Insider Selling: Carvana Co. (NYSE:CVNA) Insider Sells 14,548 Shares of Stock

Carvana Co. (NYSE:CVNA) insider Paul W. Breaux sold 14,548 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $198.00, for a total transaction of $2,880,504.00. Following the completion of the sale, the insider now owns 119,494 shares in the company, valued at $23,659,812. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Carvana Trading Up 1.4 %

Shares of NYSE:CVNA traded up $2.85 on Thursday, hitting $200.19. The company had a trading volume of 2,932,898 shares, compared to its average volume of 4,815,938. The firm’s 50-day simple moving average is $166.07 and its two-hundred day simple moving average is $131.53. Carvana Co. has a 1 year low of $25.09 and a 1 year high of $203.24. The company has a quick ratio of 2.02, a current ratio of 3.11 and a debt-to-equity ratio of 47.20. The firm has a market capitalization of $40.55 billion, a price-to-earnings ratio of 87.80 and a beta of 3.44.

Carvana (NYSE:CVNA) last posted its earnings results on Wednesday, July 31st. The company reported $0.14 EPS for the quarter. The company had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.23 billion. Equities analysts anticipate that Carvana Co. will post 0.29 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CVNA. Ridgewood Investments LLC purchased a new position in Carvana during the 2nd quarter valued at about $32,000. Sugarloaf Wealth Management LLC purchased a new position in Carvana during the 3rd quarter valued at about $32,000. Summit Securities Group LLC lifted its position in Carvana by 110.0% during the 2nd quarter. Summit Securities Group LLC now owns 300 shares of the company’s stock valued at $39,000 after acquiring an additional 3,300 shares during the period. Fifth Third Bancorp lifted its position in Carvana by 450.8% during the 2nd quarter. Fifth Third Bancorp now owns 336 shares of the company’s stock valued at $43,000 after acquiring an additional 275 shares during the period. Finally, Benjamin F. Edwards & Company Inc. purchased a new position in Carvana during the 2nd quarter valued at about $51,000. 56.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CVNA has been the topic of a number of research analyst reports. Jefferies Financial Group increased their price target on shares of Carvana from $150.00 to $185.00 and gave the stock a “hold” rating in a report on Tuesday. Stephens initiated coverage on shares of Carvana in a report on Thursday, September 12th. They set an “overweight” rating and a $190.00 target price on the stock. TD Cowen increased their target price on shares of Carvana from $110.00 to $148.00 and gave the company a “hold” rating in a report on Thursday, August 1st. Wells Fargo & Company increased their target price on shares of Carvana from $175.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Piper Sandler increased their target price on shares of Carvana from $105.00 to $151.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $182.29.

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 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.