Carvana Co. (NYSE:CVNA - Get Free Report) CEO Ernest C. Garcia III sold 4,552 shares of the firm's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $333.23, for a total value of $1,516,862.96. Following the sale, the chief executive officer now directly owns 762,724 shares of the company's stock, valued at $254,162,518.52. This represents a 0.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Carvana Stock Down 4.8%
Shares of NYSE CVNA traded down $15.38 during mid-day trading on Friday, hitting $303.58. 1,445,624 shares of the stock traded hands, compared to its average volume of 3,914,067. Carvana Co. has a 52 week low of $100.05 and a 52 week high of $351.43. 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 cap of $65.01 billion, a price-to-earnings ratio of 193.57 and a beta of 3.65. The stock has a fifty day moving average price of $270.50 and a 200-day moving average price of $240.77.
Carvana (NYSE:CVNA - Get Free Report) last posted 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 for the quarter, compared to the consensus estimate of $3.94 billion. Carvana had a net margin of 1.54% and a return on equity of 36.59%. The firm's revenue was up 38.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.23 earnings per share. Research analysts anticipate that Carvana Co. will post 2.85 EPS for the current year.
Analyst Ratings Changes
A number of research firms have recently weighed in on CVNA. Royal Bank of Canada increased their price target on Carvana from $320.00 to $340.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Needham & Company LLC reissued a "buy" rating and issued a $340.00 target price on shares of Carvana in a research report on Thursday, May 8th. Stephens reaffirmed an "overweight" rating and issued a $300.00 target price on shares of Carvana in a research report on Monday, March 3rd. William Blair reissued an "outperform" rating on shares of Carvana in a research report on Thursday, February 20th. Finally, Evercore ISI reduced their price objective on Carvana from $250.00 to $240.00 and set an "in-line" rating for the company in a report on Tuesday, March 11th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $280.35.
View Our Latest Stock Analysis on CVNA
Institutional Trading of Carvana
A number of institutional investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD increased its position in shares of Carvana by 13.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 14,950,011 shares of the company's stock worth $3,125,749,000 after acquiring an additional 1,823,218 shares during the period. Vanguard Group Inc. boosted its holdings in Carvana by 9.7% in the first quarter. Vanguard Group Inc. now owns 12,534,843 shares of the company's stock worth $2,620,785,000 after acquiring an additional 1,109,476 shares in the last quarter. Norges Bank acquired a new position in shares of Carvana in the 4th quarter valued at $179,364,000. Castle Hook Partners LP purchased a new stake in Carvana in the fourth quarter valued at approximately $116,020,000. Finally, BNP Paribas Financial Markets lifted its position in Carvana by 89.8% during the fourth quarter. BNP Paribas Financial Markets now owns 1,018,321 shares of the company's stock valued at $207,086,000 after purchasing an additional 481,912 shares during the period. 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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