Free Trial

Carvana Co. (NYSE:CVNA) Insider Sells $2,485,000.00 in Stock

Carvana logo with Retail/Wholesale background

Carvana Co. (NYSE:CVNA - Get Free Report) insider Daniel J. Gill sold 7,100 shares of the firm's stock in a transaction dated 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 directly owned 197,832 shares in the company, valued at $69,241,200. The trade was a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Carvana Price Performance

CVNA stock traded down $5.10 during midday trading on Thursday, reaching $345.99. The company had a trading volume of 2,130,945 shares, compared to its average volume of 3,848,660. The company has a debt-to-equity ratio of 2.97, a current ratio of 3.81 and a quick ratio of 2.70. Carvana Co. has a 1 year low of $118.50 and a 1 year high of $364.00. The company has a market capitalization of $74.09 billion, a P/E ratio of 121.40, a P/E/G ratio of 1.35 and a beta of 3.59. The firm has a 50-day moving average price of $312.35 and a 200-day moving average price of $250.78.

Carvana (NYSE:CVNA - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $1.51 EPS for the quarter, topping analysts' consensus estimates 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 business's quarterly revenue was up 38.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.23 EPS. On average, research analysts anticipate that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CVNA. Wall Street Zen raised shares of Carvana from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th. Stephens raised their price objective on shares of Carvana from $300.00 to $375.00 and gave the stock an "overweight" rating in a report on Monday. JPMorgan Chase & Co. decreased their price objective on shares of Carvana from $365.00 to $325.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Morgan Stanley raised their price objective on shares of Carvana from $280.00 to $290.00 and gave the stock an "overweight" rating in a report on Thursday, May 15th. Finally, JMP Securities set a $440.00 price objective on shares of Carvana and gave the stock a "market outperform" rating in a report on Wednesday, July 2nd. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $303.59.

Check Out Our Latest Research Report on Carvana

Institutional Investors Weigh In On Carvana

A number of hedge funds have recently made changes to their positions in CVNA. Price T Rowe Associates Inc. MD lifted its holdings in shares of Carvana by 13.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,950,011 shares of the company's stock worth $3,125,749,000 after acquiring an additional 1,823,218 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Carvana by 9.7% in the 1st quarter. Vanguard Group Inc. now owns 12,534,843 shares of the company's stock worth $2,620,785,000 after acquiring an additional 1,109,476 shares during the last quarter. Norges Bank bought a new stake in shares of Carvana in the 4th quarter worth approximately $179,364,000. Castle Hook Partners LP bought a new stake in shares of Carvana in the 4th quarter worth approximately $116,020,000. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Carvana by 89.8% in the 4th quarter. BNP Paribas Financial Markets now owns 1,018,321 shares of the company's stock worth $207,086,000 after acquiring an additional 481,912 shares during the last quarter. 56.71% of the stock is currently owned by institutional investors.

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.

Featured Stories

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

Should You Invest $1,000 in Carvana Right Now?

Before you consider Carvana, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Carvana wasn't on the list.

While Carvana currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Options Trading Made Easy - Download Now Cover

Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Don’t Miss These Top 3 Defense Stocks Set To Gain
Triple-Digit Gains: These 4 Nuclear Stocks Have Even More Upside Ahead
3 Made in America Stocks Under $20 You Need to See!

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines