Carvana Co. (NYSE:CVNA) COO Benjamin E. Huston Sells 3,043 Shares

Carvana Co. (NYSE:CVNA) COO Benjamin E. Huston sold 3,043 shares of the company’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $240.00, for a total value of $730,320.00. Following the completion of the sale, the chief operating officer now directly owns 218,686 shares in the company, valued at $52,484,640. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Carvana Trading Down 7.4 %

Shares of NYSE CVNA traded down $18.30 on Friday, reaching $229.01. 5,853,414 shares of the company traded hands, compared to its average volume of 4,834,488. The stock has a market capitalization of $47.39 billion, a PE ratio of 22,901.00 and a beta of 3.44. Carvana Co. has a fifty-two week low of $27.75 and a fifty-two week high of $259.39. 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 has a 50 day moving average of $174.33 and a 200 day moving average of $137.76.

Carvana (NYSE:CVNA) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.23 by $0.41. The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.47 billion. The business’s revenue for the quarter was up 31.8% on a year-over-year basis. During the same period last year, the company posted $0.23 EPS. On average, equities research analysts forecast that Carvana Co. will post 0.26 earnings per share for the current fiscal year.

Institutional Trading of Carvana

A number of institutional investors and hedge funds have recently made changes to their positions in CVNA. Sugarloaf Wealth Management LLC acquired a new stake in Carvana during the 3rd quarter worth approximately $32,000. Capital Performance Advisors LLP purchased a new position in shares of Carvana in the 3rd quarter valued at $40,000. Ridgewood Investments LLC purchased a new position in shares of Carvana in the 2nd quarter valued at $32,000. Summit Securities Group LLC lifted its holdings in shares of 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 in the last quarter. Finally, Fifth Third Bancorp boosted its position in Carvana by 450.8% during the 2nd quarter. Fifth Third Bancorp now owns 336 shares of the company’s stock worth $43,000 after purchasing an additional 275 shares during the period. 56.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on CVNA shares. JMP Securities increased their price objective on shares of Carvana from $200.00 to $320.00 and gave the company a “market outperform” rating in a research note on Thursday. Wedbush upped their price target on shares of Carvana from $150.00 to $175.00 and gave the company a “neutral” rating in a report on Monday, October 7th. Needham & Company LLC increased their price target on shares of Carvana from $200.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday. Evercore ISI lifted their price objective on Carvana from $186.00 to $190.00 and gave the stock an “in-line” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. increased their target price on Carvana from $230.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $208.88.

About Carvana

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.