Key Points
- Paul Breaux, a Carvana insider, sold 20,000 shares on December 8 at an average of $438.50 for a total of $8.77M, leaving him with 69,289 shares — a 22.4% reduction in his stake (worth about $30.38M).
- In the latest quarter Carvana reported a EPS miss of $1.03 versus $1.29 expected, while revenue topped estimates at $5.65 billion (up 54.5% year-over-year), with a net margin of 3.44% and ROE of 30.62%.
- Analysts hold a consensus of "Moderate Buy" (18 Buys, 6 Holds) with an average price target of $430.19; the stock's market cap is about $101.84B, P/E ~106.88, and a 12‑month range of $148.25–$474.31.
Carvana Co. (NYSE:CVNA - Get Free Report) insider Paul Breaux sold 20,000 shares of the company's stock in a transaction on Monday, December 8th. The shares were sold at an average price of $438.50, for a total transaction of $8,770,000.00. Following the completion of the sale, the insider directly owned 69,289 shares in the company, valued at approximately $30,383,226.50. This represents a 22.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Carvana Price Performance
CVNA stock opened at $468.15 on Thursday. The company has a quick ratio of 2.55, a current ratio of 4.05 and a debt-to-equity ratio of 1.63. The firm has a market cap of $101.84 billion, a price-to-earnings ratio of 106.88, a PEG ratio of 1.65 and a beta of 3.51. The company's fifty day simple moving average is $350.68 and its 200 day simple moving average is $349.01. Carvana Co. has a 12-month low of $148.25 and a 12-month high of $474.31.
Carvana (NYSE:CVNA - Get Free Report) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $1.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.29 by ($0.26). The business had revenue of $5.65 billion during the quarter, compared to analyst estimates of $5.04 billion. Carvana had a net margin of 3.44% and a return on equity of 30.62%. The firm's revenue for the quarter was up 54.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.64 earnings per share. On average, analysts expect that Carvana Co. will post 2.85 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of brokerages recently commented on CVNA. Zacks Research lowered Carvana from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft began coverage on shares of Carvana in a research note on Friday, November 21st. They set a "buy" rating and a $395.00 price target for the company. BTIG Research reaffirmed a "buy" rating and issued a $450.00 price objective on shares of Carvana in a research note on Thursday, October 30th. Wall Street Zen downgraded shares of Carvana from a "buy" rating to a "hold" rating in a research report on Sunday, October 19th. Finally, Bank of America lifted their price target on Carvana from $385.00 to $455.00 and gave the company a "buy" rating in a research note on Monday. Eighteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Carvana presently has a consensus rating of "Moderate Buy" and an average price target of $430.19.
Check Out Our Latest Stock Report on Carvana
Institutional Trading of Carvana
Hedge funds have recently added to or reduced their stakes in the stock. Hilltop National Bank purchased a new position in Carvana in the second quarter valued at about $25,000. Brooklyn Investment Group increased its holdings in Carvana by 961.5% in the 1st quarter. Brooklyn Investment Group now owns 138 shares of the company's stock worth $29,000 after acquiring an additional 125 shares during the last quarter. ORG Partners LLC boosted its position 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 purchasing an additional 87 shares during the period. SJS Investment Consulting Inc. increased its stake in shares of Carvana by 960.0% in the second quarter. SJS Investment Consulting Inc. now owns 106 shares of the company's stock worth $36,000 after purchasing an additional 96 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Carvana during the 3rd quarter valued at approximately $38,000. 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.
Further Reading
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