Carvana Co (NYSE:CVNA) major shareholder Ernest C. Garcia II sold 2,600 shares of the firm’s stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $47.99, for a total value of $124,774.00. Following the sale, the insider now owns 52,937,458 shares of the company’s stock, valued at approximately $2,540,468,609.42. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

NYSE CVNA traded down $0.28 during mid-day trading on Wednesday, reaching $45.25. 1,348,300 shares of the company’s stock traded hands, compared to its average volume of 1,052,259. Carvana Co has a 1-year low of $14.27 and a 1-year high of $72.59. The company has a quick ratio of 1.30, a current ratio of 2.04 and a debt-to-equity ratio of 1.55. The firm has a market cap of $6.16 billion, a PE ratio of -37.40 and a beta of 2.13.

Carvana (NYSE:CVNA) last issued its earnings results on Wednesday, November 7th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.03). The firm had revenue of $535.00 million during the quarter, compared to analyst estimates of $509.09 million. Carvana had a negative return on equity of 35.13% and a negative net margin of 5.01%. Carvana’s revenue was up 137.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.29) EPS. On average, analysts anticipate that Carvana Co will post -1.61 earnings per share for the current year.

A number of brokerages have weighed in on CVNA. Citigroup raised their price objective on Carvana from $67.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday, September 11th. They noted that the move was a valuation call. Stephens began coverage on Carvana in a research note on Tuesday, September 4th. They set an “equal weight” rating for the company. Craig Hallum restated a “hold” rating on shares of Carvana in a research note on Thursday, September 13th. Wells Fargo & Co raised their price objective on Carvana from $60.00 to $72.00 and gave the company an “outperform” rating in a research note on Monday, October 1st. Finally, Wolfe Research began coverage on Carvana in a research note on Tuesday, October 2nd. They set an “outperform” rating for the company. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Carvana currently has a consensus rating of “Buy” and an average price target of $59.14.

Several institutional investors and hedge funds have recently modified their holdings of CVNA. BlackRock Inc. grew its position in shares of Carvana by 1.2% in the 1st quarter. BlackRock Inc. now owns 956,715 shares of the company’s stock worth $21,938,000 after acquiring an additional 11,496 shares in the last quarter. Chicago Capital LLC grew its position in shares of Carvana by 13.6% in the 2nd quarter. Chicago Capital LLC now owns 700,474 shares of the company’s stock worth $29,140,000 after acquiring an additional 84,068 shares in the last quarter. Capital Impact Advisors LLC acquired a new position in shares of Carvana in the 2nd quarter worth approximately $1,934,000. First Mercantile Trust Co. acquired a new position in shares of Carvana in the 2nd quarter worth approximately $122,000. Finally, Gilder Gagnon Howe & Co. LLC grew its position in shares of Carvana by 76.2% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 645,271 shares of the company’s stock worth $26,843,000 after acquiring an additional 279,022 shares in the last quarter. Institutional investors own 25.85% of the company’s stock.

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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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