Carvana Co. (NYSE:CVNA) Insider Paul W. Breaux Sells 18,000 Shares

Key Points

• Carvana insider Paul W. Breaux sold 18,000 shares at an average price of $375.04, resulting in a total transaction value of $6,750,720.00.
• The company's stock price experienced a 1.9% decline, trading at $360.79 as of midday Monday with a market capitalization of $77.26 billion.
• Carvana reported a net margin of 3.46% and a year-over-year revenue increase of 41.9%, with EPS of $1.28 for the last quarter, surpassing analysts' expectations.

Carvana Co. (NYSE:CVNA - Get Free Report) insider Paul W. Breaux sold 18,000 shares of the firm's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $375.04, for a total value of $6,750,720.00. Following the transaction, the insider directly owned 129,566 shares of the company's stock, valued at $48,592,432.64. The trade was a 12.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Carvana Trading Down 1.9%

CVNA stock traded down $6.99 during midday trading on Monday, reaching $360.79. 3,782,462 shares of the company's stock traded hands, compared to its average volume of 4,271,004. Carvana Co. has a fifty-two week low of $118.50 and a fifty-two week high of $413.33. The business has a 50-day moving average price of $333.58 and a two-hundred day moving average price of $268.06. The company has a market capitalization of $77.26 billion, a P/E ratio of 90.42, a PEG ratio of 1.25 and a beta of 3.57. The company has a debt-to-equity ratio of 2.51, a current ratio of 4.00 and a quick ratio of 2.58.

Carvana (NYSE:CVNA - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $1.28 earnings per share for the quarter, topping analysts' consensus estimates of $1.09 by $0.19. Carvana had a net margin of 3.46% and a return on equity of 40.57%. The firm had revenue of $4.84 billion during the quarter, compared to analysts' expectations of $4.54 billion. During the same period in the prior year, the company earned ($0.05) EPS. The firm's revenue was up 41.9% on a year-over-year basis. Equities research analysts forecast that Carvana Co. will post 2.85 EPS for the current fiscal year.

Institutional Investors Weigh In On Carvana

A number of large investors have recently modified their holdings of the stock. Hilltop National Bank acquired a new stake in Carvana in the second quarter valued at approximately $25,000. Brooklyn Investment Group lifted its holdings in Carvana by 961.5% in 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. N.E.W. Advisory Services LLC purchased a new position in Carvana in the 1st quarter valued at about $33,000. SJS Investment Consulting Inc. grew its stake in shares of Carvana by 960.0% during the second quarter. SJS Investment Consulting Inc. now owns 106 shares of the company's stock valued at $36,000 after acquiring an additional 96 shares in the last quarter. Finally, LRI Investments LLC purchased a new stake in shares of Carvana during the second quarter worth about $42,000. Institutional investors and hedge funds own 56.71% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on CVNA shares. Stephens lifted their price objective on Carvana from $300.00 to $375.00 and gave the stock an "overweight" rating in a research report on Monday, July 7th. JMP Securities lifted their price target on shares of Carvana from $440.00 to $460.00 and gave the stock a "market outperform" rating in a report on Thursday. Wedbush raised shares of Carvana to a "hold" rating in a research report on Thursday, May 8th. Wells Fargo & Company raised their target price on shares of Carvana from $390.00 to $425.00 and gave the stock an "overweight" rating in a research report on Thursday. Finally, Wall Street Zen upgraded Carvana from a "hold" rating to a "buy" rating in a report on Saturday, July 5th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Carvana presently has a consensus rating of "Moderate Buy" and a consensus price target of $379.65.

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.

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