Key Points
- COO Benjamin Huston sold 10,000 shares on Feb. 2 at an average price of $411.27 for a total of $4.11M, reducing his stake by 9.2% to 98,652 shares (about $40.6M), as disclosed in an SEC filing.
- Other senior executives also executed recent sales (CFO Mark W. Jenkins 12,750 shares; VP Stephen R. Palmer 1,000 shares), a pattern the article flags as potentially concerning for investors regarding near‑term outlook or liquidity needs.
- Legal and analyst backdrop: Multiple securities‑law firms have opened investigations into Carvana, creating litigation risk, while analysts maintain a "Moderate Buy" consensus with an average target of $474.27 despite a high valuation (market cap ≈ $89.4B, P/E ≈ 93.8).
Carvana Co. (NYSE:CVNA - Get Free Report) VP Stephen Palmer sold 1,000 shares of the firm's stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $393.04, for a total transaction of $393,040.00. Following the completion of the transaction, the vice president directly owned 37,192 shares of the company's stock, valued at approximately $14,617,943.68. This trade represents a 2.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Carvana Price Performance
CVNA stock opened at $410.81 on Wednesday. Carvana Co. has a 52 week low of $148.25 and a 52 week high of $486.89. 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 company has a fifty day simple moving average of $434.67 and a two-hundred day simple moving average of $380.26. The firm has a market capitalization of $89.37 billion, a P/E ratio of 93.79, a price-to-earnings-growth ratio of 0.99 and a beta of 3.57.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. EWA LLC raised its position in Carvana by 10.7% during the 4th quarter. EWA LLC now owns 1,076 shares of the company's stock valued at $454,000 after purchasing an additional 104 shares in the last quarter. NewEdge Wealth LLC raised its holdings in shares of Carvana by 62.6% in the fourth quarter. NewEdge Wealth LLC now owns 2,829 shares of the company's stock valued at $1,194,000 after acquiring an additional 1,089 shares in the last quarter. Farmers & Merchants Investments Inc. purchased a new stake in Carvana in the fourth quarter worth about $29,000. Crossmark Global Holdings Inc. lifted its stake in Carvana by 355.0% in the fourth quarter. Crossmark Global Holdings Inc. now owns 5,651 shares of the company's stock worth $2,385,000 after acquiring an additional 4,409 shares during the period. Finally, Sequoia Financial Advisors LLC raised its holdings in shares of Carvana by 36.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 3,502 shares of the company's stock valued at $1,478,000 after purchasing an additional 932 shares in the last quarter. Institutional investors own 56.71% of the company's stock.
Carvana News Roundup
Here are the key news stories impacting Carvana this week:
- Neutral Sentiment: Context on competition: a MarketBeat review revisits Hertz’s Amazon partnership and its implications for online used-car retailing — useful context on competitive pressures and alternative online channels but not a direct company-specific catalyst. Revisiting Hertz’s Amazon Partnership 5 Months Later: The Good, the Bad, the Risk
- Negative Sentiment: Multiple securities-law firms have opened investigations into Carvana (Bleichmar Fonti & Auld, Pomerantz LLP, Block & Leviton), citing potential investor claims after recent reports — this raises the risk of litigation, potential settlements or fines, and reputational damage that could pressure the stock. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Carvana Co. - CVNA CARVANA STOCK NOTICE: Carvana Co. (CVNA) Investigated for Misleading Investors – BFA Law
- Negative Sentiment: Insider selling by senior executives: COO Benjamin Huston (10,000 shares), CFO Mark W. Jenkins (12,750 shares), and VP Stephen R. Palmer (1,000 shares) executed recent sales at prices around $393–$411 — while insider sales can be routine, sizable reductions in holdings by C-suite officers often raise investor concern about near-term outlook or liquidity needs. Huston Form 4 (SEC)
- Negative Sentiment: Analyst/critical piece: a Seeking Alpha article highlights heightened risk from subprime loan exposure ("The Subprime Cliff"), pointing to potential credit losses if used-car loan performance deteriorates — that structural risk could undermine margins and drive future write-downs. Carvana: The Subprime Cliff
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on CVNA shares. Bank of America boosted their price objective on Carvana from $455.00 to $515.00 and gave the stock a "buy" rating in a research note on Tuesday, January 13th. DA Davidson set a $360.00 target price on Carvana in a report on Thursday, October 30th. Needham & Company LLC restated a "buy" rating and set a $500.00 price target on shares of Carvana in a report on Monday, November 17th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Carvana in a research report on Tuesday, January 13th. Finally, Wells Fargo & Company lifted their price target on shares of Carvana from $500.00 to $525.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 27th. Nineteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $474.27.
Get Our Latest Research Report on Carvana
About Carvana
(
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.
Featured 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].
