Carvana (NYSE:CVNA) Insider Paul Breaux Sells 1,527 Shares of Stock

Carvana Co. (NYSE:CVNA) insider Paul Breaux sold 1,527 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $475.00, for a total transaction of $725,325.00. Following the completion of the transaction, the insider owned 69,289 shares of the company’s stock, valued at $32,912,275. This represents a 2.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Carvana Trading Down 3.5%

Carvana stock opened at $455.95 on Friday. Carvana Co. has a 12-month low of $148.25 and a 12-month high of $485.33. 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 stock has a market capitalization of $99.19 billion, a PE ratio of 104.10, a price-to-earnings-growth ratio of 1.71 and a beta of 3.51. The firm has a 50 day simple moving average of $353.83 and a 200-day simple moving average of $350.92.

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

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Citigroup lifted their target price on Carvana from $445.00 to $550.00 and gave the stock a “buy” rating in a report on Friday. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $460.00 price objective on shares of Carvana in a research note on Thursday, October 30th. Needham & Company LLC reissued a “buy” rating and set a $500.00 target price on shares of Carvana in a research note on Monday, November 17th. Jefferies Financial Group raised their target price on shares of Carvana from $475.00 to $550.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Morgan Stanley set a $450.00 price target on Carvana in a report on Monday, October 20th. Eighteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Carvana presently has an average rating of “Moderate Buy” and an average price target of $438.76.

Institutional Trading of Carvana

Several large investors have recently added to or reduced their stakes in the company. Hilltop National Bank acquired a new position in Carvana during the second quarter valued at $25,000. Brooklyn Investment Group grew its stake in Carvana by 961.5% during the 1st quarter. Brooklyn Investment Group now owns 138 shares of the company’s stock valued at $29,000 after acquiring an additional 125 shares in the last quarter. ORG Partners LLC increased its holdings in shares of Carvana by 8,700.0% in the 3rd quarter. ORG Partners LLC now owns 88 shares of the company’s stock valued at $33,000 after purchasing an additional 87 shares during the period. SJS Investment Consulting Inc. lifted its position in shares of Carvana by 960.0% in the second quarter. SJS Investment Consulting Inc. now owns 106 shares of the company’s stock worth $36,000 after purchasing an additional 96 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Carvana during the third quarter worth approximately $38,000. 56.71% of the stock is owned by institutional investors and hedge funds.

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.