Carvana Co. (NYSE:CVNA) Insider Thomas Taira Sells 68,556 Shares of Stock

Carvana Co. (NYSE:CVNA) insider Thomas Taira sold 68,556 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $102.74, for a total value of $7,043,443.44. Following the completion of the sale, the insider now owns 186,397 shares of the company’s stock, valued at approximately $19,150,427.78. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Thomas Taira also recently made the following trade(s):

• On Tuesday, April 2nd, Thomas Taira sold 4,197 shares of Carvana stock. The stock was sold at an average price of $82.84, for a total transaction of $347,679.48.

Carvana Stock Performance

Carvana stock opened at $108.94 on Tuesday. Carvana Co. has a fifty-two week low of $20.60 and a fifty-two week high of $129.00. The stock has a market cap of $22.07 billion, a price-to-earnings ratio of 47.78 and a beta of 3.29. The stock’s 50 day simple moving average is $99.04 and its two-hundred day simple moving average is $73.03.

Carvana (NYSE:CVNA) last released its quarterly earnings results on Wednesday, May 1st. The company reported ($0.41) earnings per share for the quarter, beating the consensus estimate of ($0.76) by $0.35. The firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $2.72 billion. On average, analysts predict that Carvana Co. will post -0.75 earnings per share for the current year.

Institutional Trading of Carvana

Hedge funds and other institutional investors have recently modified their holdings of the business. Blue Trust Inc. purchased a new position in Carvana during the 4th quarter valued at about $29,000. Plato Investment Management Ltd bought a new stake in shares of Carvana in the 1st quarter worth approximately $55,000. Parallel Advisors LLC grew its stake in shares of Carvana by 39.0% in the 4th quarter. Parallel Advisors LLC now owns 692 shares of the company’s stock worth $37,000 after buying an additional 194 shares during the last quarter. Hanseatic Management Services Inc. bought a new position in Carvana during the 3rd quarter valued at approximately $34,000. Finally, Tidemark LLC purchased a new position in Carvana during the fourth quarter valued at $50,000. 56.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on CVNA. Royal Bank of Canada lifted their target price on shares of Carvana from $90.00 to $130.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 2nd. Morgan Stanley increased their target price on Carvana from $32.00 to $45.00 and gave the company an “underweight” rating in a report on Monday, February 26th. JMP Securities boosted their price objective on Carvana from $135.00 to $150.00 and gave the company a “market outperform” rating in a research report on Friday, June 7th. TD Cowen lifted their target price on shares of Carvana from $58.00 to $70.00 and gave the stock a “hold” rating in a research note on Monday, April 29th. Finally, William Blair reissued an “outperform” rating on shares of Carvana in a research report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $84.36.

Carvana Company Profile

Carvana Co, together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States. Its platform allows customers to research and identify a vehicle; inspect it using company's 360-degree vehicle imaging technology; obtain financing and warranty coverage; purchase the vehicle; and schedule delivery or pick-up from their desktop or mobile devices.