Thomas Taira Sells 10,000 Shares of Carvana Co. (NYSE:CVNA) Stock

Carvana Co. (NYSE:CVNA) insider Thomas Taira sold 10,000 shares of Carvana stock in a transaction on Friday, June 6th. The shares were sold at an average price of $350.29, for a total value of $3,502,900.00. Following the completion of the sale, the insider now directly owns 130,834 shares of the company’s stock, valued at approximately $45,829,841.86. This represents a 7.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Thomas Taira also recently made the following trade(s):

• On Friday, May 30th, Thomas Taira sold 10,000 shares of Carvana stock. The shares were sold at an average price of $325.18, for a total value of $3,251,800.00.
• On Wednesday, May 14th, Thomas Taira sold 20,878 shares of Carvana stock. The shares were sold at an average price of $300.00, for a total value of $6,263,400.00.
• On Thursday, May 1st, Thomas Taira sold 5,000 shares of Carvana stock. The shares were sold at an average price of $260.00, for a total value of $1,300,000.00.
• On Tuesday, March 25th, Thomas Taira sold 27,593 shares of Carvana stock. The stock was sold at an average price of $225.03, for a total value of $6,209,252.79.

Carvana Trading Down 0.3%

Shares of NYSE CVNA opened at $338.82 on Wednesday. The stock’s 50 day moving average price is $263.92 and its two-hundred day moving average price is $239.67. Carvana Co. has a 52-week low of $100.05 and a 52-week high of $351.43. The stock has a market capitalization of $72.55 billion, a P/E ratio of 215.81 and a beta of 3.65. The company has a quick ratio of 2.12, a current ratio of 3.64 and a debt-to-equity ratio of 3.82.

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

Institutional Trading of Carvana

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Yousif Capital Management LLC raised its position in shares of 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 period. Fidelis Capital Partners LLC grew its holdings in Carvana by 3.4% in the 4th quarter. Fidelis Capital Partners LLC now owns 1,541 shares of the company’s stock worth $313,000 after buying an additional 51 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Carvana by 5.2% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,223 shares of the company’s stock worth $256,000 after buying an additional 60 shares in the last quarter. Bleakley Financial Group LLC grew its holdings in Carvana by 2.8% in the 4th quarter. Bleakley Financial Group LLC now owns 2,373 shares of the company’s stock worth $483,000 after buying an additional 65 shares in the last quarter. Finally, Commerce Bank grew its holdings in Carvana by 1.6% in the 1st quarter. Commerce Bank now owns 4,446 shares of the company’s stock worth $930,000 after buying an additional 69 shares in the last quarter. 56.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on the company. Stephens restated an “overweight” rating and set a $300.00 price objective on shares of Carvana in a research note on Monday, March 3rd. William Blair restated an “outperform” rating on shares of Carvana in a research note on Thursday, February 20th. Royal Bank of Canada boosted their price objective on Carvana from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Thursday, May 8th. Citigroup boosted their price objective on Carvana from $280.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Finally, Wedbush upgraded Carvana to a “hold” rating in a research note on Thursday, May 8th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $280.35.

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.