Key Points
- Carvana insider Thomas Taira sold 5,597 shares at an average price of $65.00, worth $363,805, under a pre-arranged Rule 10b5-1 plan. He continues to own 357,442 shares, and had also sold 16,789 shares in September.
- Carvana’s stock opened at $60.45, with a 52-week range of $54.46 to $97.38 and a market capitalization of approximately $66.52 billion.
- The company recently exceeded quarterly earnings and revenue expectations, reporting $0.42 in EPS and $7.38 billion in revenue. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $83.13.
Carvana Co. (NYSE:CVNA - Get Free Report) insider Thomas Taira sold 5,597 shares of Carvana stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $65.00, for a total value of $363,805.00. Following the transaction, the insider owned 357,442 shares in the company, valued at $23,233,730. This trade represents a 1.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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, September 14th, Thomas Taira sold 16,789 shares of Carvana stock. The shares were sold at an average price of $70.58, for a total value of $1,184,967.62.
Carvana Price Performance
NYSE CVNA opened at $60.45 on Wednesday. The business has a 50 day simple moving average of $68.67 and a 200 day simple moving average of $68.62. Carvana Co. has a 52-week low of $54.46 and a 52-week high of $97.38. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.33 and a current ratio of 3.93. The stock has a market cap of $66.52 billion, a price-to-earnings ratio of 32.92, a PEG ratio of 1.72 and a beta of 3.55.
Carvana (NYSE:CVNA - Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.39 by $0.03. The firm had revenue of $7.38 billion for the quarter, compared to the consensus estimate of $6.90 billion. Carvana had a net margin of 6.26% and a return on equity of 37.06%. During the same period last year, the company posted $1.51 EPS. The business's quarterly revenue was up 52.4% on a year-over-year basis. Analysts anticipate that Carvana Co. will post 1.67 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Carvana
Several institutional investors have recently bought and sold shares of the company. SJS Investment Consulting Inc. lifted its stake in Carvana by 29.8% in the 1st quarter. SJS Investment Consulting Inc. now owns 183 shares of the company's stock worth $58,000 after purchasing an additional 42 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of Carvana by 152.6% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 96 shares of the company's stock worth $30,000 after purchasing an additional 58 shares in the last quarter. Meeder Advisory Services Inc. boosted its stake in Carvana by 3.9% in the first quarter. Meeder Advisory Services Inc. now owns 1,993 shares of the company's stock worth $627,000 after buying an additional 75 shares in the last quarter. Motiv8 Investments LLC purchased a new stake in shares of Carvana in the 4th quarter valued at $33,000. Finally, Ascentis Independent Advisors purchased a new stake in Carvana during the first quarter valued at about $26,000. Institutional investors own 56.71% of the company's stock.
Wall Street Analyst Weigh In
CVNA has been the subject of several research reports. Robert W. Baird set a $72.00 price objective on shares of Carvana in a research report on Thursday, July 30th. Citigroup reaffirmed a "market outperform" rating on shares of Carvana in a research report on Monday, August 31st. DA Davidson set a $67.00 price objective on shares of Carvana in a research report on Thursday, July 30th. Morgan Stanley set a $90.00 target price on shares of Carvana and gave the stock an "overweight" rating in a research note on Thursday, July 30th. Finally, Oppenheimer set a $90.00 target price on Carvana and gave the stock an "outperform" rating in a report on Wednesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $83.13.
View Our Latest Research Report on Carvana
Carvana Company Profile
(
Get Free Report)
Carvana Co is an online used-car retailer that enables customers to research, purchase, finance, trade in and sell vehicles through its digital platform. The company's services are designed to allow customers to complete much of the vehicle-buying process online, including selecting a vehicle, arranging financing, completing documentation and scheduling delivery or pickup.
Carvana offers a broad selection of used cars, trucks and sport utility vehicles. Its platform includes vehicle listings with photographs and inspection information, while its operations support vehicle reconditioning, logistics and customer delivery.
Further Reading
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