shares of the company’s stock valued at $627,000 after acquiring an additional 75 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Carvana by 10.4% in the first quarter. Dimensional Fund Advisors LP now owns 604,729 shares of the company’s stock valued at $190,009,000 after acquiring an additional 57,040 shares during the period. Institutional investors 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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