Carvana Co. (NYSE:CVNA – Get Free Report) major shareholder Ernest C. Garcia II sold 100,000 shares of the stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $190.70, for a total transaction of $19,070,000.00. Following the transaction, the insider now owns 38,458,131 shares in the company, valued at approximately $7,333,965,581.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Ernest C. Garcia II also recently made the following trade(s):
- On Monday, October 7th, Ernest C. Garcia II sold 100,000 shares of Carvana stock. The shares were sold at an average price of $180.49, for a total transaction of $18,049,000.00.
- On Friday, October 4th, Ernest C. Garcia II sold 100,000 shares of Carvana stock. The stock was sold at an average price of $179.06, for a total transaction of $17,906,000.00.
- On Wednesday, October 2nd, Ernest C. Garcia II sold 100,000 shares of Carvana stock. The shares were sold at an average price of $174.64, for a total value of $17,464,000.00.
- On Monday, September 30th, Ernest C. Garcia II sold 100,000 shares of Carvana stock. The stock was sold at an average price of $171.68, for a total value of $17,168,000.00.
- On Friday, September 27th, Ernest C. Garcia II sold 100,000 shares of Carvana stock. The shares were sold at an average price of $169.88, for a total value of $16,988,000.00.
- On Wednesday, September 25th, Ernest C. Garcia II sold 100,000 shares of Carvana stock. The shares were sold at an average price of $170.51, for a total transaction of $17,051,000.00.
- On Monday, September 23rd, Ernest C. Garcia II sold 100,000 shares of Carvana stock. The stock was sold at an average price of $172.66, for a total transaction of $17,266,000.00.
- On Thursday, September 19th, Ernest C. Garcia II sold 100,000 shares of Carvana stock. The shares were sold at an average price of $168.46, for a total transaction of $16,846,000.00.
- On Tuesday, September 17th, Ernest C. Garcia II sold 100,000 shares of Carvana stock. The stock was sold at an average price of $155.00, for a total value of $15,500,000.00.
- On Monday, September 9th, Ernest C. Garcia II sold 75,000 shares of Carvana stock. The stock was sold at an average price of $135.73, for a total value of $10,179,750.00.
Carvana Trading Up 0.4 %
Carvana stock opened at $192.28 on Friday. The firm has a market cap of $39.79 billion, a PE ratio of 64.74 and a beta of 3.44. Carvana Co. has a 12 month low of $25.09 and a 12 month high of $194.75. The stock’s 50 day simple moving average is $157.06 and its two-hundred day simple moving average is $125.28. The company has a current ratio of 3.11, a quick ratio of 2.02 and a debt-to-equity ratio of 47.20.
Wall Street Analysts Forecast Growth
CVNA has been the subject of a number of research analyst reports. Wells Fargo & Company upgraded Carvana from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $77.00 to $175.00 in a research note on Thursday, August 1st. Wedbush increased their price objective on shares of Carvana from $150.00 to $175.00 and gave the company a “neutral” rating in a research report on Monday, October 7th. Needham & Company LLC boosted their target price on shares of Carvana from $160.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. JMP Securities reaffirmed a “market outperform” rating and issued a $200.00 price target on shares of Carvana in a report on Monday, September 9th. Finally, Evercore ISI reiterated an “in-line” rating and set a $178.00 price objective on shares of Carvana in a research note on Thursday, September 26th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Carvana presently has an average rating of “Hold” and an average target price of $164.28.
View Our Latest Stock Analysis on Carvana
Institutional Investors Weigh In On Carvana
Several hedge funds have recently modified their holdings of the company. Goodnow Investment Group LLC raised its holdings in Carvana by 1.6% in the 4th quarter. Goodnow Investment Group LLC now owns 1,464,528 shares of the company’s stock worth $77,532,000 after purchasing an additional 23,140 shares during the period. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV lifted its position in shares of Carvana by 17.6% during the 4th quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV now owns 500,000 shares of the company’s stock valued at $26,470,000 after buying an additional 75,000 shares in the last quarter. Wellington Management Group LLP acquired a new stake in Carvana in the 4th quarter valued at $4,703,000. Vanguard Group Inc. increased its holdings in Carvana by 7.0% in the 4th quarter. Vanguard Group Inc. now owns 10,023,579 shares of the company’s stock worth $530,648,000 after acquiring an additional 655,603 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Carvana by 63.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,481 shares of the company’s stock worth $131,000 after acquiring an additional 965 shares during the period. 56.71% of the stock is owned by hedge funds and other institutional investors.
Carvana Company Profile
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.
Featured Articles
- Five stocks we like better than Carvana
- What are earnings reports?
- 3 Micro-Caps Set for Major Moves: Balancing Risk and Opportunity
- Most active stocks: Dollar volume vs share volume
- Autodesk Named a “Top Pick” by Morgan Stanley—Is It Time to Buy?
- Want to Profit on the Downtrend? Downtrends, Explained.
- 4 Quirky ETFs With Big Potential for Impressive Gains
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.