Insider Selling: Carvana (NYSE:CVNA) Insider Sells 20,000 Shares of Stock

by · The Cerbat Gem

Carvana Co. (NYSE:CVNA – Get Free Report) insider Paul Breaux sold 20,000 shares of Carvana stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $438.50, for a total transaction of $8,770,000.00. Following the sale, the insider owned 69,289 shares of the company’s stock, valued at $30,383,226.50. The trade was a 22.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Carvana Trading Up 2.6%

CVNA stock traded up $11.82 during mid-day trading on Wednesday, reaching $468.15. The company had a trading volume of 4,910,028 shares, compared to its average volume of 3,833,348. The company has a market capitalization of $101.84 billion, a PE ratio of 106.88, a price-to-earnings-growth ratio of 1.62 and a beta of 3.51. The firm has a 50 day moving average of $349.22 and a 200 day moving average of $348.17. Carvana Co. has a 12 month low of $148.25 and a 12 month high of $474.31. The company has a debt-to-equity ratio of 1.63, a current ratio of 4.05 and a quick ratio of 2.55.

Carvana (NYSE:CVNA – Get Free Report) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.29 by ($0.26). Carvana had a net margin of 3.44% and a return on equity of 30.62%. The company had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.04 billion. During the same period in the prior year, the firm posted $0.64 EPS. The business’s revenue was up 54.5% on a year-over-year basis. On average, equities analysts predict that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Carvana

Several institutional investors and hedge funds have recently added to or reduced their stakes in CVNA. Hilltop National Bank purchased a new stake in Carvana during the 2nd quarter worth approximately $25,000. Brooklyn Investment Group raised its holdings in shares of Carvana by 961.5% in the first quarter. Brooklyn Investment Group now owns 138 shares of the company’s stock worth $29,000 after buying an additional 125 shares during the last quarter. ORG Partners LLC lifted its stake in shares of Carvana by 8,700.0% during the third quarter. ORG Partners LLC now owns 88 shares of the company’s stock worth $33,000 after buying an additional 87 shares during the period. SJS Investment Consulting Inc. grew its holdings in shares of Carvana by 960.0% during 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 during the last quarter. Finally, Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Carvana during the third quarter valued at $38,000. Hedge funds and other institutional investors own 56.71% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Carvana in a report on Monday, December 1st. Jefferies Financial Group reaffirmed a “buy” rating on shares of Carvana in a research note on Tuesday, November 25th. Wall Street Zen cut shares of Carvana from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. Citigroup cut their target price on shares of Carvana from $490.00 to $445.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Finally, DA Davidson set a $360.00 price target on shares of Carvana in a report on Thursday, October 30th. Eighteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Carvana currently has an average rating of “Moderate Buy” and a consensus target price of $430.19.

View Our Latest Stock Report on Carvana

Carvana Company Profile

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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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