Carvana Co. (NYSE:CVNA) Director Gregory B. Sullivan Sells 2,500 Shares

Carvana Co. (NYSE:CVNA - Get Free Report) Director Gregory B. Sullivan sold 2,500 shares of the firm's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $343.91, for a total transaction of $859,775.00. Following the completion of the sale, the director now owns 51,928 shares in the company, valued at $17,858,558.48. The trade was a 4.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Carvana Price Performance

NYSE:CVNA traded down $15.38 during trading hours on Friday, hitting $303.58. The company's stock had a trading volume of 1,445,624 shares, compared to its average volume of 3,914,067. The business's 50-day moving average is $270.50 and its two-hundred day moving average is $240.77. The company has a debt-to-equity ratio of 3.82, a quick ratio of 2.12 and a current ratio of 3.64. The company has a market capitalization of $65.01 billion, a PE ratio of 193.57 and a beta of 3.65. Carvana Co. has a 52-week low of $100.05 and a 52-week high of $351.43.

Carvana (NYSE:CVNA - Get Free Report) last released its quarterly 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. The business 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 36.59% and a net margin of 1.54%. The business's revenue was up 38.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.23 EPS. As a group, research analysts anticipate that Carvana Co. will post 2.85 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on CVNA. Piper Sandler set a $340.00 target price on shares of Carvana and gave the company an "overweight" rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. cut their price target on Carvana from $365.00 to $325.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Royal Bank of Canada boosted their price objective on Carvana from $320.00 to $340.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Citigroup raised their target price on shares of Carvana from $280.00 to $325.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Finally, Wells Fargo & Company upped their price target on shares of Carvana from $290.00 to $310.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $280.35.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Quent Capital LLC purchased a new stake in Carvana in the 4th quarter valued at approximately $28,000. Brooklyn Investment Group lifted its position in shares of Carvana by 961.5% in the first quarter. Brooklyn Investment Group now owns 138 shares of the company's stock valued at $29,000 after acquiring an additional 125 shares in the last quarter. Global Retirement Partners LLC increased its position in Carvana by 109.9% during the 4th quarter. Global Retirement Partners LLC now owns 149 shares of the company's stock worth $30,000 after purchasing an additional 78 shares in the last quarter. Rialto Wealth Management LLC acquired a new position in Carvana in the 4th quarter valued at about $31,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in shares of Carvana during the first quarter worth about $33,000. 56.71% of the stock is owned by hedge funds and other institutional investors.

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.