Insider Selling: Carvana Co. (NYSE:CVNA) Insider Sells 70,166 Shares of Stock

Carvana Co. (NYSE:CVNA) insider Daniel J. Gill sold 70,166 shares of the company’s stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $281.43, for a total transaction of $19,746,817.38. Following the completion of the transaction, the insider now owns 201,087 shares in the company, valued at approximately $56,591,914.41. This represents a 25.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Carvana Trading Up 3.7%

CVNA opened at $303.94 on Thursday. Carvana Co. has a twelve month low of $97.55 and a twelve month high of $311.88. The company has a 50-day simple moving average of $215.64 and a 200 day simple moving average of $228.91. The company has a quick ratio of 2.12, a current ratio of 3.64 and a debt-to-equity ratio of 3.82. The stock has a market capitalization of $64.79 billion, a price-to-earnings ratio of 193.59 and a beta of 3.61.

Carvana (NYSE:CVNA) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.76. Carvana had a net margin of 1.54% and a return on equity of 36.59%. The business had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $3.94 billion. During the same quarter in the prior year, the business posted $0.23 earnings per share. Carvana’s revenue was up 38.3% compared to the same quarter last year. Analysts predict that Carvana Co. will post 2.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CVNA shares. Stephens reiterated an “overweight” rating and issued a $300.00 price objective on shares of Carvana in a report on Monday, March 3rd. Morgan Stanley upgraded shares of Carvana from an “underweight” rating to an “overweight” rating in a report on Monday, March 31st. Evercore ISI decreased their price objective on shares of Carvana from $250.00 to $240.00 and set an “in-line” rating on the stock in a report on Tuesday, March 11th. DA Davidson upped their price target on shares of Carvana from $220.00 to $260.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Finally, Citigroup upped their price target on shares of Carvana from $280.00 to $325.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Carvana has a consensus rating of “Moderate Buy” and an average price target of $268.59.

Institutional Investors Weigh In On Carvana

Several institutional investors and hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its position in Carvana by 13.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 14,950,011 shares of the company’s stock worth $3,125,749,000 after purchasing an additional 1,823,218 shares during the period. Vanguard Group Inc. lifted its position in Carvana by 9.7% during the first quarter. Vanguard Group Inc. now owns 12,534,843 shares of the company’s stock worth $2,620,785,000 after purchasing an additional 1,109,476 shares during the period. Lingotto Investment Management LLP lifted its position in Carvana by 1.5% during the fourth quarter. Lingotto Investment Management LLP now owns 3,987,150 shares of the company’s stock worth $810,827,000 after purchasing an additional 57,215 shares during the period. Durable Capital Partners LP lifted its holdings in shares of Carvana by 6.3% in the fourth quarter. Durable Capital Partners LP now owns 2,168,232 shares of the company’s stock worth $440,932,000 after acquiring an additional 129,246 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Carvana by 4.2% in the fourth quarter. Geode Capital Management LLC now owns 1,878,796 shares of the company’s stock worth $381,592,000 after acquiring an additional 75,250 shares during the last quarter. Institutional investors own 56.71% of the company’s stock.

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.