Key Points
- Insider sale: Thomas Taira sold 25,000 Carvana shares on Dec. 3 at an average of $400 for a total of $10,000,000, trimming his position by 23.62% to 80,832 shares, according to an SEC filing.
- Mixed quarterly results: Carvana reported EPS of $1.03 (missing estimates by $0.26) while revenue jumped 54.5% to $5.65 billion and beat expectations; the stock trades near $399 with a 52‑week range of $148.25–$413.33.
- Analyst and ownership backdrop: Analysts carry a "Moderate Buy" consensus with an average target of $422.10, and institutional investors own about 56.7% of the shares, with large funds like T. Rowe and Vanguard increasing stakes.
Carvana Co. (NYSE:CVNA - Get Free Report) insider Ryan Keeton sold 10,000 shares of the stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $400.00, for a total value of $4,000,000.00. Following the completion of the sale, the insider directly owned 74,460 shares in the company, valued at $29,784,000. This represents a 11.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Carvana Stock Performance
Shares of CVNA opened at $406.45 on Friday. The firm has a fifty day moving average of $345.91 and a 200-day moving average of $344.74. The company has a market cap of $88.42 billion, a price-to-earnings ratio of 92.80, a price-to-earnings-growth ratio of 1.43 and a beta of 3.51. The company has a debt-to-equity ratio of 1.63, a quick ratio of 2.55 and a current ratio of 4.05. 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 quarterly earnings data on Wednesday, October 29th. The company reported $1.03 earnings per share for the quarter, missing analysts' consensus estimates of $1.29 by ($0.26). The firm had revenue of $5.65 billion during the quarter, compared to analyst estimates 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 last year, the business earned $0.64 EPS. As a group, equities analysts anticipate that Carvana Co. will post 2.85 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on CVNA shares. BTIG Research reiterated a "buy" rating and set a $450.00 price target on shares of Carvana in a research report on Thursday, October 30th. Jefferies Financial Group restated a "buy" rating on shares of Carvana in a research report on Tuesday, November 25th. Evercore ISI lowered their price target on Carvana from $425.00 to $395.00 and set an "in-line" rating on the stock in a research report on Thursday, October 30th. Zacks Research downgraded Carvana from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, November 4th. Finally, Citigroup lowered their target price on Carvana from $490.00 to $445.00 and set a "buy" rating on the stock in a report on Monday, November 3rd. Eighteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $422.10.
Check Out Our Latest Research Report on CVNA
Institutional Trading of Carvana
Institutional investors and hedge funds have recently bought and sold shares of the stock. Hilltop National Bank purchased a new stake in Carvana in the 2nd quarter worth about $25,000. Brooklyn Investment Group increased its holdings in shares of Carvana by 961.5% in the 1st quarter. Brooklyn Investment Group now owns 138 shares of the company's stock valued at $29,000 after purchasing an additional 125 shares during the period. ORG Partners LLC lifted its position in shares of Carvana by 8,700.0% in the third quarter. ORG Partners LLC now owns 88 shares of the company's stock worth $33,000 after purchasing an additional 87 shares in the last quarter. SJS Investment Consulting Inc. grew its position in Carvana by 960.0% during the second quarter. SJS Investment Consulting Inc. now owns 106 shares of the company's stock valued at $36,000 after purchasing an additional 96 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. acquired a new position in Carvana in the 3rd quarter valued at approximately $38,000. Institutional investors and hedge funds own 56.71% of the company's stock.
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
