Carvana Co. (NYSE:CVNA - Get Free Report) CEO Ernest Garcia III sold 2,880 shares of the business's stock in a transaction that occurred on Thursday, October 9th. The stock was sold at an average price of $355.19, for a total value of $1,022,947.20. Following the completion of the sale, the chief executive officer owned 350,000 shares of the company's stock, valued at approximately $124,316,500. This trade represents a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Carvana Stock Performance
CVNA traded down $29.45 on Friday, hitting $330.58. The company had a trading volume of 3,846,736 shares, compared to its average volume of 3,852,088. The company's fifty day moving average price is $365.93 and its 200 day moving average price is $313.81. Carvana Co. has a 1-year low of $148.25 and a 1-year high of $413.33. The company has a debt-to-equity ratio of 2.51, a current ratio of 4.00 and a quick ratio of 2.58. The stock has a market cap of $71.14 billion, a price-to-earnings ratio of 82.85, a price-to-earnings-growth ratio of 1.18 and a beta of 3.55.
Carvana (NYSE:CVNA - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.19. Carvana had a return on equity of 40.57% and a net margin of 3.46%.The firm had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.54 billion. During the same period in the previous year, the company earned ($0.05) EPS. The company's revenue for the quarter was up 41.9% on a year-over-year basis. Equities analysts predict that Carvana Co. will post 2.85 earnings per share for the current fiscal year.
Institutional Trading of Carvana
Large investors have recently bought and sold shares of the stock. Hilltop National Bank bought a new stake in Carvana in the second quarter valued at $25,000. Brooklyn Investment Group grew its position in Carvana by 961.5% in the first quarter. Brooklyn Investment Group now owns 138 shares of the company's stock valued at $29,000 after acquiring an additional 125 shares during the period. N.E.W. Advisory Services LLC bought a new stake in Carvana in the first quarter valued at $33,000. SJS Investment Consulting Inc. grew its position in Carvana by 960.0% in 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 during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in Carvana in the second quarter valued at $38,000. 56.71% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on CVNA shares. Oppenheimer upgraded Carvana from a "market perform" rating to an "outperform" rating and set a $450.00 price target for the company in a report on Friday, July 25th. BTIG Research reiterated a "buy" rating and set a $450.00 price target on shares of Carvana in a report on Friday. DA Davidson upped their price target on Carvana from $260.00 to $380.00 and gave the stock a "neutral" rating in a report on Thursday, July 31st. William Blair reiterated an "outperform" rating on shares of Carvana in a report on Wednesday, July 23rd. Finally, Citigroup restated a "buy" rating on shares of Carvana in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $407.44.
Read Our Latest Analysis on Carvana
Carvana Company Profile
(
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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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