Carvana Co. (NYSE:CVNA - Get Free Report) CEO Ernest C. Garcia III sold 10,000 shares of the firm's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $342.97, for a total value of $3,429,700.00. Following the sale, the chief executive officer directly owned 631,440 shares of the company's stock, valued at approximately $216,564,976.80. This trade represents a 1.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Carvana Stock Up 1.7%
NYSE CVNA traded up $5.58 during trading on Friday, reaching $331.67. 2,065,059 shares of the company's stock were exchanged, compared to its average volume of 2,795,500. Carvana Co. has a 1 year low of $118.50 and a 1 year high of $364.00. The company has a debt-to-equity ratio of 2.97, a quick ratio of 2.70 and a current ratio of 3.81. The stock has a market cap of $71.02 billion, a P/E ratio of 116.38, a price-to-earnings-growth ratio of 1.28 and a beta of 3.59. The company has a 50 day moving average price of $328.40 and a two-hundred day moving average price of $262.44.
Carvana (NYSE:CVNA - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.76. Carvana had a return on equity of 44.86% and a net margin of 2.68%. The business had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $3.94 billion. During the same period in the previous year, the business earned $0.23 EPS. The business's quarterly revenue was up 38.3% on a year-over-year basis. On average, equities research analysts anticipate that Carvana Co. will post 2.85 EPS for the current fiscal year.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the company. Bank of America lifted their price objective on Carvana from $325.00 to $375.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Wells Fargo & Company lifted their price objective on Carvana from $310.00 to $390.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Robert W. Baird lifted their price objective on Carvana from $200.00 to $275.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Needham & Company LLC reaffirmed a "buy" rating and issued a $340.00 price objective on shares of Carvana in a research note on Thursday, May 8th. Finally, Stephens lifted their price objective on Carvana from $300.00 to $375.00 and gave the company an "overweight" rating in a research note on Monday, July 7th. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $318.16.
Read Our Latest Stock Report on Carvana
Institutional Trading of Carvana
Several institutional investors and hedge funds have recently made changes to their positions in CVNA. Hilltop National Bank purchased a new stake in shares of Carvana in the 2nd quarter valued at about $25,000. Brooklyn Investment Group lifted its holdings in shares of Carvana by 961.5% in the 1st quarter. Brooklyn Investment Group now owns 138 shares of the company's stock valued at $29,000 after purchasing an additional 125 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new position in Carvana in the 1st quarter valued at about $33,000. SJS Investment Consulting Inc. increased its position in Carvana by 960.0% in the 2nd quarter. SJS Investment Consulting Inc. now owns 106 shares of the company's stock valued at $36,000 after acquiring an additional 96 shares during the period. Finally, LRI Investments LLC acquired a new position in Carvana in the 2nd quarter valued at about $42,000. 56.71% of the stock is owned by hedge funds and other institutional investors.
About Carvana
(
Get Free Report)
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.
Featured Articles
Before you consider Carvana, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Carvana wasn't on the list.
While Carvana currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
