Daniel J. Gill Sells 25,400 Shares of Carvana Co. (NYSE:CVNA) Stock

Carvana Co. (NYSE:CVNA) insider Daniel J. Gill sold 25,400 shares of the business’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $350.60, for a total transaction of $8,905,240.00. Following the completion of the sale, the insider now owns 199,756 shares of the company’s stock, valued at approximately $70,034,453.60. This represents a 11.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Carvana Stock Down 0.3%

NYSE:CVNA opened at $338.82 on Wednesday. The company has a market cap of $72.55 billion, a PE ratio of 215.81 and a beta of 3.65. Carvana Co. has a twelve month low of $100.05 and a twelve month high of $351.43. The company has a current ratio of 3.64, a quick ratio of 2.12 and a debt-to-equity ratio of 3.82. The company’s 50 day moving average is $263.92 and its two-hundred day moving average is $239.67.

Carvana (NYSE:CVNA) last released its earnings results 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. The company had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $3.94 billion. Carvana had a net margin of 1.54% and a return on equity of 36.59%. Carvana’s revenue was up 38.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.23 EPS. Analysts anticipate that Carvana Co. will post 2.85 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. JMP Securities reduced their price target on shares of Carvana from $340.00 to $275.00 and set a “market outperform” rating for the company in a report on Wednesday, April 9th. Robert W. Baird boosted their price target on shares of Carvana from $200.00 to $275.00 and gave the company a “neutral” rating in a report on Thursday, May 8th. William Blair restated an “outperform” rating on shares of Carvana in a report on Thursday, February 20th. Evercore ISI reduced their price target on shares of Carvana from $250.00 to $240.00 and set an “in-line” rating for the company in a report on Tuesday, March 11th. Finally, Royal Bank of Canada boosted their price target on shares of Carvana from $320.00 to $340.00 and gave the company an “outperform” rating in a report on Thursday, May 8th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $280.35.

Institutional Trading of Carvana

Several large investors have recently bought and sold shares of the stock. Yousif Capital Management LLC grew its position in Carvana by 4.1% during the 1st quarter. Yousif Capital Management LLC now owns 1,266 shares of the company’s stock worth $265,000 after purchasing an additional 50 shares during the last quarter. Fidelis Capital Partners LLC boosted its holdings in shares of Carvana by 3.4% in the 4th quarter. Fidelis Capital Partners LLC now owns 1,541 shares of the company’s stock valued at $313,000 after acquiring an additional 51 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Carvana by 5.2% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,223 shares of the company’s stock valued at $256,000 after acquiring an additional 60 shares during the last quarter. Bleakley Financial Group LLC boosted its holdings in shares of Carvana by 2.8% in the 4th quarter. Bleakley Financial Group LLC now owns 2,373 shares of the company’s stock valued at $483,000 after acquiring an additional 65 shares during the last quarter. Finally, Commerce Bank boosted its holdings in shares of Carvana by 1.6% in the 1st quarter. Commerce Bank now owns 4,446 shares of the company’s stock valued at $930,000 after acquiring an additional 69 shares during the last quarter. Hedge funds and other institutional investors own 56.71% of the company’s stock.

About Carvana

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.