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 the 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 completion of the sale, the insider owned 197,832 shares in the company, valued at $69,241,200. This represents a 3.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Carvana Stock Performance

CVNA stock traded down $2.22 during trading hours on Friday, reaching $343.33. The stock had a trading volume of 1,873,600 shares, compared to its average volume of 3,828,148. Carvana Co. has a fifty-two week low of $118.50 and a fifty-two week high of $364.00. The company has a debt-to-equity ratio of 2.97, a current ratio of 3.81 and a quick ratio of 2.70. The stock has a market capitalization of $73.52 billion, a PE ratio of 120.47, a price-to-earnings-growth ratio of 1.35 and a beta of 3.59. The stock has a 50-day simple moving average of $315.96 and a 200 day simple moving average of $252.46.

Carvana (NYSE:CVNA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $1.51 EPS for the quarter, beating analysts' consensus estimates of $0.75 by $0.76. Carvana had a return on equity of 44.86% and a net margin of 2.68%. The firm had revenue of $4.23 billion for the quarter, compared to analyst estimates of $3.94 billion. During the same period in the prior year, the firm posted $0.23 EPS. The company's revenue for the quarter was up 38.3% on a year-over-year basis. Analysts predict that Carvana Co. will post 2.85 EPS for the current fiscal year.

Institutional Investors Weigh In On Carvana

A number of large investors have recently added to or reduced their stakes in CVNA. Jones Financial Companies Lllp raised its position in Carvana by 265.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,697 shares of the company's stock valued at $345,000 after purchasing an additional 1,233 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Carvana by 9.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 462,962 shares of the company's stock worth $94,148,000 after purchasing an additional 39,089 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Carvana by 51.0% in the fourth quarter. Victory Capital Management Inc. now owns 37,845 shares of the company's stock valued at $7,696,000 after buying an additional 12,774 shares during the period. Atria Investments Inc bought a new position in Carvana in the 4th quarter valued at approximately $240,000. Finally, M&T Bank Corp boosted its position in Carvana by 4.5% during the 4th quarter. M&T Bank Corp now owns 7,118 shares of the company's stock worth $1,448,000 after buying an additional 309 shares during the period. Institutional investors and hedge funds own 56.71% of the company's stock.

Analyst Upgrades and Downgrades

CVNA has been the topic of a number of recent analyst reports. Evercore ISI lifted their price target on shares of Carvana from $295.00 to $305.00 and gave the stock an "in-line" rating in a research report on Tuesday, June 24th. Wedbush upgraded Carvana to a "hold" rating in a report on Thursday, May 8th. Robert W. Baird boosted their target price on Carvana from $200.00 to $275.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. lowered their price target on Carvana from $365.00 to $325.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Finally, Royal Bank Of Canada lifted their price objective on Carvana from $320.00 to $340.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, Carvana currently has an average rating of "Moderate Buy" and an average target price of $303.59.

Carvana Company Profile

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.