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

Carvana logo with Retail/Wholesale background

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.

View Our Latest Analysis on CVNA

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.

Further Reading

Insider Buying and Selling by Quarter for Carvana (NYSE:CVNA)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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