Carvana Co. (NYSE:CVNA) Insider Thomas Taira Sells 4,197 Shares of Stock

Carvana Co. (NYSE:CVNAGet Free Report) insider Thomas Taira sold 4,197 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $82.84, for a total value of $347,679.48. Following the sale, the insider now directly owns 164,827 shares of the company’s stock, valued at $13,654,268.68. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Carvana Trading Down 0.6 %

NYSE:CVNA opened at $82.38 on Thursday. The firm has a fifty day simple moving average of $67.73 and a 200 day simple moving average of $49.57. Carvana Co. has a 1-year low of $6.70 and a 1-year high of $94.04. The stock has a market capitalization of $16.63 billion, a PE ratio of 152.56 and a beta of 3.32.

Carvana (NYSE:CVNAGet Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The company reported ($1.00) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.95) by ($0.05). The business had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same period last year, the company earned ($0.97) earnings per share. Carvana’s revenue was down 14.6% on a year-over-year basis. On average, equities analysts predict that Carvana Co. will post -3.4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Blue Trust Inc. bought a new position in shares of Carvana in the fourth quarter worth $29,000. Captrust Financial Advisors increased its position in shares of Carvana by 270.9% in the second quarter. Captrust Financial Advisors now owns 1,324 shares of the company’s stock worth $30,000 after purchasing an additional 967 shares during the period. C M Bidwell & Associates Ltd. bought a new position in shares of Carvana in the second quarter worth $33,000. Hanseatic Management Services Inc. bought a new position in Carvana in the third quarter valued at about $34,000. Finally, Parallel Advisors LLC grew its position in Carvana by 39.0% in the fourth quarter. Parallel Advisors LLC now owns 692 shares of the company’s stock valued at $37,000 after acquiring an additional 194 shares during the last quarter. Institutional investors own 56.71% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on CVNA shares. Jefferies Financial Group raised Carvana from an “underperform” rating to a “hold” rating and increased their target price for the stock from $30.00 to $85.00 in a research note on Tuesday, March 12th. Royal Bank of Canada raised shares of Carvana from an “underperform” rating to a “sector perform” rating and raised their price target for the stock from $45.00 to $90.00 in a research note on Friday, March 8th. Raymond James raised shares of Carvana from an “underperform” rating to a “market perform” rating in a research note on Friday, February 23rd. William Blair raised shares of Carvana from a “market perform” rating to an “outperform” rating in a research note on Friday, February 23rd. Finally, Morgan Stanley raised their price target on shares of Carvana from $32.00 to $45.00 and gave the stock an “underweight” rating in a research note on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $50.60.

Check Out Our Latest Research Report on CVNA

Carvana Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Carvana (NYSE:CVNA)

Receive News & Ratings for Carvana Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carvana and related companies with MarketBeat.com's FREE daily email newsletter.