Daniel J. Gill Sells 7,100 Shares of Carvana Co. (NYSE:CVNA) Stock

Carvana Co. (NYSE:CVNA - Get Free Report) insider Daniel J. Gill sold 7,100 shares of Carvana stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $350.00, for a total transaction of $2,485,000.00. Following the transaction, the insider owned 197,832 shares of the company's stock, valued at $69,241,200. The trade was a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Carvana Stock Down 3.2%

Shares of NYSE:CVNA traded down $11.42 during trading hours on Tuesday, reaching $345.90. The stock had a trading volume of 2,831,081 shares, compared to its average volume of 3,859,151. The stock has a market capitalization of $74.07 billion, a price-to-earnings ratio of 121.37, a P/E/G ratio of 1.39 and a beta of 3.59. The firm's 50 day moving average is $310.23 and its 200-day moving average is $250.09. Carvana Co. has a 1 year low of $118.50 and a 1 year high of $363.38. The company has a debt-to-equity ratio of 2.97, a quick ratio of 2.70 and a current ratio of 3.81.

Carvana (NYSE:CVNA - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.76. The business had revenue of $4.23 billion during the quarter, compared to analysts' expectations of $3.94 billion. Carvana had a net margin of 2.68% and a return on equity of 44.86%. The company's revenue for the quarter was up 38.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.23 EPS. Research analysts predict that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CVNA. Jones Financial Companies Lllp lifted its stake in shares of Carvana by 265.7% in the 4th quarter. Jones Financial Companies Lllp now owns 1,697 shares of the company's stock worth $345,000 after acquiring an additional 1,233 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Carvana by 9.2% in 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 period. Victory Capital Management Inc. lifted its stake in shares of Carvana by 51.0% in the 4th quarter. Victory Capital Management Inc. now owns 37,845 shares of the company's stock worth $7,696,000 after acquiring an additional 12,774 shares during the period. Atria Investments Inc acquired a new stake in shares of Carvana in the 4th quarter worth $240,000. Finally, M&T Bank Corp lifted its stake in shares of Carvana by 4.5% in the 4th quarter. M&T Bank Corp now owns 7,118 shares of the company's stock worth $1,448,000 after acquiring an additional 309 shares during the period. 56.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. JMP Securities set a $440.00 price objective on shares of Carvana and gave the company a "market outperform" rating in a research report on Wednesday, July 2nd. Wells Fargo & Company upped their target price on shares of Carvana from $290.00 to $310.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Bank of America upped their target price on shares of Carvana from $325.00 to $375.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Wedbush raised shares of Carvana to a "hold" rating in a report on Thursday, May 8th. Finally, Wall Street Zen upgraded shares of Carvana from a "hold" rating to a "buy" rating in a research note on Saturday. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $303.59.

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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