Carvana Co. (NYSE:CVNA) Insider Sells $6,460,000.00 in Stock

Carvana Co. (NYSE:CVNA - Get Free Report) insider Paul W. Breaux sold 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $323.00, for a total transaction of $6,460,000.00. Following the sale, the insider now directly owns 149,114 shares of the company's stock, valued at $48,163,822. This trade represents a 11.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Carvana Stock Performance

Shares of Carvana stock traded up $7.26 on Friday, hitting $326.91. 4,458,631 shares of the company's stock were exchanged, compared to its average volume of 3,958,313. The company has a 50-day simple moving average of $245.17 and a 200-day simple moving average of $235.13. The stock has a market capitalization of $70.01 billion, a PE ratio of 208.22 and a beta of 3.61. Carvana Co. has a 1 year low of $97.55 and a 1 year high of $327.75. The company has a debt-to-equity ratio of 3.82, a quick ratio of 2.12 and a current ratio of 3.64.

Carvana (NYSE:CVNA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.76. The business had revenue of $4.23 billion for the quarter, compared to analysts' expectations of $3.94 billion. Carvana had a net margin of 1.54% and a return on equity of 36.59%. The company's revenue was up 38.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.23 EPS. As a group, equities analysts anticipate that Carvana Co. will post 2.85 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. boosted its stake in shares of Carvana by 9.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 462,962 shares of the company's stock worth $94,148,000 after acquiring an additional 39,089 shares during the last quarter. Plato Investment Management Ltd boosted its stake in shares of Carvana by 135.5% during the 4th quarter. Plato Investment Management Ltd now owns 5,204 shares of the company's stock worth $1,062,000 after acquiring an additional 2,994 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Carvana by 37.7% during the 4th quarter. Bank of New York Mellon Corp now owns 478,488 shares of the company's stock worth $97,305,000 after acquiring an additional 130,942 shares during the last quarter. Calamos Advisors LLC purchased a new position in shares of Carvana during the 4th quarter valued at $1,106,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Carvana during the 4th quarter valued at $60,866,000. Hedge funds and other institutional investors own 56.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Robert W. Baird raised their price target on shares of Carvana from $200.00 to $275.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Citigroup raised their price target on shares of Carvana from $280.00 to $325.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. DA Davidson raised their price target on shares of Carvana from $220.00 to $260.00 and gave the company a "neutral" rating in a research report on Thursday, February 20th. Needham & Company LLC restated a "buy" rating and issued a $340.00 target price on shares of Carvana in a report on Thursday, May 8th. Finally, Stephens restated an "overweight" rating and issued a $300.00 target price on shares of Carvana in a report on Monday, March 3rd. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $275.65.

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.