Carvana Co. (NYSE:CVNA - Get Free Report) CEO Ernest C. Garcia III sold 10,000 shares of Carvana stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $338.30, for a total value of $3,383,000.00. Following the transaction, the chief executive officer directly owned 696,440 shares in the company, valued at approximately $235,605,652. This trade represents a 1.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Carvana Stock Performance
Shares of Carvana stock traded up $5.12 on Thursday, reaching $348.51. The stock had a trading volume of 1,542,889 shares, compared to its average volume of 3,850,894. 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 business's 50-day moving average price is $301.34 and its two-hundred day moving average price is $246.91. The stock has a market cap of $74.63 billion, a P/E ratio of 122.28, a price-to-earnings-growth ratio of 1.32 and a beta of 3.59. Carvana Co. has a fifty-two week low of $118.50 and a fifty-two week high of $351.43.
Carvana (NYSE:CVNA - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $1.51 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 firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $3.94 billion. During the same quarter last year, the firm posted $0.23 EPS. The business's quarterly revenue was up 38.3% on a year-over-year basis. On average, sell-side analysts forecast that Carvana Co. will post 2.85 EPS for the current year.
Hedge Funds Weigh In On Carvana
Large investors have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD boosted its holdings in Carvana by 13.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,950,011 shares of the company's stock valued at $3,125,749,000 after purchasing an additional 1,823,218 shares during the period. Vanguard Group Inc. boosted its holdings in Carvana by 9.7% during the first quarter. Vanguard Group Inc. now owns 12,534,843 shares of the company's stock valued at $2,620,785,000 after purchasing an additional 1,109,476 shares in the last quarter. Durable Capital Partners LP boosted its stake in Carvana by 6.3% in the 4th quarter. Durable Capital Partners LP now owns 2,168,232 shares of the company's stock valued at $440,932,000 after buying an additional 129,246 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Carvana by 4.2% in the 4th quarter. Geode Capital Management LLC now owns 1,878,796 shares of the company's stock worth $381,592,000 after purchasing an additional 75,250 shares during the last quarter. Finally, Whale Rock Capital Management LLC increased its holdings in shares of Carvana by 29.8% during the fourth quarter. Whale Rock Capital Management LLC now owns 1,214,679 shares of the company's stock worth $247,017,000 after buying an additional 278,760 shares in the last quarter. Institutional investors and hedge funds own 56.71% of the company's stock.
Analysts Set New Price Targets
CVNA has been the subject of several research reports. Evercore ISI raised their price target on shares of Carvana from $295.00 to $305.00 and gave the stock an "in-line" rating in a report on Tuesday, June 24th. Robert W. Baird increased their target price on shares of Carvana from $200.00 to $275.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Royal Bank Of Canada lifted their target price 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. Morgan Stanley upped 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, Bank of America lifted their price objective on Carvana from $325.00 to $375.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $293.88.
Read Our Latest Report on CVNA
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.
Further Reading

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