Carvana Co. (NYSE:CVNA) Insider Daniel J. Gill Sells 32,500 Shares

Carvana Co. (NYSE:CVNA - Get Free Report) insider Daniel J. Gill sold 32,500 shares of the stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $320.00, for a total transaction of $10,400,000.00. Following the sale, the insider now owns 201,087 shares of the company's stock, valued at approximately $64,347,840. This represents a 13.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Carvana Trading Up 2.3%

CVNA stock traded up $7.26 during trading on Friday, reaching $326.91. The company had a trading volume of 4,458,631 shares, compared to its average volume of 3,958,313. Carvana Co. has a 52 week low of $97.55 and a 52 week high of $327.75. The company has a market cap of $70.01 billion, a P/E ratio of 208.22 and a beta of 3.61. The business has a 50 day moving average of $245.17 and a 200 day moving average of $235.13. 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 (NYSE:CVNA - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $1.51 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $3.94 billion. During the same quarter last year, the firm earned $0.23 earnings per share. The business's revenue for the quarter was up 38.3% on a year-over-year basis. As a group, sell-side analysts forecast that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Carvana

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Yousif Capital Management LLC increased its stake in shares of Carvana by 4.1% during the first quarter. Yousif Capital Management LLC now owns 1,266 shares of the company's stock valued at $265,000 after purchasing an additional 50 shares in the last quarter. Fidelis Capital Partners LLC increased its stake in shares of Carvana by 3.4% during the fourth quarter. Fidelis Capital Partners LLC now owns 1,541 shares of the company's stock valued at $313,000 after purchasing an additional 51 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Carvana by 5.2% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,223 shares of the company's stock valued at $256,000 after purchasing an additional 60 shares in the last quarter. Bleakley Financial Group LLC increased its stake in shares of Carvana by 2.8% during the fourth quarter. Bleakley Financial Group LLC now owns 2,373 shares of the company's stock valued at $483,000 after purchasing an additional 65 shares in the last quarter. Finally, Commerce Bank increased its stake in shares of Carvana by 1.6% during the first quarter. Commerce Bank now owns 4,446 shares of the company's stock valued at $930,000 after purchasing an additional 69 shares in the last quarter. Institutional investors own 56.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CVNA shares. Royal Bank of Canada increased their target price on shares of Carvana from $320.00 to $340.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Stephens reiterated an "overweight" rating and set a $300.00 target price on shares of Carvana in a report on Monday, March 3rd. Morgan Stanley increased their target price on shares of Carvana from $280.00 to $290.00 and gave the stock an "overweight" rating in a report on Thursday, May 15th. Needham & Company LLC reiterated a "buy" rating and set a $340.00 target price on shares of Carvana in a report on Thursday, May 8th. Finally, William Blair reiterated an "outperform" rating on shares of Carvana in a report on Thursday, February 20th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $275.65.

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.