Carvana Co. (NYSE:CVNA - Get Free Report) Director J Danforth Quayle sold 14,525 shares of the firm's stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $70.00, for a total value of $1,016,750.00. Following the completion of the sale, the director directly owned 214,960 shares in the company, valued at $15,047,200. The trade was a 6.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Carvana Stock Up 1.0%
NYSE CVNA opened at $67.91 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 4.09 and a quick ratio of 2.57. The stock has a market capitalization of $74.49 billion, a PE ratio of 41.31, a PEG ratio of 11.35 and a beta of 3.45. Carvana Co. has a 1 year low of $54.46 and a 1 year high of $97.38. The business's 50-day moving average is $71.18 and its 200 day moving average is $75.22.
Carvana (NYSE:CVNA - Get Free Report) last posted its earnings results on Wednesday, April 29th. The company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $1.37. Carvana had a return on equity of 41.46% and a net margin of 6.40%.The company had revenue of $6.43 billion for the quarter, compared to analysts' expectations of $6.12 billion. Sell-side analysts forecast that Carvana Co. will post 1.58 earnings per share for the current year.
Carvana News Roundup
Here are the key news stories impacting Carvana this week:
- Positive Sentiment: Zacks Research raised its earnings outlook for Carvana across multiple future periods, including higher estimates for Q1 2027, FY2027, and FY2028, while also upgrading the stock from Hold to Strong Buy. That suggests analysts still see meaningful profit growth ahead. Article Title
- Positive Sentiment: Carvana’s subsidiary ADESA launched ADESA Timed, expanding its digital wholesale auction platform. Investors may view this as support for Carvana’s broader used-car ecosystem and monetization efforts. Article Title
- Neutral Sentiment: Wall Street consensus remains broadly constructive, with several brokerages maintaining buy-oriented ratings and the stock still carrying a moderate-buy consensus target above recent trading levels. Article Title
- Negative Sentiment: Recent insider sales, including transactions by director J. Danforth Quayle and insider Thomas Taira, may be creating some investor caution, even though both trades were made under pre-arranged 10b5-1 plans. Article Title
- Negative Sentiment: The stock also fell in the latest session after underperforming the broader market, which may reflect profit-taking or concern that the recent rally has run ahead of fundamentals. Article Title
Institutional Investors Weigh In On Carvana
Several institutional investors and hedge funds have recently made changes to their positions in CVNA. Royal Bank of Canada grew its position in Carvana by 40.8% in the 1st quarter. Royal Bank of Canada now owns 29,867 shares of the company's stock worth $6,243,000 after purchasing an additional 8,654 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of Carvana by 251.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 253 shares of the company's stock worth $53,000 after buying an additional 181 shares during the last quarter. Cerity Partners LLC grew its holdings in shares of Carvana by 28.8% in the second quarter. Cerity Partners LLC now owns 5,481 shares of the company's stock worth $1,847,000 after acquiring an additional 1,226 shares during the period. AXA S.A. grew its holdings in shares of Carvana by 340.7% in the second quarter. AXA S.A. now owns 4,253 shares of the company's stock worth $1,433,000 after acquiring an additional 3,288 shares during the period. Finally, NewEdge Advisors LLC grew its holdings in shares of Carvana by 9.1% in the second quarter. NewEdge Advisors LLC now owns 9,893 shares of the company's stock worth $3,334,000 after acquiring an additional 825 shares during the period. Institutional investors own 56.71% of the company's stock.
Analysts Set New Price Targets
Several analysts have commented on CVNA shares. Gordon Haskett raised their price objective on shares of Carvana from $67.00 to $85.00 and gave the stock a "hold" rating in a report on Thursday, April 30th. Citigroup restated an "outperform" rating on shares of Carvana in a report on Friday, May 1st. Bank of America raised their price objective on shares of Carvana from $72.00 to $82.00 and gave the stock a "neutral" rating in a report on Tuesday, April 21st. DA Davidson raised their price objective on shares of Carvana from $64.00 to $67.00 and gave the stock a "neutral" rating in a report on Friday, May 1st. Finally, Robert W. Baird set a $88.00 price objective on shares of Carvana in a report on Friday, May 15th. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Carvana presently has a consensus rating of "Moderate Buy" and an average target price of $93.14.
View Our Latest Report 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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