Key Points
- Carvana VP Stephen Palmer sold 1,000 shares on Jan. 2 at an average price of $419.48 for $419,480, trimming his stake by 2.52% to 38,744 shares (SEC filing disclosed).
- Shares opened at $430.43 and were trading up ~7.5%; the stock has a one‑year range of $148.25–$485.33, a market cap of about $93.6B, a PE of ~98.3 and a high beta (3.54), indicating elevated volatility.
- In the latest quarter Carvana reported EPS of $1.03 (missed $1.29 estimate) but revenue of $5.65B (beat $5.04B) and +54.5% YoY growth; analysts rate the stock a "Moderate Buy" with an average target near $451.
Carvana Co. (NYSE:CVNA - Get Free Report) VP Stephen Palmer sold 1,000 shares of the company's stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $419.48, for a total value of $419,480.00. Following the transaction, the vice president directly owned 38,744 shares in the company, valued at $16,252,333.12. The trade was a 2.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Carvana Trading Up 7.5%
Shares of NYSE CVNA opened at $430.43 on Tuesday. The company has a current ratio of 4.05, a quick ratio of 2.55 and a debt-to-equity ratio of 1.63. Carvana Co. has a one year low of $148.25 and a one year high of $485.33. The business has a 50-day moving average price of $382.17 and a two-hundred day moving average price of $364.18. The firm has a market capitalization of $93.64 billion, a PE ratio of 98.27, a PEG ratio of 0.95 and a beta of 3.54.
Carvana (NYSE:CVNA - Get Free Report) last posted its quarterly earnings results 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 company 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%.Carvana's revenue for the quarter was up 54.5% compared to the same quarter last year. During the same period last year, the company earned $0.64 earnings per share. As a group, analysts predict that Carvana Co. will post 2.85 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several equities analysts have recently commented on the stock. Wedbush boosted their price target on shares of Carvana from $400.00 to $500.00 and gave the company an "outperform" rating in a report on Friday, December 19th. DA Davidson set a $360.00 target price on Carvana in a research note on Thursday, October 30th. Gordon Haskett reduced their price target on Carvana from $445.00 to $435.00 and set a "hold" rating for the company in a report on Monday. Argus began coverage on Carvana in a report on Monday, December 15th. They issued a "buy" rating and a $500.00 price objective on the stock. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $460.00 price objective on shares of Carvana in a research report on Thursday, October 30th. Nineteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $451.14.
Get Our Latest Analysis on CVNA
Institutional Investors Weigh In On Carvana
A number of institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its stake in Carvana by 40.8% during the first quarter. Royal Bank of Canada now owns 29,867 shares of the company's stock worth $6,243,000 after acquiring an additional 8,654 shares in the last quarter. Amundi grew its stake in shares of Carvana by 50.6% during the first quarter. Amundi now owns 353,497 shares of the company's stock worth $73,909,000 after purchasing an additional 118,711 shares during the period. Jacobs Levy Equity Management Inc. raised its position in shares of Carvana by 55.8% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 16,496 shares of the company's stock valued at $3,449,000 after acquiring an additional 5,906 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of Carvana by 72.4% in the first quarter. NewEdge Advisors LLC now owns 9,068 shares of the company's stock valued at $1,896,000 after buying an additional 3,807 shares during the period. Finally, Nissay Asset Management Corp Japan ADV boosted its stake in Carvana by 2.8% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 14,289 shares of the company's stock worth $2,988,000 after purchasing an additional 383 shares during the period. 56.71% of the stock is owned by institutional investors and hedge funds.
Carvana Company Profile
(
Get Free Report)
Carvana Co is an online-only retailer of used vehicles that operates a consumer-facing e-commerce platform for buying and selling cars. The company markets and sells inspected, reconditioned pre-owned vehicles through its website, where shoppers can browse inventory, view detailed 360-degree photos and vehicle history reports, finance purchases, and arrange delivery or pickup. Carvana's model is built around a digital end-to-end car buying experience that aims to simplify vehicle transactions compared with traditional dealerships.
Its products and services include direct retail sales of used cars, trade-in and purchase offers for consumer vehicles, vehicle financing and related protection products, and a seven-day return policy that allows customers to test a vehicle in everyday use.
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