Carvana Co. (NYSE:CVNA – Get 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.
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
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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