Daniel J. Gill Sells 32,500 Shares of Carvana Co. (NYSE:CVNA) Stock

Carvana Co. (NYSE:CVNA - Get Free Report) insider Daniel J. Gill sold 32,500 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $330.30, for a total transaction of $10,734,750.00. Following the transaction, the insider now owns 199,756 shares in the company, valued at $65,979,406.80. This represents a 13.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Carvana Price Performance

CVNA traded down $2.06 during trading on Thursday, hitting $343.58. 3,930,719 shares of the company traded hands, compared to its average volume of 4,582,045. The company has a current ratio of 3.64, a quick ratio of 2.12 and a debt-to-equity ratio of 3.82. The company has a market cap of $73.58 billion, a PE ratio of 218.84 and a beta of 3.61. The stock's 50-day simple moving average is $253.22 and its two-hundred day simple moving average is $237.20. Carvana Co. has a 1 year low of $100.05 and a 1 year high of $348.67.

Carvana (NYSE:CVNA - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $1.51 EPS for the quarter, beating analysts' consensus estimates of $0.75 by $0.76. The company had revenue of $4.23 billion during the quarter, compared to analyst estimates of $3.94 billion. Carvana had a return on equity of 36.59% and a net margin of 1.54%. The firm's revenue was up 38.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.23 earnings per share. As a group, sell-side analysts anticipate that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Carvana

Hedge funds have recently bought and sold shares of the business. Quent Capital LLC purchased a new stake in Carvana in the 4th quarter worth about $28,000. Brooklyn Investment Group grew its position in shares of Carvana by 961.5% during the 1st quarter. Brooklyn Investment Group now owns 138 shares of the company's stock worth $29,000 after buying an additional 125 shares in the last quarter. Global Retirement Partners LLC grew its holdings in Carvana by 109.9% during the 4th quarter. Global Retirement Partners LLC now owns 149 shares of the company's stock worth $30,000 after acquiring an additional 78 shares in the last quarter. Rialto Wealth Management LLC bought a new position in shares of Carvana during the fourth quarter valued at approximately $31,000. Finally, N.E.W. Advisory Services LLC purchased a new position in shares of Carvana in the 1st quarter valued at $33,000. Hedge funds and other institutional investors own 56.71% of the company's stock.

Analysts Set New Price Targets

CVNA has been the topic of a number of research reports. JMP Securities dropped their price target on Carvana from $340.00 to $275.00 and set a "market outperform" rating on the stock in a research note on Wednesday, April 9th. William Blair reaffirmed an "outperform" rating on shares of Carvana in a research report on Thursday, February 20th. Citigroup increased their price objective on shares of Carvana from $280.00 to $325.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Wells Fargo & Company raised their price objective on shares of Carvana from $290.00 to $310.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Finally, Wedbush raised shares of Carvana to a "hold" rating in a report on Thursday, May 8th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $275.65.

About Carvana

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.