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 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 directly owned 197,832 shares in the company, valued at approximately $69,241,200. This represents a 3.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Carvana Stock Up 1.4%

Carvana stock traded up $4.69 during midday trading on Wednesday, hitting $350.61. 1,901,321 shares of the company's stock were exchanged, compared to its average volume of 3,855,526. 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 Co. has a 12 month low of $118.50 and a 12 month high of $364.00. The firm has a 50-day moving average of $312.35 and a two-hundred day moving average of $250.78. The company has a market cap of $75.08 billion, a PE ratio of 123.02, a P/E/G ratio of 1.35 and a beta of 3.59.

Carvana (NYSE:CVNA - Get Free Report) last issued its earnings results 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. Carvana had a net margin of 2.68% and a return on equity of 44.86%. The company had revenue of $4.23 billion for the quarter, compared to analysts' expectations of $3.94 billion. During the same period in the prior year, the business earned $0.23 EPS. The firm's quarterly revenue was up 38.3% on a year-over-year basis. As a group, analysts expect that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

Institutional Trading of Carvana

Institutional investors have recently modified their holdings of the company. Brooklyn Investment Group boosted its holdings in shares of Carvana by 961.5% in the 1st quarter. Brooklyn Investment Group now owns 138 shares of the company's stock valued at $29,000 after buying an additional 125 shares in the last quarter. Rialto Wealth Management LLC bought a new stake in shares of Carvana in the 4th quarter valued at about $31,000. N.E.W. Advisory Services LLC bought a new stake in shares of Carvana in the 1st quarter valued at about $33,000. Transce3nd LLC bought a new stake in shares of Carvana in the 4th quarter valued at about $48,000. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Carvana by 251.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 253 shares of the company's stock valued at $53,000 after buying an additional 181 shares in the last quarter. 56.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CVNA shares. Wells Fargo & Company increased their target price on shares of Carvana from $290.00 to $310.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Citigroup increased their target price on shares of Carvana from $325.00 to $415.00 and gave the company a "buy" rating in a research note on Tuesday. Needham & Company LLC reaffirmed a "buy" rating and issued a $340.00 price target on shares of Carvana in a research note on Thursday, May 8th. JMP Securities set a $440.00 price target on shares of Carvana and gave the stock a "market outperform" rating in a research note on Wednesday, July 2nd. Finally, Bank of America raised their price target on shares of Carvana from $325.00 to $375.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Carvana presently has an average 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.