Daniel J. Gill Sells 30,000 Shares of Carvana Co. (NYSE:CVNA) Stock

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

Carvana Stock Down 1.4 %

CVNA stock opened at $172.72 on Wednesday. The company has a quick ratio of 2.02, a current ratio of 3.11 and a debt-to-equity ratio of 47.20. The firm’s 50-day simple moving average is $144.33 and its 200 day simple moving average is $116.89. The stock has a market cap of $34.99 billion, a PE ratio of 75.75 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.

Carvana (NYSE:CVNA) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.14 EPS for the quarter. The firm had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.23 billion. As a group, sell-side analysts predict that Carvana Co. will post 0.18 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CVNA. Royal Bank of Canada upgraded Carvana to a “sector perform” rating and increased their target price for the company from $166.00 to $170.00 in a research note on Monday, August 19th. Wells Fargo & Company upgraded shares of Carvana from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $77.00 to $175.00 in a research note on Thursday, August 1st. Wedbush upgraded shares of Carvana to a “neutral” rating and upped their target price for the company from $120.00 to $150.00 in a research note on Monday, August 19th. TD Cowen lifted their price target on Carvana from $110.00 to $148.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Finally, Needham & Company LLC boosted their price objective on Carvana from $160.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $153.88.

Institutional Trading of Carvana

Hedge funds have recently added to or reduced their stakes in the business. Ridgewood Investments LLC acquired a new position in Carvana during the 2nd quarter valued at about $32,000. Parallel Advisors LLC increased its stake in shares of Carvana by 39.0% during the fourth quarter. Parallel Advisors LLC now owns 692 shares of the company’s stock valued at $37,000 after acquiring an additional 194 shares during the period. Summit Securities Group LLC raised its holdings in Carvana by 110.0% during the second quarter. Summit Securities Group LLC now owns 300 shares of the company’s stock worth $39,000 after purchasing an additional 3,300 shares in the last quarter. Fifth Third Bancorp lifted its position in Carvana by 450.8% in the second quarter. Fifth Third Bancorp now owns 336 shares of the company’s stock worth $43,000 after purchasing an additional 275 shares during the period. Finally, Benjamin F. Edwards & Company Inc. bought a new position in Carvana during the 2nd quarter valued at $51,000. Institutional investors own 56.71% of the company’s stock.

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.