Carvana Co (CVNA) Insider Sells $2,430,750.00 in Stock

Share on StockTwits

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.

COPYRIGHT VIOLATION NOTICE: This news story was first published by Macon Daily and is the sole property of of Macon Daily. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of U.S. & international copyright legislation. The original version of this news story can be viewed at https://macondaily.com/2019/05/17/carvana-co-cvna-insider-sells-2430750-00-in-stock.html.

About Carvana

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.

Featured Story: Google Finance Portfolio Workaround

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

Receive News & Ratings for Carvana Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carvana and related companies with MarketBeat.com's FREE daily email newsletter.