Carvana Co. (NYSE:CVNA - Get Free Report) CEO Ernest C. Garcia III sold 10,000 shares of the stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $309.74, for a total transaction of $3,097,400.00. Following the completion of the sale, the chief executive officer now owns 726,440 shares of the company's stock, valued at approximately $225,007,525.60. This trade represents a 1.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Carvana Stock Performance
CVNA traded up $13.39 on Friday, hitting $319.87. The company's stock had a trading volume of 7,936,045 shares, compared to its average volume of 3,924,750. The company's 50 day simple moving average is $293.50 and its 200-day simple moving average is $245.03. The company has a quick ratio of 2.70, a current ratio of 3.81 and a debt-to-equity ratio of 2.97. Carvana Co. has a 12 month low of $118.50 and a 12 month high of $351.43. The firm has a market cap of $68.50 billion, a P/E ratio of 112.24, a price-to-earnings-growth ratio of 1.19 and a beta of 3.65.
Carvana (NYSE:CVNA - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $1.51 EPS for the quarter, beating 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 firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $3.94 billion. During the same period last year, the firm earned $0.23 EPS. The business's quarterly revenue was up 38.3% compared to the same quarter last year. Analysts forecast that Carvana Co. will post 2.85 EPS for the current year.
Analysts Set New Price Targets
Several research firms have commented on CVNA. Royal Bank Of Canada increased their price objective on shares of Carvana from $320.00 to $340.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Wall Street Zen lowered shares of Carvana from a "buy" rating to a "hold" rating in a research note on Saturday, June 21st. Citigroup increased their price objective on shares of Carvana from $280.00 to $325.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Bank of America increased their target price on shares of Carvana from $325.00 to $375.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Carvana from $365.00 to $325.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $284.18.
Get Our Latest Report on Carvana
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of CVNA. Brooklyn Investment Group boosted its holdings in 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 purchasing an additional 125 shares during the period. Global Retirement Partners LLC raised its position in shares of Carvana by 109.9% during the 4th quarter. Global Retirement Partners LLC now owns 149 shares of the company's stock valued at $30,000 after buying an additional 78 shares in the last quarter. Rialto Wealth Management LLC purchased a new stake in shares of Carvana during the 4th quarter valued at $31,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Carvana during the 1st quarter valued at $33,000. Finally, Venturi Wealth Management LLC raised its position in shares of Carvana by 79.2% during the 4th quarter. Venturi Wealth Management LLC now owns 224 shares of the company's stock valued at $46,000 after buying an additional 99 shares in the last quarter. 56.71% of the stock is owned by institutional investors.
About Carvana
(
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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.
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