Key Points
- Carvana VP Stephen Palmer sold 1,000 shares on December 1 at an average price of $372.31 for total proceeds of $372,310, leaving him with 40,224 shares (a 2.43% reduction); the transaction was disclosed in an SEC filing.
- In the company's latest quarter (reported Oct. 29) Carvana missed EPS estimates at $1.03 versus the $1.29 consensus but beat revenue expectations with $5.65B (up 54.5% year‑over‑year).
- Shares trade with a market cap of $83.22B and a P/E of 87.34, a 1‑year range of $148.25–$413.33, and a MarketBeat consensus of "Moderate Buy" with a $422.10 target; institutions own roughly 56.7% of the stock.
Carvana Co. (NYSE:CVNA - Get Free Report) VP Stephen Palmer sold 1,000 shares of the firm's stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $372.31, for a total transaction of $372,310.00. Following the sale, the vice president directly owned 40,224 shares in the company, valued at $14,975,797.44. This represents a 2.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Carvana Stock Performance
NYSE:CVNA opened at $382.57 on Wednesday. The company has a debt-to-equity ratio of 1.63, a current ratio of 4.05 and a quick ratio of 2.55. The firm has a market cap of $83.22 billion, a PE ratio of 87.34, a P/E/G ratio of 1.36 and a beta of 3.51. The firm has a 50 day simple moving average of $344.95 and a 200-day simple moving average of $344.00. Carvana Co. has a 1-year low of $148.25 and a 1-year high of $413.33.
Carvana (NYSE:CVNA - Get Free Report) last released its earnings results on Wednesday, October 29th. The company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.26). The firm had revenue of $5.65 billion during the quarter, compared to analysts' expectations of $5.04 billion. Carvana had a return on equity of 30.62% and a net margin of 3.44%.The firm's revenue was up 54.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.64 earnings per share. On average, equities analysts expect that Carvana Co. will post 2.85 EPS for the current year.
Wall Street Analyst Weigh In
Several equities analysts recently commented on the company. Jefferies Financial Group reiterated a "buy" rating on shares of Carvana in a research note on Tuesday, November 25th. Citigroup dropped their price objective on shares of Carvana from $490.00 to $445.00 and set a "buy" rating for the company in a research note on Monday, November 3rd. Barclays started coverage on shares of Carvana in a report on Tuesday, November 11th. They set an "overweight" rating and a $390.00 price objective on the stock. Bank of America lowered their target price on shares of Carvana from $405.00 to $385.00 and set a "buy" rating for the company in a report on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Carvana in a research report on Monday. Eighteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $422.10.
Check Out Our Latest Research Report on CVNA
Institutional Trading of Carvana
Institutional investors have recently modified their holdings of the company. Hilltop National Bank purchased a new position in Carvana in the second quarter valued at approximately $25,000. ORG Partners LLC grew its stake in Carvana by 8,700.0% during the third quarter. ORG Partners LLC now owns 88 shares of the company's stock worth $33,000 after buying an additional 87 shares during the period. Washington Trust Advisors Inc. acquired a new stake in shares of Carvana in the third quarter worth $38,000. Steigerwald Gordon & Koch Inc. purchased a new position in shares of Carvana in the 3rd quarter valued at $38,000. Finally, SJS Investment Consulting Inc. raised its stake in shares of Carvana by 960.0% in the 2nd quarter. SJS Investment Consulting Inc. now owns 106 shares of the company's stock valued at $36,000 after acquiring an additional 96 shares during the period. Hedge funds and other institutional investors own 56.71% of the company's stock.
About Carvana
(
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.
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