Thomas Taira Sells 5,590 Shares of Carvana (NYSE:CVNA) Stock

Carvana Co. (NYSE:CVNA) insider Thomas Taira sold 5,590 shares of the business’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $79.97, for a total value of $447,032.30. Following the transaction, the insider directly owned 60,452 shares of the company’s stock, valued at $4,834,346.44. This trade represents a 8.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, April 8th, Thomas Taira sold 18,850 shares of Carvana stock. The stock was sold at an average price of $68.20, for a total value of $1,285,570.00.
• On Monday, March 9th, Thomas Taira sold 4,765 shares of Carvana stock. The stock was sold at an average price of $65.00, for a total value of $309,725.00.

Carvana Price Performance

Carvana stock opened at $73.63 on Wednesday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.57 and a current ratio of 4.09. Carvana Co. has a 52 week low of $54.46 and a 52 week high of $97.38. The stock has a market capitalization of $80.76 billion, a P/E ratio of 44.79, a price-to-earnings-growth ratio of 16.55 and a beta of 3.55. The stock has a fifty day moving average of $74.97 and a 200-day moving average of $77.08.

Carvana (NYSE:CVNA) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $1.37. Carvana had a return on equity of 41.46% and a net margin of 6.40%.The company had revenue of $6.43 billion during the quarter, compared to analysts’ expectations of $6.12 billion. On average, sell-side analysts expect that Carvana Co. will post 1.23 earnings per share for the current fiscal year.

Institutional Trading of Carvana

Large investors have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Carvana in the fourth quarter worth $29,000. Farmers & Merchants Investments Inc. bought a new position in shares of Carvana in the fourth quarter worth $29,000. Motiv8 Investments LLC bought a new position in shares of Carvana in the fourth quarter worth $33,000. Ascentis Independent Advisors bought a new position in shares of Carvana in the first quarter worth $26,000. Finally, Salomon & Ludwin LLC boosted its holdings in shares of Carvana by 112.5% in the fourth quarter. Salomon & Ludwin LLC now owns 85 shares of the company’s stock worth $37,000 after acquiring an additional 45 shares during the period. 56.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CVNA has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $107.40 price target on shares of Carvana in a research report on Thursday, April 30th. Citigroup reiterated an “outperform” rating on shares of Carvana in a report on Friday, May 1st. BNP Paribas Exane upped their price objective on shares of Carvana from $77.60 to $85.80 in a report on Thursday, April 30th. Weiss Ratings lowered Carvana from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, March 24th. Finally, Royal Bank Of Canada raised their target price on Carvana from $88.00 to $92.00 and gave the company an “outperform” rating in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Carvana currently has an average rating of “Moderate Buy” and a consensus price target of $109.75.

About Carvana

Carvana Co is an online-only retailer of used vehicles that operates a consumer-facing e-commerce platform for buying and selling cars. The company markets and sells inspected, reconditioned pre-owned vehicles through its website, where shoppers can browse inventory, view detailed 360-degree photos and vehicle history reports, finance purchases, and arrange delivery or pickup. Carvana’s model is built around a digital end-to-end car buying experience that aims to simplify vehicle transactions compared with traditional dealerships.

Its products and services include direct retail sales of used cars, trade-in and purchase offers for consumer vehicles, vehicle financing and related protection products, and a seven-day return policy that allows customers to test a vehicle in everyday use.