Daniel J. Gill Sells 44,000 Shares of Carvana Co. (NYSE:CVNA) Stock

Carvana Co. (NYSE:CVNA) insider Daniel J. Gill sold 44,000 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $259.47, for a total value of $11,416,680.00. Following the completion of the sale, the insider now owns 191,225 shares of the company’s stock, valued at approximately $49,617,150.75. This trade represents a 18.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Carvana Stock Up 0.2 %

Carvana stock traded up $0.60 during mid-day trading on Tuesday, hitting $255.54. The company’s stock had a trading volume of 1,653,271 shares, compared to its average volume of 2,362,707. The firm’s 50 day moving average is $214.99 and its 200 day moving average is $160.59. Carvana Co. has a 52-week low of $36.53 and a 52-week high of $268.34. The company has a market cap of $53.06 billion, a PE ratio of 25,601.60 and a beta of 3.32. The company has a debt-to-equity ratio of 18.99, a current ratio of 3.25 and a quick ratio of 2.12.

Carvana (NYSE:CVNA) last announced its earnings results on Wednesday, October 30th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.41. The business had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.47 billion. Carvana’s revenue for the quarter was up 31.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.23 EPS. On average, analysts anticipate that Carvana Co. will post 0.76 earnings per share for the current year.

Institutional Trading of Carvana

Several institutional investors and hedge funds have recently added to or reduced their stakes in CVNA. Cetera Investment Advisers lifted its position in Carvana by 171.7% in the 1st quarter. Cetera Investment Advisers now owns 20,862 shares of the company’s stock valued at $1,834,000 after acquiring an additional 13,185 shares in the last quarter. Cetera Advisors LLC acquired a new position in Carvana during the 1st quarter worth approximately $461,000. GAMMA Investing LLC grew its holdings in Carvana by 127.9% during the 2nd quarter. GAMMA Investing LLC now owns 458 shares of the company’s stock worth $59,000 after acquiring an additional 257 shares during the last quarter. Hilltop National Bank acquired a new stake in Carvana in the 2nd quarter valued at $68,000. Finally, CWM LLC lifted its position in shares of Carvana by 19.5% during the second quarter. CWM LLC now owns 883 shares of the company’s stock valued at $114,000 after purchasing an additional 144 shares in the last quarter. 56.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CVNA. Morgan Stanley raised shares of Carvana from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $110.00 to $260.00 in a report on Tuesday, November 5th. Wedbush boosted their target price on shares of Carvana from $150.00 to $175.00 and gave the stock a “neutral” rating in a research note on Monday, October 7th. Evercore ISI boosted their price target on shares of Carvana from $240.00 to $245.00 and gave the stock an “in-line” rating in a research note on Tuesday. JMP Securities lifted their price target on shares of Carvana from $200.00 to $320.00 and gave the stock a “market outperform” rating in a report on Thursday, October 31st. Finally, Robert W. Baird raised their target price 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. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $220.94.

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.