Carvana Co. (NYSE:CVNA) Insider Sells $5,250,000.00 in Stock

Carvana Co. (NYSE:CVNA) insider Daniel J. Gill sold 30,000 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $175.00, for a total value of $5,250,000.00. Following the transaction, the insider now directly owns 328,329 shares of the company’s stock, valued at approximately $57,457,575. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Carvana Stock Performance

Shares of CVNA stock opened at $169.70 on Thursday. Carvana Co. has a 12 month low of $25.09 and a 12 month high of $176.33. The stock has a market cap of $35.12 billion, a PE ratio of 74.43 and a beta of 3.43. The company has a current ratio of 3.11, a quick ratio of 2.02 and a debt-to-equity ratio of 47.20. The company’s fifty day moving average price is $145.05 and its 200-day moving average price is $117.26.

Carvana (NYSE:CVNA) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.14 earnings per share (EPS) for the quarter. The firm had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.23 billion. On average, equities analysts expect that Carvana Co. will post 0.27 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on CVNA. Royal Bank of Canada raised Carvana to a “sector perform” rating and boosted their price objective for the stock from $166.00 to $170.00 in a report on Monday, August 19th. DA Davidson increased their price target on shares of Carvana from $110.00 to $155.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. BTIG Research lifted their price target on shares of Carvana from $155.00 to $188.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Evercore ISI lifted their price target on shares of Carvana from $142.00 to $157.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Finally, Bank of America reissued a “buy” rating and set a $185.00 price target on shares of Carvana in a research note on Tuesday, September 17th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $153.88.

Hedge Funds Weigh In On Carvana

Hedge funds have recently bought and sold shares of the company. Ridgewood Investments LLC bought a new position in Carvana in the 2nd quarter worth about $32,000. Parallel Advisors LLC lifted its stake in Carvana by 39.0% during the 4th quarter. Parallel Advisors LLC now owns 692 shares of the company’s stock valued at $37,000 after acquiring an additional 194 shares during the period. Summit Securities Group LLC lifted its stake in Carvana by 110.0% during the 2nd quarter. Summit Securities Group LLC now owns 300 shares of the company’s stock valued at $39,000 after acquiring an additional 3,300 shares during the period. Fifth Third Bancorp lifted its stake in Carvana by 450.8% during the 2nd quarter. Fifth Third Bancorp now owns 336 shares of the company’s stock valued at $43,000 after acquiring an additional 275 shares during the period. Finally, Benjamin F. Edwards & Company Inc. bought a new position in Carvana during the 2nd quarter valued at about $51,000. Institutional investors own 56.71% of the company’s stock.

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.