Stephen Palmer Sells 5,000 Shares of Carvana (NYSE:CVNA) Stock

Carvana Co. (NYSE:CVNA) VP Stephen Palmer sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $68.53, for a total transaction of $342,650.00. Following the sale, the vice president directly owned 144,934 shares in the company, valued at approximately $9,932,327.02. This represents a 3.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Carvana Trading Up 0.2%

NYSE CVNA opened at $68.71 on Friday. The company has a fifty day simple moving average of $70.21 and a two-hundred day simple moving average of $73.77. The stock has a market cap of $75.36 billion, a P/E ratio of 41.80, a P/E/G ratio of 11.58 and a beta of 3.46. Carvana Co. has a 12-month low of $54.46 and a 12-month high of $97.38. The company has a current ratio of 4.09, a quick ratio of 2.57 and a debt-to-equity ratio of 1.05.

Carvana (NYSE:CVNA) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $1.69 EPS for the quarter, topping the consensus estimate of $0.32 by $1.37. The business had revenue of $6.43 billion during the quarter, compared to the consensus estimate of $6.12 billion. Carvana had a net margin of 6.40% and a return on equity of 41.46%. On average, analysts forecast that Carvana Co. will post 1.58 earnings per share for the current year.

Institutional Investors Weigh In On Carvana

Hedge funds have recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB boosted its holdings in Carvana by 572.2% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,741 shares of the company’s stock valued at $115,000 after purchasing an additional 1,482 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Carvana by 483.5% during the 2nd quarter. Versant Capital Management Inc now owns 2,480 shares of the company’s stock valued at $163,000 after buying an additional 2,055 shares during the last quarter. CX Institutional raised its stake in shares of Carvana by 1,326.4% during the 2nd quarter. CX Institutional now owns 3,409 shares of the company’s stock valued at $224,000 after buying an additional 3,170 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Carvana by 24.1% in the 1st quarter. Parallel Advisors LLC now owns 933 shares of the company’s stock valued at $294,000 after buying an additional 181 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in shares of Carvana by 22.5% in the 1st quarter. NewEdge Advisors LLC now owns 22,356 shares of the company’s stock valued at $7,028,000 after buying an additional 4,106 shares during the period. 56.71% of the stock is owned by hedge funds and other institutional investors.

Carvana News Summary

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Commentary highlighted Carvana’s increased advertising spend as a key growth engine, with the company trying to build awareness and trust in the online used-car market. That could support longer-term revenue growth if marketing translates into more customers. Why Does Carvana See Advertising as a Crucial Growth Engine?
• Positive Sentiment: Analyst and investor commentary pointed to Carvana’s efforts to expand its business model, including testing a new-vehicle retail concept in Dallas that keeps purchases online. That suggests management is still looking for ways to widen its addressable market. Is Carvana Co. (CVNA) Among the Best Fundamentally Strong Stocks to Buy for Long Term?
• Neutral Sentiment: Several articles focused on whether Carvana’s sharp year-to-date decline could set up a rebound. This reflects a valuation and sentiment debate rather than a clear new catalyst. Down 19% YTD, is Carvana (CVNA) due for a bounce back?
• Neutral Sentiment: Recurve Capital said Carvana was a major drag on its portfolio, noting the stock fell in June and remained down sharply year to date. That underscores weak recent momentum, but it is more of a performance recap than a new business development. Recurve Capital’s Analysis on Carvana (CVNA)
• Negative Sentiment: Multiple insiders sold shares, including the VP, COO, and CFO, with the largest sale coming from the COO. Even though the trades were made under pre-arranged 10b5-1 plans, insider selling can still weigh on sentiment. Insider Selling: Carvana (NYSE:CVNA) VP Sells $342,650.00 in Stock
• Negative Sentiment: Coverage also noted that Carvana is still trading below recent moving averages and remains volatile, which may reinforce caution among traders despite its strong recent earnings beat. Carvana stock and company overview

Wall Street Analyst Weigh In

A number of analysts have commented on CVNA shares. Morgan Stanley lifted their price target on Carvana from $90.00 to $102.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Wells Fargo & Company raised their price objective on Carvana from $85.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. JPMorgan Chase & Co. raised their price objective on Carvana from $91.00 to $93.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. BTIG Research reaffirmed a “buy” rating and set a $97.00 target price on shares of Carvana in a report on Friday, June 5th. Finally, Barclays set a $93.00 target price on Carvana and gave the company an “overweight” rating in a research report on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Carvana currently has a consensus rating of “Moderate Buy” and an average target price of $93.14.

Carvana Company Profile

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.