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 shares were sold at an average price of $360.42, for a total value of $34,600.32. Following the completion of the sale, the chief executive officer directly owned 676,440 shares in the company, valued at $243,802,504.80. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Carvana Trading Up 0.0%
Shares of CVNA traded up $0.17 during mid-day trading on Friday, reaching $345.72. 860,398 shares of the company were exchanged, compared to its average volume of 3,822,886. Carvana Co. has a 52 week low of $118.50 and a 52 week high of $364.00. The company has a debt-to-equity ratio of 2.97, a quick ratio of 2.70 and a current ratio of 3.81. The stock has a market capitalization of $74.03 billion, a PE ratio of 121.45, a PEG ratio of 1.37 and a beta of 3.59. The business has a 50 day simple moving average of $314.24 and a two-hundred day simple moving average of $251.63.
Carvana (NYSE:CVNA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.75 by $0.76. The company had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $3.94 billion. Carvana had a return on equity of 44.86% and a net margin of 2.68%. The firm's revenue was up 38.3% compared to the same quarter last year. During the same period last year, the company earned $0.23 earnings per share. On average, analysts predict that Carvana Co. will post 2.85 earnings per share for the current fiscal year.
Analyst Ratings Changes
CVNA has been the topic of several research analyst reports. Stephens raised their price objective on Carvana from $300.00 to $375.00 and gave the company an "overweight" rating in a research note on Monday. Robert W. Baird lifted their price target on Carvana from $200.00 to $275.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Wall Street Zen raised Carvana from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th. Bank of America lifted their price target on Carvana from $325.00 to $375.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Finally, Wells Fargo & Company lifted their price target on Carvana from $290.00 to $310.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $303.59.
Check Out Our Latest Stock Analysis on CVNA
Institutional Investors Weigh In On Carvana
A number of hedge funds have recently added to or reduced their stakes in CVNA. Brooklyn Investment Group increased its holdings in Carvana by 961.5% in the first quarter. Brooklyn Investment Group now owns 138 shares of the company's stock worth $29,000 after purchasing an additional 125 shares in the last quarter. N.E.W. Advisory Services LLC bought a new stake in Carvana in the first quarter worth approximately $33,000. Transce3nd LLC bought a new stake in Carvana in the fourth quarter worth approximately $48,000. Geneos Wealth Management Inc. increased its holdings in Carvana by 251.4% in the first quarter. Geneos Wealth Management Inc. now owns 253 shares of the company's stock worth $53,000 after purchasing an additional 181 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in Carvana by 39.4% in the first quarter. Versant Capital Management Inc now owns 290 shares of the company's stock worth $61,000 after purchasing an additional 82 shares in 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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