Carvana Co (CVNA) Major Shareholder Sells $58,212,472.06 in Stock

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Carvana Co (NYSE:CVNA) major shareholder Ddfs Partnership Lp sold 896,542 shares of the firm’s stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $64.93, for a total value of $58,212,472.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Ddfs Partnership Lp also recently made the following trade(s):

  • On Tuesday, September 11th, Ddfs Partnership Lp sold 253,877 shares of Carvana stock. The shares were sold at an average price of $69.30, for a total value of $17,593,676.10.

Shares of CVNA opened at $63.43 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.47 and a quick ratio of 0.78. The company has a market cap of $9.45 billion, a P/E ratio of -52.42 and a beta of -1.25. Carvana Co has a 12 month low of $12.17 and a 12 month high of $72.59.

Carvana (NYSE:CVNA) last issued its quarterly earnings results on Wednesday, August 8th. The company reported ($0.37) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.34) by ($0.03). The business had revenue of $475.29 million for the quarter, compared to analysts’ expectations of $425.16 million. Carvana had a negative net margin of 5.30% and a negative return on equity of 33.44%. The business’s revenue was up 127.0% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.28) earnings per share. equities research analysts predict that Carvana Co will post -1.49 EPS for the current year.

Large investors have recently added to or reduced their stakes in the business. First Mercantile Trust Co. purchased a new stake in Carvana in the second quarter worth $122,000. Global X Management Co LLC purchased a new stake in Carvana in the second quarter worth $124,000. Legal & General Group Plc increased its position in Carvana by 61.1% in the second quarter. Legal & General Group Plc now owns 4,251 shares of the company’s stock worth $177,000 after buying an additional 1,612 shares during the last quarter. United Services Automobile Association purchased a new stake in Carvana in the second quarter worth $206,000. Finally, Wsfs Capital Management LLC purchased a new stake in Carvana in the second quarter worth $208,000. 25.98% of the stock is owned by institutional investors and hedge funds.

CVNA has been the topic of a number of recent research reports. Robert W. Baird raised their target price on Carvana from $53.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, August 9th. BMO Capital Markets increased their price target on Carvana from $35.00 to $48.00 and gave the company a “market perform” rating in a research report on Thursday, August 9th. JMP Securities increased their price target on Carvana from $35.00 to $63.00 and gave the company a “market outperform” rating in a research report on Thursday, August 9th. Zacks Investment Research raised Carvana from a “sell” rating to a “hold” rating in a research report on Tuesday, July 31st. Finally, Wedbush reaffirmed a “neutral” rating and set a $40.00 price target (up from $24.00) on shares of Carvana in a research report on Monday, August 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $47.19.

Carvana Company Profile

Carvana Co, together with its subsidiaries, operates an e-commerce platform for buying used cars in the United States. The company purchases, reconditions, sells, and delivers vehicles. Its platform allows customers to research and identify a vehicle; inspect it using company's proprietary 360-degree vehicle imaging technology; obtain financing and warranty coverage; purchase the vehicle; and schedule delivery or pick-up.

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Insider Buying and Selling by Quarter for Carvana (NYSE:CVNA)

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