Paul W. Breaux Sells 1,362 Shares of Carvana Co. (NYSE:CVNA) Stock

Carvana Co. (NYSE:CVNA) insider Paul W. Breaux sold 1,362 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $270.08, for a total transaction of $367,848.96. Following the completion of the sale, the insider now directly owns 153,240 shares of the company’s stock, valued at approximately $41,387,059.20. This trade represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Carvana Trading Down 1.2 %

Shares of Carvana stock opened at $267.97 on Thursday. The stock has a market capitalization of $55.64 billion, a P/E ratio of 26,823.82 and a beta of 3.37. Carvana Co. has a 12-month low of $48.15 and a 12-month high of $272.96. The company has a quick ratio of 2.12, a current ratio of 3.25 and a debt-to-equity ratio of 18.99. The company has a 50-day simple moving average of $231.41 and a 200 day simple moving average of $201.73.

Institutional Trading of Carvana

Hedge funds have recently modified their holdings of the company. Fidelis Capital Partners LLC boosted its holdings in shares of Carvana by 3.4% in the 4th quarter. Fidelis Capital Partners LLC now owns 1,541 shares of the company’s stock worth $313,000 after acquiring an additional 51 shares in the last quarter. Bleakley Financial Group LLC raised its position in Carvana by 2.8% in the 4th quarter. Bleakley Financial Group LLC now owns 2,373 shares of the company’s stock valued at $483,000 after purchasing an additional 65 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Carvana by 21.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 426 shares of the company’s stock worth $87,000 after purchasing an additional 74 shares in the last quarter. Forum Financial Management LP grew its holdings in shares of Carvana by 3.8% during the third quarter. Forum Financial Management LP now owns 2,071 shares of the company’s stock worth $361,000 after purchasing an additional 76 shares during the last quarter. Finally, Great Lakes Advisors LLC increased its stake in shares of Carvana by 2.1% in the fourth quarter. Great Lakes Advisors LLC now owns 3,698 shares of the company’s stock valued at $752,000 after buying an additional 77 shares in the last quarter. Institutional investors and hedge funds own 56.71% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on CVNA shares. JMP Securities reaffirmed a “market outperform” rating and set a $320.00 price objective on shares of Carvana in a research report on Monday, December 16th. Citigroup raised Carvana from a “neutral” rating to a “buy” rating and upped their price target for the company from $195.00 to $277.00 in a report on Wednesday, January 8th. Robert W. Baird lifted their price objective on Carvana from $160.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Stephens restated an “overweight” rating and set a $300.00 price objective on shares of Carvana in a research report on Thursday, February 6th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $250.00 target price on shares of Carvana in a research report on Thursday, February 6th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $249.29.

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.