Insider Selling: Carvana (NYSE:CVNA) Director Sells 14,525 Shares of Stock

Carvana Co. (NYSE:CVNA) Director J Danforth Quayle sold 14,525 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $70.00, for a total transaction of $1,016,750.00. Following the completion of the transaction, the director owned 214,960 shares of the company’s stock, valued at $15,047,200. This trade represents a 6.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Carvana Price Performance

NYSE:CVNA traded up $0.66 during mid-day trading on Thursday, reaching $67.91. The stock had a trading volume of 12,386,059 shares, compared to its average volume of 16,106,663. Carvana Co. has a one year low of $54.46 and a one year high of $97.38. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.57 and a current ratio of 4.09. The firm has a 50 day moving average price of $71.18 and a two-hundred day moving average price of $75.22. The stock has a market capitalization of $74.49 billion, a P/E ratio of 41.31, a P/E/G ratio of 11.75 and a beta of 3.45.

Carvana (NYSE:CVNA) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $1.37. The firm had revenue of $6.43 billion during the quarter, compared to analyst estimates of $6.12 billion. Carvana had a net margin of 6.40% and a return on equity of 41.46%. As a group, analysts expect that Carvana Co. will post 1.58 earnings per share for the current year.

Trending Headlines about Carvana

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Zacks Research raised its earnings outlook for Carvana (CVNA) in several future periods, including FY2027 and FY2028, and upgraded the stock from “hold” to “strong-buy,” which supports a more constructive long-term view. Zacks Research upgrade
• Positive Sentiment: Carvana’s subsidiary ADESA launched ADESA Timed, expanding its digital wholesale auction platform and adding another growth lever for the company’s auto-auction business. ADESA Timed launch
• Neutral Sentiment: Wall Street commentary continues to show generally favorable sentiment on CVNA, with articles noting analysts still view the stock as a buy, though these pieces did not include a fresh rating change. Analyst sentiment article
• Negative Sentiment: An insider sale by Thomas Taira of 5,597 shares added a cautious note for investors, especially since it followed other recent insider selling activity. Insider selling alert
• Negative Sentiment: Carvana (CVNA) also fell more than the broader market in the latest session, suggesting some near-term profit-taking or weakness despite the company’s strong longer-term narrative. Stock drop article

Analyst Upgrades and Downgrades

Several brokerages recently commented on CVNA. Gordon Haskett lifted their target price on shares of Carvana from $67.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, April 30th. Royal Bank Of Canada reissued an “outperform” rating and set a $92.00 price objective on shares of Carvana in a research report on Friday, June 5th. Argus lowered their price objective on shares of Carvana from $500.00 to $100.00 in a report on Monday, May 11th. Bank of America lifted their price objective on Carvana from $72.00 to $82.00 and gave the company a “neutral” rating in a research report on Tuesday, April 21st. Finally, Barclays set a $93.00 target price on shares of Carvana and gave the company an “overweight” rating in a report on Thursday, May 14th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $93.14.

Institutional Trading of Carvana

Several institutional investors have recently added to or reduced their stakes in CVNA. Price T Rowe Associates Inc. MD boosted its stake in shares of Carvana by 8.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,726,838 shares of the company’s stock worth $7,481,081,000 after acquiring an additional 1,407,762 shares during the last quarter. Vanguard Group Inc. raised its holdings in Carvana by 24.7% in the 4th quarter. Vanguard Group Inc. now owns 16,783,101 shares of the company’s stock worth $7,082,804,000 after purchasing an additional 3,328,115 shares during the period. State Street Corp raised its holdings in Carvana by 93.7% in the 4th quarter. State Street Corp now owns 5,714,779 shares of the company’s stock worth $2,411,751,000 after purchasing an additional 2,764,759 shares during the period. Capital Research Global Investors lifted its position in Carvana by 42.9% during the fourth quarter. Capital Research Global Investors now owns 5,700,953 shares of the company’s stock valued at $2,405,959,000 after purchasing an additional 1,711,144 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Carvana by 55.4% during the fourth quarter. Geode Capital Management LLC now owns 3,880,711 shares of the company’s stock valued at $1,632,763,000 after purchasing an additional 1,382,852 shares during the period. 56.71% of the stock is currently owned by hedge funds and other institutional investors.

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.