Carvana Co. (NYSE:CVNA - Get Free Report) insider Thomas Taira sold 10,000 shares of the company's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $325.18, for a total value of $3,251,800.00. Following the transaction, the insider now directly owns 141,509 shares of the company's stock, valued at approximately $46,015,896.62. This represents a 6.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Thomas Taira also recently made the following trade(s):
- On Wednesday, May 14th, Thomas Taira sold 20,878 shares of Carvana stock. The stock was sold at an average price of $300.00, for a total value of $6,263,400.00.
- On Thursday, May 1st, Thomas Taira sold 5,000 shares of Carvana stock. The shares were sold at an average price of $260.00, for a total transaction of $1,300,000.00.
- On Tuesday, March 25th, Thomas Taira sold 27,593 shares of Carvana stock. The stock was sold at an average price of $225.03, for a total value of $6,209,252.79.
Carvana Stock Performance
Carvana stock traded down $2.06 during mid-day trading on Thursday, reaching $343.58. The company's stock had a trading volume of 3,930,719 shares, compared to its average volume of 3,963,381. The company has a current ratio of 3.64, a quick ratio of 2.12 and a debt-to-equity ratio of 3.82. Carvana Co. has a twelve month low of $100.05 and a twelve month high of $348.47. The business has a 50 day moving average price of $253.22 and a 200-day moving average price of $237.20. The firm has a market cap of $73.58 billion, a price-to-earnings ratio of 218.84 and a beta of 3.61.
Carvana (NYSE:CVNA - Get Free Report) last released its quarterly earnings data 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. Carvana had a net margin of 1.54% and a return on equity of 36.59%. The firm had revenue of $4.23 billion for the quarter, compared to analyst estimates of $3.94 billion. During the same quarter in the prior year, the business earned $0.23 earnings per share. Carvana's quarterly revenue was up 38.3% on a year-over-year basis. Sell-side analysts predict that Carvana Co. will post 2.85 EPS for the current fiscal year.
Analysts Set New Price Targets
Several analysts have recently weighed in on CVNA shares. William Blair reaffirmed an "outperform" rating on shares of Carvana in a report on Thursday, February 20th. Stephens restated an "overweight" rating and set a $300.00 target price on shares of Carvana in a research report on Monday, March 3rd. Wedbush upgraded Carvana to a "hold" rating in a report on Thursday, May 8th. 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 note on Thursday, May 8th. Finally, DA Davidson lifted their price objective on Carvana from $220.00 to $260.00 and gave the stock a "neutral" rating in a report on Thursday, February 20th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Carvana has an average rating of "Moderate Buy" and a consensus target price of $275.65.
Check Out Our Latest Stock Analysis on Carvana
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Yousif Capital Management LLC raised its holdings in shares of Carvana by 4.1% during the first quarter. Yousif Capital Management LLC now owns 1,266 shares of the company's stock worth $265,000 after acquiring an additional 50 shares in the last quarter. Fidelis Capital Partners LLC raised its stake in shares of Carvana by 3.4% in the 4th 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 in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Carvana by 5.2% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,223 shares of the company's stock valued at $256,000 after purchasing an additional 60 shares in the last quarter. Bleakley Financial Group LLC boosted its stake in shares of Carvana by 2.8% in the 4th quarter. Bleakley Financial Group LLC now owns 2,373 shares of the company's stock valued at $483,000 after purchasing an additional 65 shares in the last quarter. Finally, Commerce Bank increased its holdings in Carvana by 1.6% during the 1st quarter. Commerce Bank now owns 4,446 shares of the company's stock valued at $930,000 after purchasing an additional 69 shares in the last quarter. Institutional investors own 56.71% of the company's stock.
About Carvana
(
Get Free Report)
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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