Carvana Co (NYSE:CVNA) insider Paul W. Breaux sold 37,500 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $64.82, for a total transaction of $2,430,750.00. Following the sale, the insider now owns 48,194 shares of the company’s stock, valued at approximately $3,123,935.08. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of NYSE CVNA traded down $1.52 during trading on Friday, hitting $67.82. The stock had a trading volume of 28,585 shares, compared to its average volume of 1,386,495. Carvana Co has a 12 month low of $24.36 and a 12 month high of $76.85. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.39 and a quick ratio of 0.76. The firm has a market cap of $9.53 billion, a price-to-earnings ratio of -39.50 and a beta of 2.43.
Carvana (NYSE:CVNA) last posted its earnings results on Wednesday, May 8th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.50) by ($0.03). Carvana had a negative return on equity of 30.85% and a negative net margin of 3.54%. The firm had revenue of $755.23 million during the quarter, compared to the consensus estimate of $696.61 million. On average, research analysts anticipate that Carvana Co will post -1.78 EPS for the current fiscal year.
A number of brokerages have commented on CVNA. B. Riley restated a “buy” rating and set a $91.00 price target (up previously from $72.00) on shares of Carvana in a research note on Monday, April 29th. Citigroup boosted their price target on shares of Carvana from $80.00 to $90.00 and gave the company a “positive” rating in a research note on Thursday, May 9th. Morgan Stanley decreased their price target on shares of Carvana from $23.00 to $21.00 and set an “underweight” rating for the company in a research note on Thursday, February 28th. Robert W. Baird boosted their price target on shares of Carvana from $58.00 to $65.00 and gave the company an “outperform” rating in a research note on Monday, March 25th. Finally, Wedbush boosted their price target on shares of Carvana from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the stock. Carvana has an average rating of “Hold” and an average price target of $66.18.
Several hedge funds and other institutional investors have recently bought and sold shares of CVNA. Fifth Third Bancorp bought a new stake in shares of Carvana in the 1st quarter worth $29,000. Valeo Financial Advisors LLC grew its stake in shares of Carvana by 100.0% in the 1st quarter. Valeo Financial Advisors LLC now owns 1,000 shares of the company’s stock worth $58,000 after acquiring an additional 500 shares in the last quarter. First Mercantile Trust Co. boosted its holdings in shares of Carvana by 34.1% in the 4th quarter. First Mercantile Trust Co. now owns 3,061 shares of the company’s stock worth $100,000 after buying an additional 779 shares during the last quarter. CX Institutional purchased a new position in shares of Carvana in the 4th quarter worth about $106,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Carvana in the 4th quarter worth about $131,000. Hedge funds and other institutional investors own 34.21% of the company’s stock.
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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 proprietary 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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