Carvana (NYSE:CVNA) Insider Thomas Taira Sells 25,000 Shares of Stock

Carvana Co. (NYSE:CVNA) insider Thomas Taira sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $400.00, for a total transaction of $10,000,000.00. Following the completion of the sale, the insider directly owned 80,832 shares in the company, valued at approximately $32,332,800. This trade represents a 23.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Thomas Taira also recently made the following trade(s):

• On Friday, November 28th, Thomas Taira sold 10,000 shares of Carvana stock. The shares were sold at an average price of $375.01, for a total transaction of $3,750,100.00.
• On Monday, November 10th, Thomas Taira sold 952 shares of Carvana stock. The stock was sold at an average price of $325.00, for a total value of $309,400.00.

Carvana Price Performance

Carvana stock opened at $399.10 on Friday. The company has a debt-to-equity ratio of 1.63, a current ratio of 4.05 and a quick ratio of 2.55. Carvana Co. has a one year low of $148.25 and a one year high of $413.33. The firm has a market capitalization of $86.82 billion, a P/E ratio of 91.12, a PEG ratio of 1.43 and a beta of 3.51. The business has a fifty day moving average price of $345.91 and a 200-day moving average price of $344.74.

Carvana (NYSE:CVNA) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.29 by ($0.26). The company had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.04 billion. Carvana had a net margin of 3.44% and a return on equity of 30.62%. The company’s quarterly revenue was up 54.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.64 earnings per share. As a group, equities research analysts forecast that Carvana Co. will post 2.85 EPS for the current year.

Institutional Trading of Carvana

A number of institutional investors and hedge funds have recently bought and sold shares of CVNA. Price T Rowe Associates Inc. MD grew its holdings in shares of Carvana by 13.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 14,950,011 shares of the company’s stock valued at $3,125,749,000 after buying an additional 1,823,218 shares during the last quarter. Vanguard Group Inc. lifted its position in Carvana by 9.7% in the 1st quarter. Vanguard Group Inc. now owns 12,534,843 shares of the company’s stock valued at $2,620,785,000 after acquiring an additional 1,109,476 shares in the last quarter. Viking Global Investors LP increased its holdings in shares of Carvana by 94.9% in the 3rd quarter. Viking Global Investors LP now owns 2,101,241 shares of the company’s stock worth $792,672,000 after purchasing an additional 1,023,265 shares in the last quarter. Sands Capital Management LLC raised its stake in shares of Carvana by 1,374.3% in the second quarter. Sands Capital Management LLC now owns 901,227 shares of the company’s stock worth $303,677,000 after purchasing an additional 840,096 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Carvana during the second quarter valued at $259,468,000. 56.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CVNA. Wall Street Zen cut Carvana from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. Wedbush raised Carvana from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $380.00 to $400.00 in a report on Monday, November 24th. Morgan Stanley set a $450.00 price objective on shares of Carvana in a research report on Monday, October 20th. Needham & Company LLC restated a “buy” rating and set a $500.00 price target on shares of Carvana in a research report on Monday, November 17th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Carvana from $425.00 to $490.00 and gave the company an “overweight” rating in a research note on Tuesday, October 21st. Eighteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Carvana currently has an average rating of “Moderate Buy” and an average price target of $422.10.

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.