Carvana Co. (NYSE:CVNA - Get Free Report) CEO Ernest C. Garcia III sold 96 shares of the firm's stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $360.42, for a total transaction of $34,600.32. Following the completion of the sale, the chief executive officer owned 676,440 shares of the company's stock, valued at $243,802,504.80. This trade represents a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Carvana Stock Down 0.6%
NYSE CVNA traded down $2.22 during trading on Friday, reaching $343.33. 1,873,600 shares of the company's stock traded hands, compared to its average volume of 3,828,148. 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 firm has a market cap of $73.52 billion, a price-to-earnings ratio of 120.47, a price-to-earnings-growth ratio of 1.35 and a beta of 3.59. The company's 50 day simple moving average is $315.96 and its two-hundred day simple moving average is $252.46. Carvana Co. has a 12-month low of $118.50 and a 12-month high of $364.00.
Carvana (NYSE:CVNA - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $1.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.75 by $0.76. Carvana had a net margin of 2.68% and a return on equity of 44.86%. The business had revenue of $4.23 billion for the quarter, compared to analysts' expectations of $3.94 billion. During the same period last year, the business earned $0.23 EPS. The company's revenue was up 38.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Carvana Co. will post 2.85 EPS for the current fiscal year.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on the stock. Piper Sandler set a $340.00 target price on shares of Carvana and gave the stock an "overweight" rating in a report on Thursday, May 22nd. Wedbush raised shares of Carvana to a "hold" rating in a research note on Thursday, May 8th. 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. Morgan Stanley raised their price target on shares of Carvana from $280.00 to $290.00 and gave the stock an "overweight" rating in a research note on Thursday, May 15th. Finally, Stephens raised their price target on shares of Carvana from $300.00 to $375.00 and gave the stock an "overweight" rating in a research note on Monday. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $303.59.
Get Our Latest Stock Report on Carvana
Institutional Trading of Carvana
A number of institutional investors have recently modified their holdings of the company. Yousif Capital Management LLC boosted its holdings in shares of Carvana by 4.1% in the 1st quarter. Yousif Capital Management LLC now owns 1,266 shares of the company's stock valued at $265,000 after buying an additional 50 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Carvana by 5.2% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,223 shares of the company's stock valued at $256,000 after buying an additional 60 shares in the last quarter. Commerce Bank boosted its stake in Carvana by 1.6% in the 1st quarter. Commerce Bank now owns 4,446 shares of the company's stock worth $930,000 after purchasing an additional 69 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Carvana by 3.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,227 shares of the company's stock worth $466,000 after purchasing an additional 72 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Carvana by 21.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 426 shares of the company's stock worth $87,000 after purchasing an additional 74 shares during the last quarter. 56.71% of the stock is currently owned by institutional investors.
Carvana Company Profile
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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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