Carvana (NYSE:CVNA) Director Ira Platt Sells 29,640 Shares of Stock

Posted by Francis Steltz on Nov 6th, 2026

Carvana Co. (NYSE:CVNA – Get Free Report) Director Ira Platt sold 29,640 shares of the company’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $75.75, for a total value of $2,245,230.00. Following the completion of the transaction, the director owned 186,470 shares of the company’s stock, valued at approximately $14,125,102.50. This represents a 13.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Carvana Stock Down 6.9%

Shares of NYSE:CVNA opened at $72.18 on Friday. The company has a quick ratio of 2.43, a current ratio of 4.05 and a debt-to-equity ratio of 0.86. Carvana Co. has a 52-week low of $54.46 and a 52-week high of $97.38. The company has a 50 day moving average of $65.82 and a two-hundred day moving average of $69.03. The company has a market capitalization of $79.44 billion, a price-to-earnings ratio of 36.24, a price-to-earnings-growth ratio of 1.99 and a beta of 3.66.

Carvana (NYSE:CVNA – Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.05). Carvana had a net margin of 6.21% and a return on equity of 34.77%. The firm had revenue of $8.04 billion for the quarter, compared to analysts’ expectations of $7.71 billion. During the same quarter in the prior year, the business earned $1.03 EPS. The company’s revenue for the quarter was up 42.4% on a year-over-year basis. As a group, analysts forecast that Carvana Co. will post 1.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CVNA. Royal Bank Of Canada set a $82.00 price objective on shares of Carvana and gave the stock an “outperform” rating in a report on Thursday, July 30th. Hovde Group raised their target price on Carvana from $39.50 to $48.00 and gave the company a “market perform” rating in a research note on Tuesday, August 4th. Evercore set a $75.00 target price on Carvana in a research note on Thursday, July 30th. Citizens Jmp lifted their target price on Carvana from $83.00 to $85.00 and gave the stock a “market outperform” rating in a research report on Friday, October 30th. Finally, BTIG Research set a $82.00 price target on Carvana and gave the stock a “buy” rating in a research note on Thursday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $82.09.

Read Our Latest Stock Analysis on CVNA

Institutional Trading of Carvana

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ascentis Independent Advisors acquired a new position in Carvana during the 1st quarter valued at about $26,000. Annis Gardner Whiting Capital Advisors LLC increased its stake in shares of 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 period. Whipplewood Advisors LLC acquired a new stake in shares of Carvana in the first quarter valued at approximately $36,000. Leonteq Securities AG increased its stake in shares of Carvana by 106.8% in the first quarter. Leonteq Securities AG now owns 122 shares of the company’s stock valued at $38,000 after purchasing an additional 1,912 shares during the period. Finally, Provenance Wealth Advisors LLC bought a new stake in shares of Carvana during the third quarter valued at approximately $25,000. Institutional investors own 56.71% of the company’s stock.

Carvana Company Profile

(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.