Carvana Co (CVNA) Major Shareholder Sells $124,774.00 in Stock
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.
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.
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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