Insider Selling: Carvana Co. (NYSE:CVNA) Insider Sells 30,000 Shares of Stock

Carvana Co. (NYSE:CVNA) insider Daniel J. Gill sold 30,000 shares of Carvana stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $175.00, for a total transaction of $5,250,000.00. Following the completion of the transaction, the insider now owns 328,329 shares of the company’s stock, valued at approximately $57,457,575. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Carvana Price Performance

CVNA stock traded up $1.40 during midday trading on Monday, hitting $175.25. 4,045,735 shares of the stock were exchanged, compared to its average volume of 5,110,847. The stock’s 50-day moving average price is $143.11 and its 200-day moving average price is $115.60. The stock has a market cap of $35.50 billion, a price-to-earnings ratio of 76.25 and a beta of 3.43. Carvana Co. has a fifty-two week low of $25.09 and a fifty-two week high of $176.33. The company has a debt-to-equity ratio of 47.20, a quick ratio of 2.02 and a current ratio of 3.11.

Carvana (NYSE:CVNA) last announced its earnings results on Wednesday, July 31st. The company reported $0.14 EPS for the quarter. The company had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.23 billion. Research analysts predict that Carvana Co. will post 0.18 earnings per share for the current year.

Institutional Investors Weigh In On Carvana

A number of large investors have recently bought and sold shares of the stock. Teacher Retirement System of Texas lifted its stake in shares of Carvana by 25.7% during the 4th quarter. Teacher Retirement System of Texas now owns 8,760 shares of the company’s stock worth $464,000 after purchasing an additional 1,789 shares during the period. Avantax Advisory Services Inc. purchased a new position in shares of Carvana during the 4th quarter worth $203,000. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Carvana by 525.7% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 48,272 shares of the company’s stock worth $2,556,000 after purchasing an additional 40,557 shares during the period. Commerce Bank purchased a new position in shares of Carvana during the 4th quarter worth $249,000. Finally, Neuberger Berman Group LLC lifted its stake in shares of Carvana by 10.2% during the 4th quarter. Neuberger Berman Group LLC now owns 6,543 shares of the company’s stock worth $346,000 after purchasing an additional 606 shares during the period. Institutional investors and hedge funds own 56.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CVNA. Bank of America reiterated a “buy” rating and issued a $185.00 price objective on shares of Carvana in a research note on Tuesday, September 17th. Wedbush raised Carvana to a “neutral” rating and lifted their price target for the stock from $120.00 to $150.00 in a report on Monday, August 19th. BTIG Research increased their target price on shares of Carvana from $155.00 to $188.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. DA Davidson raised their target price on shares of Carvana from $110.00 to $155.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Finally, Needham & Company LLC lifted their target price on shares of Carvana from $160.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $153.88.

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.