Carvana Co. (NYSE:CVNA - Get Free Report) CEO Ernest C. Garcia III sold 5,439 shares of Carvana stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $344.00, for a total transaction of $1,871,016.00. Following the sale, the chief executive officer directly owned 691,440 shares in the company, valued at $237,855,360. The trade was a 0.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Carvana Stock Up 1.5%
CVNA stock traded up $5.12 during trading on Friday, hitting $348.51. 1,542,889 shares of the stock traded hands, compared to its average volume of 3,860,027. The stock has a market cap of $74.63 billion, a price-to-earnings ratio of 122.28, a price-to-earnings-growth ratio of 1.36 and a beta of 3.59. The company has a debt-to-equity ratio of 2.97, a current ratio of 3.81 and a quick ratio of 2.70. Carvana Co. has a 1 year low of $118.50 and a 1 year high of $351.43. The firm's 50 day moving average is $305.85 and its two-hundred day moving average is $248.20.
Carvana (NYSE:CVNA - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $1.51 EPS for the quarter, beating analysts' consensus estimates of $0.75 by $0.76. The firm had revenue of $4.23 billion for the quarter, compared to analysts' expectations of $3.94 billion. Carvana had a net margin of 2.68% and a return on equity of 44.86%. The business's revenue for the quarter was up 38.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.23 earnings per share. On average, sell-side analysts anticipate that Carvana Co. will post 2.85 EPS for the current year.
Wall Street Analysts Forecast Growth
Several analysts have commented on CVNA shares. Robert W. Baird raised their price objective on shares of Carvana from $200.00 to $275.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Wedbush raised Carvana to a "hold" rating in a research report on Thursday, May 8th. Citigroup restated an "outperform" rating on shares of Carvana in a research report on Wednesday. Wall Street Zen downgraded Carvana from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. Finally, Piper Sandler set a $340.00 price objective on Carvana and gave the company an "overweight" rating in a research report on Thursday, May 22nd. Seven investment 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.com, Carvana presently has an average rating of "Moderate Buy" and an average target price of $293.88.
Read Our Latest Stock Report on Carvana
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. increased its position in shares of Carvana by 9.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 462,962 shares of the company's stock valued at $94,148,000 after purchasing an additional 39,089 shares during the last quarter. J.Safra Asset Management Corp grew its position in Carvana by 140.8% during the first quarter. J.Safra Asset Management Corp now owns 3,390 shares of the company's stock valued at $709,000 after buying an additional 1,982 shares during the period. Raymond James Financial Inc. purchased a new stake in Carvana during the fourth quarter valued at approximately $60,866,000. Worldquant Millennium Advisors LLC bought a new position in Carvana in the fourth quarter worth approximately $51,091,000. Finally, Farther Finance Advisors LLC boosted its stake in shares of Carvana by 333.1% during the 1st quarter. Farther Finance Advisors LLC now owns 3,482 shares of the company's stock worth $740,000 after acquiring an additional 2,678 shares during the last quarter. Institutional investors own 56.71% of the company's stock.
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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