Paul Breaux Sells 15,000 Shares of Carvana (NYSE:CVNA) Stock

Key Points

• Insider Paul Breaux sold 15,000 shares of Carvana stock for $5,625,000, resulting in a 15.30% decrease in his holdings.
• Carvana's stock traded down 2.8% to $354.89, with a market cap of $76.37 billion, and reported a net margin of 3.46% for its latest quarterly results.
• Equities research analysts have a consensus target price of $383.47 for Carvana, with multiple firms upgrading their price targets in recent months.

Carvana Co. (NYSE:CVNA - Get Free Report) insider Paul Breaux sold 15,000 shares of the company's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $375.00, for a total value of $5,625,000.00. Following the transaction, the insider directly owned 83,018 shares in the company, valued at approximately $31,131,750. This represents a 15.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Carvana Trading Down 2.8%

Shares of NYSE CVNA traded down $10.23 during midday trading on Thursday, hitting $354.89. The stock had a trading volume of 3,506,624 shares, compared to its average volume of 2,279,158. The firm has a market cap of $76.37 billion, a P/E ratio of 91.51, a price-to-earnings-growth ratio of 1.21 and a beta of 3.51. Carvana Co. has a fifty-two week low of $133.57 and a fifty-two week high of $413.33. The company has a debt-to-equity ratio of 2.51, a current ratio of 4.00 and a quick ratio of 2.58. The company's 50-day simple moving average is $353.67 and its 200 day simple moving average is $288.06.

Carvana (NYSE:CVNA - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.19. The business had revenue of $4.84 billion for the quarter, compared to analysts' expectations of $4.54 billion. Carvana had a return on equity of 40.57% and a net margin of 3.46%.The firm's quarterly revenue was up 41.9% compared to the same quarter last year. During the same quarter last year, the business earned ($0.05) earnings per share. Research analysts anticipate that Carvana Co. will post 2.85 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Stephens lifted their price target on shares of Carvana from $300.00 to $375.00 and gave the stock an "overweight" rating in a research report on Monday, July 7th. Morgan Stanley raised their price objective on shares of Carvana from $280.00 to $290.00 and gave the company an "overweight" rating in a research note on Thursday, May 15th. Bank of America upped their target price on shares of Carvana from $375.00 to $425.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Wells Fargo & Company increased their price target on Carvana from $390.00 to $425.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Finally, William Blair reaffirmed an "outperform" rating on shares of Carvana in a research note on Wednesday, July 23rd. Twelve research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $383.47.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Hilltop National Bank bought a new stake in Carvana in the 2nd quarter valued at $25,000. SJS Investment Consulting Inc. grew its holdings in shares of Carvana by 960.0% in the 2nd quarter. SJS Investment Consulting Inc. now owns 106 shares of the company's stock valued at $36,000 after acquiring an additional 96 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of Carvana in the second quarter valued at about $38,000. LRI Investments LLC acquired a new position in shares of Carvana during the 2nd quarter worth approximately $42,000. Finally, Brooklyn Investment Group raised its stake in shares of Carvana by 961.5% during the 1st quarter. Brooklyn Investment Group now owns 138 shares of the company's stock worth $29,000 after purchasing an additional 125 shares in the last quarter. 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.

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