Key Points
- Thomas Taira sold 3,770 shares of Carvana on April 8 at an average price of $341 for about $1.29 million, trimming his stake by 6.05% to 58,564 shares; the sale was executed under a pre‑arranged Rule 10b5‑1 trading plan.
- Carvana will enact a 5-for-1 stock split effective the morning of May 7, with newly issued shares distributed after the close on May 6.
- The company reported strong quarterly results—$4.22 EPS vs $1.10 expected and revenue of $5.60 billion (up 58% YoY)—while analysts' consensus target is about $435.59 and the average rating is "Moderate Buy."
Carvana Co. (NYSE:CVNA - Get Free Report) insider Thomas Taira sold 3,770 shares of Carvana stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $341.00, for a total value of $1,285,570.00. Following the completion of the sale, the insider owned 58,564 shares of the company's stock, valued at $19,970,324. The trade was a 6.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Thomas Taira also recently made the following trade(s):
- On Monday, March 9th, Thomas Taira sold 953 shares of Carvana stock. The stock was sold at an average price of $325.00, for a total value of $309,725.00.
- 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.
Carvana Price Performance
NYSE CVNA opened at $337.06 on Friday. Carvana Co. has a one year low of $192.56 and a one year high of $486.89. The stock has a 50-day moving average of $331.97 and a 200 day moving average of $370.07. The company has a market capitalization of $73.76 billion, a price-to-earnings ratio of 41.92 and a beta of 3.61. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.73 and a current ratio of 4.31.
Carvana's stock is going to split on the morning of Thursday, May 7th. The 5-1 split was announced on Friday, March 13th. The newly issued shares will be distributed to shareholders after the closing bell on Wednesday, May 6th.
Carvana (NYSE:CVNA - Get Free Report) last released its quarterly earnings data on Wednesday, February 18th. The company reported $4.22 EPS for the quarter, topping the consensus estimate of $1.10 by $3.12. Carvana had a return on equity of 50.96% and a net margin of 6.92%.The company had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.24 billion. During the same period last year, the company earned $0.56 EPS. Carvana's revenue for the quarter was up 58.0% on a year-over-year basis. On average, sell-side analysts forecast that Carvana Co. will post 2.85 EPS for the current year.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the stock. First Horizon Corp lifted its position in shares of Carvana by 6.4% during the 4th quarter. First Horizon Corp now owns 418 shares of the company's stock valued at $176,000 after buying an additional 25 shares in the last quarter. SJS Investment Consulting Inc. lifted its position in shares of Carvana by 28.3% during the 3rd quarter. SJS Investment Consulting Inc. now owns 136 shares of the company's stock valued at $51,000 after buying an additional 30 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Carvana by 23.1% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 165 shares of the company's stock valued at $62,000 after buying an additional 31 shares in the last quarter. Finivi Inc. lifted its position in shares of Carvana by 4.6% during the 4th quarter. Finivi Inc. now owns 698 shares of the company's stock valued at $295,000 after buying an additional 31 shares in the last quarter. Finally, HB Wealth Management LLC lifted its position in shares of Carvana by 1.0% during the 4th quarter. HB Wealth Management LLC now owns 3,190 shares of the company's stock valued at $1,346,000 after buying an additional 31 shares in the last quarter. 56.71% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on CVNA shares. JPMorgan Chase & Co. cut their price target on Carvana from $490.00 to $455.00 and set an "overweight" rating for the company in a research note on Thursday. UBS Group set a $485.00 price target on Carvana in a research note on Friday, February 20th. Royal Bank Of Canada cut their price target on Carvana from $500.00 to $440.00 and set an "outperform" rating for the company in a research note on Thursday, February 19th. BTIG Research cut their price target on Carvana from $535.00 to $455.00 and set a "buy" rating for the company in a research note on Thursday, February 19th. Finally, Weiss Ratings downgraded Carvana from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, March 24th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $435.59.
View Our Latest Analysis on CVNA
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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