Carvana Co. (NYSE:CVNA) COO Benjamin E. Huston Sells 10,000 Shares

Carvana Co. (NYSE:CVNA - Get Free Report) COO Benjamin E. Huston sold 10,000 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $338.02, for a total value of $3,380,200.00. Following the completion of the transaction, the chief operating officer directly owned 126,855 shares in the company, valued at approximately $42,879,527.10. This represents a 7.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Carvana Trading Up 1.5%

CVNA stock traded up $5.12 during trading on Thursday, hitting $348.51. The company had a trading volume of 1,542,889 shares, compared to its average volume of 3,850,894. Carvana Co. has a 52-week low of $118.50 and a 52-week high of $351.43. The company has a 50 day simple moving average of $301.34 and a 200-day simple moving average of $246.91. The firm has a market capitalization of $74.63 billion, a P/E ratio of 122.28, a PEG ratio of 1.32 and a beta of 3.59. The company has a quick ratio of 2.70, a current ratio of 3.81 and a debt-to-equity ratio of 2.97.

Carvana (NYSE:CVNA - Get Free Report) last issued its 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. Carvana had a net margin of 2.68% and a return on equity of 44.86%. The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $3.94 billion. During the same period last year, the company posted $0.23 earnings per share. The company's quarterly revenue was up 38.3% compared to the same quarter last year. As a group, research analysts forecast that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Yousif Capital Management LLC lifted its holdings in shares of Carvana by 4.1% in the 1st quarter. Yousif Capital Management LLC now owns 1,266 shares of the company's stock worth $265,000 after buying an additional 50 shares during the period. Fidelis Capital Partners LLC increased its stake in shares of Carvana by 3.4% during the fourth quarter. Fidelis Capital Partners LLC now owns 1,541 shares of the company's stock valued at $313,000 after buying an additional 51 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings 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 valued at $256,000 after acquiring an additional 60 shares in the last quarter. Commerce Bank lifted its stake in Carvana by 1.6% in the first quarter. Commerce Bank now owns 4,446 shares of the company's stock worth $930,000 after acquiring an additional 69 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in Carvana by 3.3% in the first quarter. PNC Financial Services Group Inc. now owns 2,227 shares of the company's stock worth $466,000 after acquiring an additional 72 shares during the period. 56.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CVNA has been the subject of a number of research reports. Robert W. Baird upped their target price on shares of Carvana from $200.00 to $275.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Bank of America lifted their target price on Carvana from $325.00 to $375.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Citigroup reissued an "outperform" rating on shares of Carvana in a report on Wednesday. Royal Bank Of Canada increased their target price on Carvana from $320.00 to $340.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Finally, Wedbush upgraded Carvana to a "hold" rating in a research report on Thursday, May 8th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $293.88.

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.

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