Insider Selling: Carvana Co. (NYSE:CVNA) Insider Sells 10,000 Shares of Stock

Carvana Co. (NYSE:CVNA - Get Free Report) insider Thomas Taira sold 10,000 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $350.29, for a total value of $3,502,900.00. Following the sale, the insider now owns 130,834 shares in the company, valued at $45,829,841.86. The trade was a 7.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Thomas Taira also recently made the following trade(s):

• On Friday, May 30th, Thomas Taira sold 10,000 shares of Carvana stock. The stock was sold at an average price of $325.18, for a total transaction of $3,251,800.00.
• 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 transaction 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 value of $1,300,000.00.
• On Tuesday, March 25th, Thomas Taira sold 27,593 shares of Carvana stock. The shares were sold at an average price of $225.03, for a total value of $6,209,252.79.

Carvana Stock Up 0.4%

CVNA traded up $1.50 during midday trading on Wednesday, reaching $340.00. The company's stock had a trading volume of 2,078,630 shares, compared to its average volume of 3,933,847. The stock's 50-day moving average is $263.92 and its 200-day moving average is $239.67. Carvana Co. has a 1 year low of $100.05 and a 1 year high of $351.43. The firm has a market capitalization of $72.81 billion, a price-to-earnings ratio of 216.56 and a beta of 3.65. 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 (NYSE:CVNA - Get Free Report) last posted 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 company had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $3.94 billion. Carvana had a return on equity of 36.59% and a net margin of 1.54%. The firm's quarterly revenue was up 38.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.23 EPS. As a group, research analysts expect that Carvana Co. will post 2.85 EPS for the current year.

Hedge Funds Weigh In On Carvana

Several institutional investors and hedge funds have recently modified their holdings of the stock. Yousif Capital Management LLC raised its holdings in 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 acquiring an additional 50 shares during the last quarter. Fidelis Capital Partners LLC increased its holdings 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 worth $313,000 after purchasing an additional 51 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake 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 worth $256,000 after purchasing an additional 60 shares during the last quarter. Bleakley Financial Group LLC lifted its holdings in shares of Carvana by 2.8% during the fourth 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 boosted its position in shares of Carvana by 1.6% during the first quarter. Commerce Bank now owns 4,446 shares of the company's stock valued at $930,000 after buying an additional 69 shares during the last quarter. 56.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. William Blair reissued an "outperform" rating on shares of Carvana in a research note on Thursday, February 20th. DA Davidson boosted their price objective 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. Royal Bank of Canada raised their target price on Carvana from $320.00 to $340.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Wedbush raised Carvana to a "hold" rating in a research report on Thursday, May 8th. Finally, JPMorgan Chase & Co. cut their price objective on Carvana from $365.00 to $325.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $280.35.

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.