Carvana Co. (NYSE:CVNA - Get Free Report) Director J Danforth Quayle sold 14,525 shares of Carvana stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $75.00, for a total transaction of $1,089,375.00. Following the completion of the sale, the director owned 214,960 shares in the company, valued at approximately $16,122,000. This represents a 6.33% decrease in their ownership of the stock. The sale 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.
J Danforth Quayle also recently made the following trade(s):
- On Wednesday, June 10th, J Danforth Quayle sold 14,525 shares of Carvana stock. The stock was sold at an average price of $70.00, for a total transaction of $1,016,750.00.
Carvana Price Performance
Shares of NYSE:CVNA opened at $70.11 on Tuesday. The firm's 50 day moving average is $67.24 and its two-hundred day moving average is $69.01. The firm has a market capitalization of $77.15 billion, a P/E ratio of 38.78, a PEG ratio of 2.75 and a beta of 3.46. The company has a current ratio of 3.93, a quick ratio of 2.33 and a debt-to-equity ratio of 0.94. Carvana Co. has a 52 week low of $54.46 and a 52 week high of $97.38.
Carvana (NYSE:CVNA - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.03. Carvana had a return on equity of 37.06% and a net margin of 6.26%.The business had revenue of $7.38 billion during the quarter, compared to the consensus estimate of $6.90 billion. During the same period in the previous year, the firm posted $1.51 earnings per share. The business's revenue was up 52.4% on a year-over-year basis. Analysts anticipate that Carvana Co. will post 1.68 earnings per share for the current year.
Analysts Set New Price Targets
CVNA has been the topic of a number of research analyst reports. Needham & Company LLC reissued a "buy" rating and set a $120.00 price target on shares of Carvana in a report on Thursday, July 30th. Jefferies Financial Group reduced their price objective on shares of Carvana from $95.00 to $90.00 and set a "buy" rating for the company in a report on Tuesday, July 14th. Barclays decreased their target price on shares of Carvana from $94.00 to $93.00 and set an "overweight" rating for the company in a research report on Friday, July 31st. Morgan Stanley set a $90.00 target price on shares of Carvana and gave the company an "overweight" rating in a research note on Thursday, July 30th. Finally, DA Davidson set a $67.00 price target on shares of Carvana in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, Carvana currently has a consensus rating of "Moderate Buy" and a consensus price target of $84.14.
View Our Latest Research Report on Carvana
Institutional Investors Weigh In On Carvana
A number of institutional investors and hedge funds have recently bought and sold shares of CVNA. First Horizon Corp grew its stake in shares of Carvana by 6.4% in the 4th quarter. First Horizon Corp now owns 418 shares of the company's stock worth $176,000 after purchasing an additional 25 shares during the last quarter. Finivi Inc. lifted its stake in Carvana by 4.6% during the fourth quarter. Finivi Inc. now owns 698 shares of the company's stock valued at $295,000 after purchasing an additional 31 shares during the last quarter. HB Wealth Management LLC lifted its stake in Carvana by 1.0% during the fourth quarter. HB Wealth Management LLC now owns 3,190 shares of the company's stock valued at $1,346,000 after purchasing an additional 31 shares during the last quarter. Gilder Gagnon Howe & Co. LLC boosted its holdings in Carvana by 1.7% during the second quarter. Gilder Gagnon Howe & Co. LLC now owns 1,846 shares of the company's stock worth $622,000 after buying an additional 31 shares in the last quarter. Finally, Insigneo Advisory Services LLC boosted its holdings in Carvana by 4.8% during the fourth quarter. Insigneo Advisory Services LLC now owns 696 shares of the company's stock worth $294,000 after buying an additional 32 shares in the last quarter. 56.71% of the stock is owned by institutional investors and hedge funds.
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.
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