Key Points
- Insider sale: Thomas Taira sold 1,174 Carvana shares on Jan. 8 at $447 for $524,778 and, along with several recent transactions, has sold 78,078 shares for roughly $32.8 million total, reducing his holdings to 68,252 shares (a 1.69% decrease).
- Market and analyst backdrop: CVNA trades near its 1‑year high (opened at $463.57) with a market cap of about $100.8B and a P/E of 105.8; the company missed EPS estimates but reported strong revenue growth, and sell‑side sentiment is largely bullish (19 Buys vs. 6 Holds) with a consensus target around $451 and several price‑target increases up to $550.
Carvana Co. (NYSE:CVNA - Get Free Report) insider Thomas Taira sold 1,174 shares of Carvana stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $447.00, for a total value of $524,778.00. Following the completion of the transaction, the insider owned 68,252 shares in the company, valued at $30,508,644. The trade was a 1.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Thomas Taira also recently made the following trade(s):
- On Friday, December 12th, Thomas Taira sold 10,000 shares of Carvana stock. The shares were sold at an average price of $475.00, for a total transaction of $4,750,000.00.
- On Monday, December 8th, Thomas Taira sold 30,952 shares of Carvana stock. The stock was sold at an average price of $435.96, for a total transaction of $13,493,833.92.
- On Wednesday, December 3rd, Thomas Taira sold 25,000 shares of Carvana stock. The shares were sold at an average price of $400.00, for a total transaction of $10,000,000.00.
- On Friday, November 28th, Thomas Taira sold 10,000 shares of Carvana stock. The shares were sold at an average price of $375.01, for a total transaction of $3,750,100.00.
- On Monday, November 10th, Thomas Taira sold 952 shares of Carvana stock. The stock was sold at an average price of $325.00, for a total transaction of $309,400.00.
Carvana Price Performance
Shares of NYSE:CVNA opened at $463.57 on Friday. The firm has a market cap of $100.84 billion, a price-to-earnings ratio of 105.84, a P/E/G ratio of 1.03 and a beta of 3.54. Carvana Co. has a 1 year low of $148.25 and a 1 year high of $485.33. The company has a current ratio of 4.05, a quick ratio of 2.55 and a debt-to-equity ratio of 1.63. The business has a fifty day simple moving average of $391.56 and a 200 day simple moving average of $367.17.
Carvana (NYSE:CVNA - Get Free Report) last issued its earnings results on Wednesday, October 29th. The company reported $1.03 EPS for the quarter, missing analysts' consensus estimates of $1.29 by ($0.26). Carvana had a net margin of 3.44% and a return on equity of 30.62%. The firm had revenue of $5.65 billion during the quarter, compared to analysts' expectations of $5.04 billion. During the same quarter last year, the firm earned $0.64 EPS. The business's revenue for the quarter was up 54.5% compared to the same quarter last year. As a group, sell-side analysts predict that Carvana Co. will post 2.85 earnings per share for the current fiscal year.
More Carvana News
Here are the key news stories impacting Carvana this week:
Analyst Ratings Changes
CVNA has been the topic of several recent research reports. JPMorgan Chase & Co. raised their price objective on shares of Carvana from $425.00 to $490.00 and gave the company an "overweight" rating in a research report on Tuesday, October 21st. Wedbush increased their price target on shares of Carvana from $400.00 to $500.00 and gave the stock an "outperform" rating in a research note on Friday, December 19th. Weiss Ratings restated a "hold (c)" rating on shares of Carvana in a report on Monday, December 29th. Citigroup upped their price objective on shares of Carvana from $445.00 to $550.00 and gave the stock a "buy" rating in a report on Friday, December 12th. Finally, Wall Street Zen downgraded shares of Carvana from a "buy" rating to a "hold" rating in a research report on Sunday, October 19th. Nineteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Carvana has an average rating of "Moderate Buy" and a consensus target price of $451.14.
Check Out Our Latest Stock Report on CVNA
Institutional Trading of Carvana
Institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada boosted its holdings in shares of Carvana by 40.8% during the 1st quarter. Royal Bank of Canada now owns 29,867 shares of the company's stock worth $6,243,000 after buying an additional 8,654 shares during the period. NewEdge Advisors LLC lifted its position in Carvana by 72.4% during the 1st quarter. NewEdge Advisors LLC now owns 9,068 shares of the company's stock worth $1,896,000 after acquiring an additional 3,807 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Carvana by 27.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 529,596 shares of the company's stock valued at $110,728,000 after acquiring an additional 114,526 shares during the period. Bayforest Capital Ltd boosted its holdings in Carvana by 41.5% during the first quarter. Bayforest Capital Ltd now owns 1,773 shares of the company's stock valued at $371,000 after acquiring an additional 520 shares during the period. Finally, IFM Investors Pty Ltd grew its position in shares of Carvana by 0.6% in the first quarter. IFM Investors Pty Ltd now owns 21,061 shares of the company's stock valued at $4,403,000 after purchasing an additional 135 shares during the last quarter. 56.71% of the stock is currently 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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