Insider Selling: Carvana (NYSE:CVNA) Director Sells 30,928 Shares of Stock

Carvana Co. (NYSE:CVNA) Director Michael Maroone sold 30,928 shares of the company’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $400.34, for a total transaction of $12,381,715.52. Following the sale, the director owned 143,573 shares of the company’s stock, valued at $57,478,014.82. The trade was a 17.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Carvana Trading Up 1.0%

Shares of CVNA stock traded up $4.10 on Thursday, reaching $399.10. The company had a trading volume of 2,364,886 shares, compared to its average volume of 3,779,684. The stock has a market cap of $86.82 billion, a PE ratio of 91.12, a PEG ratio of 1.38 and a beta of 3.51. The company has a 50-day moving average of $345.36 and a 200-day moving average of $344.35. The company has a current ratio of 4.05, a quick ratio of 2.55 and a debt-to-equity ratio of 1.63. Carvana Co. has a 12 month low of $148.25 and a 12 month high of $413.33.

Carvana (NYSE:CVNA) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.26). Carvana had a net margin of 3.44% and a return on equity of 30.62%. The firm had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.04 billion. During the same quarter in the prior year, the firm posted $0.64 EPS. The firm’s revenue for the quarter was up 54.5% compared to the same quarter last year. On average, equities analysts forecast that Carvana Co. will post 2.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CVNA. DA Davidson set a $360.00 price objective on shares of Carvana in a report on Thursday, October 30th. Royal Bank Of Canada reissued an “outperform” rating and issued a $460.00 price target on shares of Carvana in a research note on Thursday, October 30th. Morgan Stanley set a $450.00 price target on Carvana in a report on Monday, October 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $500.00 price objective on shares of Carvana in a research report on Monday, November 17th. Finally, Zacks Research lowered Carvana from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Eighteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $422.10.

Institutional Trading of Carvana

Hedge funds and other institutional investors have recently modified their holdings of the stock. Hilltop National Bank bought a new stake in shares of Carvana during the 2nd quarter worth approximately $25,000. ORG Partners LLC grew its stake in shares of Carvana by 8,700.0% in the third quarter. ORG Partners LLC now owns 88 shares of the company’s stock valued at $33,000 after buying an additional 87 shares in the last quarter. Washington Trust Advisors Inc. acquired a new position in Carvana during the third quarter worth $38,000. Steigerwald Gordon & Koch Inc. bought a new stake in Carvana during the third quarter worth $38,000. Finally, SJS Investment Consulting Inc. raised its position in Carvana by 960.0% during the second quarter. SJS Investment Consulting Inc. now owns 106 shares of the company’s stock worth $36,000 after acquiring an additional 96 shares in the last quarter. Institutional investors and hedge funds own 56.71% of the company’s stock.

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.