Insider Selling: Carvana Co. (NYSE:CVNA) Insider Sells 24,845 Shares of Stock

Carvana Co. (NYSE:CVNA) insider Ryan S. Keeton sold 24,845 shares of Carvana stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $247.90, for a total transaction of $6,159,075.50. Following the transaction, the insider now directly owns 151,029 shares of the company’s stock, valued at approximately $37,440,089.10. This trade represents a 14.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Carvana Trading Up 0.2 %

Shares of NYSE CVNA traded up $0.52 during midday trading on Friday, reaching $248.29. 1,231,905 shares of the stock were exchanged, compared to its average volume of 4,543,033. The stock has a market capitalization of $51.55 billion, a P/E ratio of 24,767.00 and a beta of 3.32. The company has a debt-to-equity ratio of 18.99, a quick ratio of 2.12 and a current ratio of 3.25. The company has a 50 day simple moving average of $227.28 and a 200 day simple moving average of $167.50. Carvana Co. has a twelve month low of $40.21 and a twelve month high of $268.34.

Carvana (NYSE:CVNA) last posted its earnings results on Wednesday, October 30th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.41. The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period last year, the business earned $0.23 EPS. Carvana’s revenue was up 31.8% compared to the same quarter last year. As a group, equities analysts expect that Carvana Co. will post 0.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CVNA has been the topic of several research analyst reports. Wedbush raised their price objective on Carvana from $150.00 to $175.00 and gave the company a “neutral” rating in a report on Monday, October 7th. Robert W. Baird lifted their price target on shares of Carvana from $160.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. upped their price objective on shares of Carvana from $230.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. JMP Securities lifted their target price on shares of Carvana from $200.00 to $320.00 and gave the company a “market outperform” rating in a research report on Thursday, October 31st. Finally, Stephens began coverage on shares of Carvana in a research report on Thursday, September 12th. They set an “overweight” rating and a $190.00 price target for the company. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $222.71.

Institutional Trading of Carvana

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sugarloaf Wealth Management LLC acquired a new stake in Carvana in the 3rd quarter valued at approximately $32,000. Capital Performance Advisors LLP purchased a new position in shares of Carvana during the third quarter worth $40,000. Ridgewood Investments LLC acquired a new stake in shares of Carvana in the second quarter valued at $32,000. First Horizon Advisors Inc. raised its holdings in shares of Carvana by 363.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 250 shares of the company’s stock valued at $44,000 after buying an additional 196 shares during the period. Finally, Summit Securities Group LLC boosted its holdings in Carvana by 110.0% during the 2nd quarter. Summit Securities Group LLC now owns 300 shares of the company’s stock valued at $39,000 after acquiring an additional 3,300 shares during the period. 56.71% of the stock is currently owned by hedge funds and other institutional investors.

About Carvana

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.