Carvana (NYSE:CVNA) Insider Thomas Taira Sells 5,597 Shares of Stock

Carvana Co. (NYSE:CVNAGet Free Report) insider Thomas Taira sold 5,597 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $67.15, for a total transaction of $375,838.55. Following the sale, the insider directly owned 315,075 shares in the company, valued at $21,157,286.25. The trade was a 1.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Friday, May 8th, Thomas Taira sold 5,590 shares of Carvana stock. The shares were sold at an average price of $79.97, for a total transaction of $447,032.30.
  • On Wednesday, April 8th, Thomas Taira sold 18,850 shares of Carvana stock. The shares were sold at an average price of $68.20, for a total transaction of $1,285,570.00.

Carvana Trading Up 0.3%

Shares of CVNA stock opened at $69.68 on Wednesday. The company’s fifty day simple moving average is $70.84 and its two-hundred day simple moving average is $75.17. The company has a debt-to-equity ratio of 1.05, a current ratio of 4.09 and a quick ratio of 2.57. Carvana Co. has a 1 year low of $54.46 and a 1 year high of $97.38. The stock has a market capitalization of $76.43 billion, a price-to-earnings ratio of 42.39, a PEG ratio of 11.72 and a beta of 3.45.

Carvana (NYSE:CVNAGet Free Report) last issued its earnings results on Wednesday, April 29th. The company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $1.37. Carvana had a net margin of 6.40% and a return on equity of 41.46%. The business had revenue of $6.43 billion for the quarter, compared to analysts’ expectations of $6.12 billion. As a group, analysts anticipate that Carvana Co. will post 1.58 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Parallel Advisors LLC grew its position in Carvana by 24.1% in the first quarter. Parallel Advisors LLC now owns 933 shares of the company’s stock worth $294,000 after acquiring an additional 181 shares in the last quarter. NewEdge Advisors LLC grew its position in Carvana by 22.5% in the first quarter. NewEdge Advisors LLC now owns 22,356 shares of the company’s stock worth $7,028,000 after acquiring an additional 4,106 shares in the last quarter. Alpha Capital Advisors Inc. ADV grew its position in Carvana by 40.0% in the first quarter. Alpha Capital Advisors Inc. ADV now owns 700 shares of the company’s stock worth $220,000 after acquiring an additional 200 shares in the last quarter. Glenmede Trust Co. NA grew its position in Carvana by 146.5% in the first quarter. Glenmede Trust Co. NA now owns 1,743 shares of the company’s stock worth $548,000 after acquiring an additional 1,036 shares in the last quarter. Finally, Groupama Asset Managment purchased a new position in Carvana in the first quarter worth $249,000. Institutional investors own 56.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CVNA shares. BNP Paribas Exane boosted their target price on shares of Carvana from $77.60 to $85.80 in a report on Thursday, April 30th. Gordon Haskett upped their price target on shares of Carvana from $67.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, April 30th. Citizens Jmp upped their price target on shares of Carvana from $92.00 to $103.00 and gave the stock a “market outperform” rating in a report on Friday, May 1st. Wells Fargo & Company upped their price target on shares of Carvana from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 price target on shares of Carvana in a report on Friday. One investment 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $93.14.

Get Our Latest Stock Report on CVNA

About Carvana

(Get Free Report)

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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Insider Buying and Selling by Quarter for Carvana (NYSE:CVNA)

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