Carvana Co. (NYSE:CVNA) Insider Paul W. Breaux Sells 20,000 Shares

Carvana Co. (NYSE:CVNA - Get Free Report) insider Paul W. Breaux sold 20,000 shares of Carvana stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $348.00, for a total value of $6,960,000.00. Following the completion of the sale, the insider now owns 148,340 shares in the company, valued at approximately $51,622,320. This trade represents a 11.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Carvana Trading Down 0.8%

CVNA stock traded down $2.59 during midday trading on Tuesday, reaching $337.32. 1,644,011 shares of the company's stock traded hands, compared to its average volume of 3,940,188. The company has a debt-to-equity ratio of 3.82, a current ratio of 3.64 and a quick ratio of 2.12. Carvana Co. has a fifty-two week low of $100.05 and a fifty-two week high of $351.43. The business has a 50-day moving average price of $260.79 and a two-hundred day moving average price of $238.98. The company has a market capitalization of $72.24 billion, a P/E ratio of 214.83 and a beta of 3.65.

Carvana (NYSE:CVNA - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.76. Carvana had a net margin of 1.54% and a return on equity of 36.59%. The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $3.94 billion. During the same quarter in the previous year, the business posted $0.23 EPS. The business's quarterly revenue was up 38.3% on a year-over-year basis. Equities research analysts forecast that Carvana Co. will post 2.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CVNA. JMP Securities cut their price target on shares of Carvana from $340.00 to $275.00 and set a "market outperform" rating for the company in a report on Wednesday, April 9th. Evercore ISI dropped their target price on shares of Carvana from $250.00 to $240.00 and set an "in-line" rating for the company in a report on Tuesday, March 11th. JPMorgan Chase & Co. dropped their price target on Carvana from $365.00 to $325.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. William Blair reiterated an "outperform" rating on shares of Carvana in a research report on Thursday, February 20th. Finally, Piper Sandler set a $340.00 price objective on shares of Carvana and gave the company an "overweight" rating in a research note on Thursday, May 22nd. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $280.35.

Institutional Inflows and Outflows

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

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.