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

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.

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

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.