Insider Selling: Carvana Co. (NYSE:CVNA) Insider Sells 1,362 Shares of Stock

Carvana Co. (NYSE:CVNA - Get Free Report) insider Paul W. Breaux sold 1,362 shares of the business's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $270.08, for a total value of $367,848.96. Following the sale, the insider now owns 153,240 shares of the company's stock, valued at approximately $41,387,059.20. This represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Carvana Stock Performance

CVNA traded up $13.22 during trading hours on Friday, hitting $285.62. 3,941,997 shares of the stock were exchanged, compared to its average volume of 2,519,753. The company has a debt-to-equity ratio of 18.99, a current ratio of 3.25 and a quick ratio of 2.12. The stock has a market cap of $59.30 billion, a price-to-earnings ratio of 28,590.19 and a beta of 3.37. Carvana Co. has a 12 month low of $48.15 and a 12 month high of $286.38. The stock has a 50-day simple moving average of $232.45 and a 200-day simple moving average of $203.86.

Institutional Investors Weigh In On Carvana

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Palestra Capital Management LLC increased its stake in Carvana by 15.5% in the 4th quarter. Palestra Capital Management LLC now owns 807,016 shares of the company's stock worth $164,115,000 after purchasing an additional 108,203 shares in the last quarter. JAT Capital Mgmt LP boosted its holdings in Carvana by 13.0% in the fourth quarter. JAT Capital Mgmt LP now owns 86,545 shares of the company's stock valued at $17,600,000 after acquiring an additional 9,938 shares during the last quarter. Comerica Bank boosted its holdings in Carvana by 6.1% during the fourth quarter. Comerica Bank now owns 2,629 shares of the company's stock worth $535,000 after buying an additional 151 shares during the last quarter. Regal Partners Ltd acquired a new stake in Carvana in the 4th quarter valued at approximately $813,000. Finally, Voleon Capital Management LP bought a new position in Carvana in the fourth quarter valued at approximately $7,502,000. 56.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CVNA. Citigroup raised shares of Carvana from a "neutral" rating to a "buy" rating and increased their target price for the company from $195.00 to $277.00 in a research report on Wednesday, January 8th. Royal Bank of Canada upgraded shares of Carvana from a "sector perform" rating to an "outperform" rating and lifted their price target for the company from $270.00 to $280.00 in a research report on Tuesday, January 7th. Jefferies Financial Group boosted their price objective on shares of Carvana from $150.00 to $185.00 and gave the stock a "hold" rating in a research report on Tuesday, October 22nd. Wells Fargo & Company lowered their price target on shares of Carvana from $300.00 to $275.00 and set an "overweight" rating on the stock in a research note on Monday, January 6th. Finally, Wedbush reiterated a "neutral" rating and issued a $250.00 price objective on shares of Carvana in a research report on Thursday, February 6th. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $249.29.

About Carvana

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.