Insider Selling: Carvana (NYSE:CVNA) Insider Sells $3,750,100.00 in Stock

Carvana Co. (NYSE:CVNA) insider Thomas Taira sold 10,000 shares of the firm’s stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $375.01, for a total value of $3,750,100.00. Following the completion of the transaction, the insider directly owned 106,507 shares in the company, valued at $39,941,190.07. This trade represents a 8.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, December 3rd, Thomas Taira sold 25,000 shares of Carvana stock. The stock was sold at an average price of $400.00, for a total value of $10,000,000.00.
• On Monday, November 10th, Thomas Taira sold 952 shares of Carvana stock. The shares were sold at an average price of $325.00, for a total value of $309,400.00.

Carvana Stock Performance

Carvana stock opened at $399.10 on Friday. The firm has a market capitalization of $86.82 billion, a PE ratio of 91.12, a price-to-earnings-growth ratio of 1.43 and a beta of 3.51. Carvana Co. has a one year low of $148.25 and a one year high of $413.33. The stock’s 50 day moving average price is $345.91 and its 200 day moving average price is $344.74. The company has a debt-to-equity ratio of 1.63, a quick ratio of 2.55 and a current ratio of 4.05.

Carvana (NYSE:CVNA) last posted 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 analysts’ expectations of $5.04 billion. During the same quarter in the prior year, the business earned $0.64 EPS. The company’s revenue for the quarter was up 54.5% on a year-over-year basis. As a group, sell-side analysts expect that Carvana Co. will post 2.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CVNA has been the topic of several analyst reports. BTIG Research reaffirmed a “buy” rating and set a $450.00 price target on shares of Carvana in a research note on Thursday, October 30th. Wall Street Zen lowered Carvana from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. Deutsche Bank Aktiengesellschaft started coverage on Carvana in a report on Friday, November 21st. They issued a “buy” rating and a $395.00 price target for the company. Jefferies Financial Group restated a “buy” rating on shares of Carvana in a research note on Tuesday, November 25th. Finally, Morgan Stanley set a $450.00 target price on Carvana in a research report on Monday, October 20th. Eighteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $422.10.

Institutional Trading of Carvana

Institutional investors and hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its position in shares of Carvana by 13.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,950,011 shares of the company’s stock worth $3,125,749,000 after acquiring an additional 1,823,218 shares in the last quarter. Vanguard Group Inc. lifted its stake in Carvana by 5.4% during the third quarter. Vanguard Group Inc. now owns 13,454,986 shares of the company’s stock worth $5,075,759,000 after purchasing an additional 690,756 shares during the last quarter. Capital Research Global Investors boosted its holdings in Carvana by 0.5% in the third quarter. Capital Research Global Investors now owns 3,989,809 shares of the company’s stock worth $1,505,186,000 after purchasing an additional 18,631 shares during the period. State Street Corp increased its stake in Carvana by 6.7% during the third quarter. State Street Corp now owns 2,950,020 shares of the company’s stock valued at $1,112,866,000 after purchasing an additional 184,974 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Carvana by 11.0% during the second quarter. Geode Capital Management LLC now owns 2,232,179 shares of the company’s stock valued at $750,301,000 after purchasing an additional 221,161 shares during the last quarter. Institutional investors and hedge funds own 56.71% of the company’s stock.

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.