Key Points
- Thomas Taira sold 953 Carvana shares on March 9 at an average price of $325 for $309,725, leaving him with 64,997 shares (a 1.45% reduction); he also completed several larger sales earlier this year, including 10,000 shares on Dec. 12.
- Carvana beat expectations for the quarter with EPS of $4.22 (vs. $1.10 est.) and revenue of $5.60B (vs. $5.24B est.), yet the stock traded down about 1.2% to $305.76 amid continued volatility and a 52‑week range of $148.25–$486.89.
- Analysts remain generally positive—MarketBeat shows a consensus "Moderate Buy" with an average target of $440.59—despite several firms trimming price targets in February while keeping Buy/Outperform ratings.
Carvana Co. (NYSE:CVNA - Get Free Report) insider Thomas Taira sold 953 shares of the business's stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $325.00, for a total value of $309,725.00. Following the sale, the insider owned 64,997 shares of the company's stock, valued at approximately $21,124,025. This represents a 1.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Thomas Taira also recently made the following trade(s):
- On Monday, February 9th, Thomas Taira sold 1,047 shares of Carvana stock. The stock was sold at an average price of $398.54, for a total value of $417,271.38.
- On Thursday, January 8th, Thomas Taira sold 1,174 shares of Carvana stock. The shares were sold at an average price of $447.00, for a total transaction of $524,778.00.
- 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.
Carvana Stock Down 1.2%
CVNA traded down $3.72 during trading on Thursday, hitting $305.76. 219,276 shares of the company's stock were exchanged, compared to its average volume of 4,089,075. Carvana Co. has a fifty-two week low of $148.25 and a fifty-two week high of $486.89. The stock has a market cap of $66.92 billion, a P/E ratio of 37.85 and a beta of 3.60. The business's 50 day moving average is $392.86 and its two-hundred day moving average is $379.72. The company has a quick ratio of 2.73, a current ratio of 4.31 and a debt-to-equity ratio of 1.15.
Carvana (NYSE:CVNA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $4.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.10 by $3.12. The firm had revenue of $5.60 billion during the quarter, compared to analysts' expectations of $5.24 billion. Carvana had a net margin of 6.92% and a return on equity of 50.96%. The business's revenue was up 58.0% on a year-over-year basis. During the same period last year, the company earned $0.56 earnings per share. As a group, equities analysts expect that Carvana Co. will post 2.85 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of CVNA. Federated Hermes Inc. grew its position in Carvana by 124.9% during the third quarter. Federated Hermes Inc. now owns 265,921 shares of the company's stock valued at $100,316,000 after buying an additional 147,683 shares during the period. Hudson Bay Capital Management LP raised its position in Carvana by 158.0% in the second quarter. Hudson Bay Capital Management LP now owns 16,478 shares of the company's stock worth $5,552,000 after acquiring an additional 10,090 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Carvana by 11.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 637,462 shares of the company's stock valued at $240,476,000 after acquiring an additional 64,424 shares during the last quarter. Strs Ohio grew its position in shares of Carvana by 89.9% during the 3rd quarter. Strs Ohio now owns 37,756 shares of the company's stock valued at $14,243,000 after acquiring an additional 17,878 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Carvana by 14.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 193,879 shares of the company's stock valued at $76,662,000 after acquiring an additional 24,129 shares during the period. Institutional investors own 56.71% of the company's stock.
Analyst Ratings Changes
A number of analysts have commented on the company. Stephens reissued an "overweight" rating and set a $519.00 price objective on shares of Carvana in a report on Thursday, February 19th. Wedbush cut their target price on Carvana from $500.00 to $425.00 and set an "outperform" rating on the stock in a research report on Thursday, February 19th. Royal Bank Of Canada decreased their price target on Carvana from $500.00 to $440.00 and set an "outperform" rating for the company in a report on Thursday, February 19th. Citigroup dropped their price objective on Carvana from $550.00 to $465.00 and set a "buy" rating on the stock in a research note on Thursday, February 19th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Carvana from $600.00 to $519.00 and set a "buy" rating for the company in a research note on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $440.59.
Get Our Latest Research Report on Carvana
Carvana Company Profile
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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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