Carvana Co. (NYSE:CVNA - Get Free Report) CEO Ernest C. Garcia III sold 10,000 shares of the business's stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $362.21, for a total value of $3,622,100.00. Following the completion of the transaction, the chief executive officer directly owned 426,440 shares of the company's stock, valued at approximately $154,460,832.40. This trade represents a 2.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Carvana Trading Up 3.9%
Shares of Carvana stock traded up $14.72 on Friday, reaching $392.88. 5,379,671 shares of the company's stock were exchanged, compared to its average volume of 2,358,169. Carvana Co. has a 52 week low of $148.25 and a 52 week high of $413.33. The firm's 50-day moving average is $356.76 and its two-hundred day moving average is $296.49. The company has a debt-to-equity ratio of 2.51, a quick ratio of 2.58 and a current ratio of 4.00. The company has a market capitalization of $84.55 billion, a P/E ratio of 98.47, a price-to-earnings-growth ratio of 1.28 and a beta of 3.51.
Carvana (NYSE:CVNA - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.19. Carvana had a return on equity of 40.57% and a net margin of 3.46%.The business had revenue of $4.84 billion for the quarter, compared to analysts' expectations of $4.54 billion. During the same period last year, the business earned ($0.05) EPS. The business's revenue was up 41.9% on a year-over-year basis. Sell-side analysts predict that Carvana Co. will post 2.85 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on CVNA shares. Stephens upped their target price on Carvana from $300.00 to $375.00 and gave the company an "overweight" rating in a report on Monday, July 7th. Needham & Company LLC increased their target price on Carvana from $340.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Wall Street Zen raised Carvana from a "hold" rating to a "buy" rating in a research report on Saturday. Wells Fargo & Company increased their target price on Carvana from $390.00 to $425.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Finally, Gordon Haskett initiated coverage on Carvana in a research note on Monday, July 14th. They issued a "hold" rating and a $329.00 price objective on the stock. Twelve investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $384.06.
View Our Latest Stock Report on CVNA
Institutional Investors Weigh In On Carvana
Institutional investors and hedge funds have recently bought and sold shares of the business. Hilltop National Bank bought a new stake in Carvana during the second quarter worth approximately $25,000. Brooklyn Investment Group grew its position in Carvana by 961.5% in the 1st quarter. Brooklyn Investment Group now owns 138 shares of the company's stock worth $29,000 after purchasing an additional 125 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new stake in shares of Carvana during the 1st quarter valued at about $33,000. SJS Investment Consulting Inc. boosted its position in Carvana by 960.0% in the second quarter. SJS Investment Consulting Inc. now owns 106 shares of the company's stock valued at $36,000 after buying an additional 96 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in shares of Carvana in the second quarter worth about $38,000. Institutional investors and hedge funds own 56.71% of the company's stock.
About Carvana
(
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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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