Carvana Co. (NYSE:CVNA - Get Free Report) CEO Ernest C. Garcia III sold 3,756 shares of Carvana stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $350.62, for a total transaction of $1,316,928.72. Following the completion of the transaction, the chief executive officer directly owned 684,562 shares in the company, valued at $240,021,128.44. This represents a 0.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Carvana Trading Down 0.6%
CVNA stock traded down $2.22 during midday trading on Friday, hitting $343.33. 1,873,600 shares of the company's stock were exchanged, compared to its average volume of 3,828,148. Carvana Co. has a one year low of $118.50 and a one 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 company has a market cap of $73.52 billion, a PE ratio of 120.47, a price-to-earnings-growth ratio of 1.35 and a beta of 3.59. The stock's fifty day moving average price is $315.96 and its 200-day moving average price is $252.46.
Carvana (NYSE:CVNA - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $1.51 EPS for the quarter, topping analysts' consensus estimates of $0.75 by $0.76. The company had revenue of $4.23 billion for the quarter, compared to analyst estimates of $3.94 billion. Carvana had a return on equity of 44.86% and a net margin of 2.68%. Carvana's revenue was up 38.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.23 earnings per share. Research analysts predict that Carvana Co. will post 2.85 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the company. Yousif Capital Management LLC lifted its stake in Carvana by 4.1% in the 1st quarter. Yousif Capital Management LLC now owns 1,266 shares of the company's stock valued at $265,000 after acquiring an additional 50 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Carvana by 5.2% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,223 shares of the company's stock worth $256,000 after purchasing an additional 60 shares in the last quarter. Commerce Bank boosted its holdings in Carvana by 1.6% during the first quarter. Commerce Bank now owns 4,446 shares of the company's stock worth $930,000 after purchasing an additional 69 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Carvana by 3.3% during the first quarter. PNC Financial Services Group Inc. now owns 2,227 shares of the company's stock worth $466,000 after purchasing an additional 72 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Carvana by 21.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 426 shares of the company's stock valued at $87,000 after purchasing an additional 74 shares in the last quarter. 56.71% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the stock. Evercore ISI increased their target price on shares of Carvana from $295.00 to $305.00 and gave the company an "in-line" rating in a research note on Tuesday, June 24th. Citigroup upped their price target on Carvana from $325.00 to $415.00 and gave the company a "buy" rating in a report on Tuesday. Needham & Company LLC reissued a "buy" rating and set a $340.00 price objective on shares of Carvana in a research note on Thursday, May 8th. Robert W. Baird lifted their target price on Carvana from $200.00 to $275.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Finally, Morgan Stanley boosted their target price on Carvana from $280.00 to $290.00 and gave the stock an "overweight" rating in a research report on Thursday, May 15th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $303.59.
Read Our Latest Stock Analysis on Carvana
About Carvana
(
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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.
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