Carvana (NYSE:CVNA) Insider Sells $13,493,833.92 in Stock

Carvana Co. (NYSE:CVNA) insider Thomas Taira sold 30,952 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $435.96, for a total transaction of $13,493,833.92. Following the sale, the insider owned 69,880 shares of the company’s stock, valued at $30,464,884.80. This represents a 30.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at 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 shares were sold at an average price of $400.00, for a total transaction of $10,000,000.00.
• 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 shares were sold at an average price of $325.00, for a total transaction of $309,400.00.

Carvana Stock Performance

Shares of CVNA traded up $11.82 during midday trading on Wednesday, reaching $468.15. 4,910,028 shares of the stock were exchanged, compared to its average volume of 3,833,348. Carvana Co. has a twelve month low of $148.25 and a twelve month high of $474.31. The company has a debt-to-equity ratio of 1.63, a current ratio of 4.05 and a quick ratio of 2.55. The company has a market capitalization of $101.84 billion, a price-to-earnings ratio of 106.88, a PEG ratio of 1.62 and a beta of 3.51. The business’s 50-day moving average price is $349.22 and its 200 day moving average price is $348.17.

Carvana (NYSE:CVNA) last announced its earnings results 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). The firm had revenue of $5.65 billion during the quarter, compared to analyst estimates of $5.04 billion. Carvana had a net margin of 3.44% and a return on equity of 30.62%. The firm’s revenue for the quarter was up 54.5% compared to the same quarter last year. During the same period last year, the company earned $0.64 earnings per share. On average, sell-side analysts expect that Carvana Co. will post 2.85 EPS for the current fiscal year.

Institutional Investors Weigh In On Carvana

Several institutional investors have recently made changes to their positions in CVNA. Hilltop National Bank acquired a new stake in Carvana during the 2nd quarter valued at $25,000. Brooklyn Investment Group boosted its stake in shares of Carvana by 961.5% during the first quarter. Brooklyn Investment Group now owns 138 shares of the company’s stock valued at $29,000 after acquiring an additional 125 shares during the last quarter. ORG Partners LLC increased its position in Carvana by 8,700.0% during the 3rd quarter. ORG Partners LLC now owns 88 shares of the company’s stock worth $33,000 after purchasing an additional 87 shares in the last quarter. SJS Investment Consulting Inc. raised its stake in Carvana by 960.0% in the 2nd quarter. SJS Investment Consulting Inc. now owns 106 shares of the company’s stock valued at $36,000 after purchasing an additional 96 shares during the last quarter. Finally, Steigerwald Gordon & Koch Inc. purchased a new position in Carvana in the 3rd quarter valued at about $38,000. 56.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on CVNA shares. Morgan Stanley set a $450.00 price objective on shares of Carvana in a research note on Monday, October 20th. Deutsche Bank Aktiengesellschaft assumed coverage on Carvana in a research report on Friday, November 21st. They set a “buy” rating and a $395.00 price objective for the company. Citigroup dropped their target price on Carvana from $490.00 to $445.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Barclays reiterated an “overweight” rating and issued a $465.00 price objective on shares of Carvana in a research report on Wednesday. Finally, JPMorgan Chase & Co. upped their price objective on shares of Carvana from $425.00 to $490.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 21st. Eighteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Carvana presently has an average rating of “Moderate Buy” and a consensus target price of $430.19.

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.