Carvana Co. (NYSE:CVNA - Get Free Report) Director Gregory B. Sullivan sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $120.90, for a total value of $604,500.00. Following the sale, the director now owns 58,407 shares in the company, valued at $7,061,406.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Carvana Stock Down 1.9 %
NYSE CVNA opened at $114.39 on Thursday. Carvana Co. has a 12-month low of $10.16 and a 12-month high of $129.00. The firm's 50 day moving average is $84.37 and its 200-day moving average is $57.84. The company has a market capitalization of $23.10 billion, a PE ratio of 50.17 and a beta of 3.28.
Carvana (NYSE:CVNA - Get Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The company reported ($1.00) earnings per share for the quarter, missing analysts' consensus estimates of ($0.95) by ($0.05). The business had revenue of $2.42 billion during the quarter, compared to analysts' expectations of $2.56 billion. During the same period last year, the company posted ($0.97) EPS. The firm's quarterly revenue was down 14.6% on a year-over-year basis. As a group, sell-side analysts expect that Carvana Co. will post -3.05 EPS for the current year.
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Several analysts have recently weighed in on CVNA shares. Royal Bank of Canada lifted their target price on shares of Carvana from $90.00 to $130.00 and gave the company a "sector perform" rating in a research report on Thursday, May 2nd. Morgan Stanley increased their price objective on Carvana from $32.00 to $45.00 and gave the stock an "underweight" rating in a research note on Monday, February 26th. William Blair reiterated an "outperform" rating on shares of Carvana in a research report on Thursday, May 2nd. Evercore ISI reduced their price target on shares of Carvana from $78.00 to $77.00 and set an "in-line" rating on the stock in a research report on Tuesday, April 16th. Finally, JMP Securities lifted their target price on shares of Carvana from $80.00 to $135.00 and gave the company a "market outperform" rating in a research note on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $77.60.
Read Our Latest Research Report on CVNA
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of CVNA. Morgan Stanley lifted its holdings in shares of Carvana by 13.8% during the third quarter. Morgan Stanley now owns 14,756,510 shares of the company's stock worth $619,478,000 after buying an additional 1,784,009 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Carvana by 7.0% during the fourth quarter. Vanguard Group Inc. now owns 10,023,579 shares of the company's stock worth $530,648,000 after purchasing an additional 655,603 shares during the period. FMR LLC boosted its stake in shares of Carvana by 0.5% in the third quarter. FMR LLC now owns 4,696,510 shares of the company's stock valued at $197,160,000 after buying an additional 24,560 shares during the period. First Trust Advisors LP increased its stake in Carvana by 17.1% during the 4th quarter. First Trust Advisors LP now owns 1,483,944 shares of the company's stock worth $78,560,000 after acquiring an additional 216,893 shares during the period. Finally, Goodnow Investment Group LLC raised its holdings in Carvana by 1.6% in the 4th quarter. Goodnow Investment Group LLC now owns 1,464,528 shares of the company's stock valued at $77,532,000 after acquiring an additional 23,140 shares in the last quarter. 56.71% of the stock is owned by institutional investors.
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.
Further Reading
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