Carvana Co. (NYSE:CVNA) COO Benjamin E. Huston Sells 20,000 Shares

Carvana Co. (NYSE:CVNA - Get Free Report) COO Benjamin E. Huston sold 20,000 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $350.62, for a total value of $7,012,400.00. Following the sale, the chief operating officer now owns 138,074 shares of the company's stock, valued at approximately $48,411,505.88. The trade was a 12.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Carvana Stock Down 0.8%

CVNA traded down $2.59 during trading on Tuesday, hitting $337.32. The company had a trading volume of 1,644,011 shares, compared to its average volume of 3,940,188. Carvana Co. has a 1-year low of $100.05 and a 1-year high of $351.43. The company has a debt-to-equity ratio of 3.82, a current ratio of 3.64 and a quick ratio of 2.12. The company has a market cap of $72.24 billion, a PE ratio of 214.83 and a beta of 3.65. The business has a 50-day moving average of $260.79 and a 200-day moving average of $238.98.

Carvana (NYSE:CVNA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $0.75 by $0.76. The business had revenue of $4.23 billion for the quarter, compared to analysts' expectations of $3.94 billion. Carvana had a net margin of 1.54% and a return on equity of 36.59%. The company's quarterly revenue was up 38.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.23 earnings per share. As a group, analysts forecast that Carvana Co. will post 2.85 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CVNA. Price T Rowe Associates Inc. MD raised its position in shares of Carvana by 13.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,950,011 shares of the company's stock valued at $3,125,749,000 after acquiring an additional 1,823,218 shares in the last quarter. Vanguard Group Inc. increased its stake in Carvana by 9.7% during the first quarter. Vanguard Group Inc. now owns 12,534,843 shares of the company's stock valued at $2,620,785,000 after purchasing an additional 1,109,476 shares during the last quarter. Norges Bank bought a new stake in Carvana during the fourth quarter valued at $179,364,000. Castle Hook Partners LP acquired a new stake in shares of Carvana during the fourth quarter worth $116,020,000. Finally, BNP Paribas Financial Markets lifted its position in shares of Carvana by 89.8% in the 4th quarter. BNP Paribas Financial Markets now owns 1,018,321 shares of the company's stock worth $207,086,000 after buying an additional 481,912 shares during the last quarter. Institutional investors own 56.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Royal Bank of Canada raised their price objective on Carvana from $320.00 to $340.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. William Blair restated an "outperform" rating on shares of Carvana in a report on Thursday, February 20th. Needham & Company LLC reaffirmed a "buy" rating and set a $340.00 price target on shares of Carvana in a research report on Thursday, May 8th. DA Davidson raised their price objective on Carvana from $220.00 to $260.00 and gave the company a "neutral" rating in a research report on Thursday, February 20th. Finally, Evercore ISI reduced their price objective on Carvana from $250.00 to $240.00 and set an "in-line" rating on the stock in a research note on Tuesday, March 11th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $280.35.

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.