Carvana Co. (NYSE:CVNA - Get Free Report) Director Ira Platt sold 15,000 shares of the firm's stock in a transaction on Monday, June 15th. The shares were sold at an average price of $67.83, for a total value of $1,017,450.00. Following the completion of the transaction, the director owned 186,470 shares in the company, valued at $12,648,260.10. The trade was a 7.45% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Carvana Trading Up 1.5%
Shares of CVNA stock opened at $69.96 on Wednesday. The stock's fifty day moving average is $71.47 and its two-hundred day moving average is $75.25. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.57 and a current ratio of 4.09. The firm has a market capitalization of $76.73 billion, a P/E ratio of 42.55, a PEG ratio of 11.63 and a beta of 3.45. Carvana Co. has a fifty-two week low of $54.46 and a fifty-two week high of $97.38.
Carvana (NYSE:CVNA - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $1.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $1.37. The company had revenue of $6.43 billion for the quarter, compared to analyst estimates of $6.12 billion. Carvana had a return on equity of 41.46% and a net margin of 6.40%. Research analysts expect that Carvana Co. will post 1.58 earnings per share for the current fiscal year.
Key Stories Impacting Carvana
Here are the key news stories impacting Carvana this week:
Wall Street Analyst Weigh In
CVNA has been the topic of a number of research reports. Argus decreased their price objective on Carvana from $500.00 to $100.00 in a report on Monday, May 11th. Citigroup reaffirmed an "outperform" rating on shares of Carvana in a research note on Friday, May 1st. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $107.40 price target on shares of Carvana in a report on Thursday, April 30th. BTIG Research reiterated a "buy" rating and set a $97.00 price target on shares of Carvana in a report on Friday, June 5th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $92.00 price target on shares of Carvana in a report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $93.14.
Get Our Latest Stock Report on CVNA
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Carvana by 24.7% during the 4th quarter. Vanguard Group Inc. now owns 16,783,101 shares of the company's stock worth $7,082,804,000 after purchasing an additional 3,328,115 shares during the last quarter. State Street Corp increased its position in shares of Carvana by 93.7% during the 4th quarter. State Street Corp now owns 5,714,779 shares of the company's stock worth $2,411,751,000 after purchasing an additional 2,764,759 shares during the last quarter. Capital Research Global Investors increased its position in shares of Carvana by 42.9% during the 4th quarter. Capital Research Global Investors now owns 5,700,953 shares of the company's stock worth $2,405,959,000 after purchasing an additional 1,711,144 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Carvana by 8.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,726,838 shares of the company's stock worth $7,481,081,000 after purchasing an additional 1,407,762 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Carvana by 55.4% during the 4th quarter. Geode Capital Management LLC now owns 3,880,711 shares of the company's stock worth $1,632,763,000 after purchasing an additional 1,382,852 shares during the last quarter. Hedge funds and other institutional investors own 56.71% of the company's stock.
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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