Carvana Co. (NYSE:CVNA) Insider Paul W. Breaux Sells 14,548 Shares

Carvana Co. (NYSE:CVNA) insider Paul W. Breaux sold 14,548 shares of Carvana stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $198.00, for a total value of $2,880,504.00. Following the completion of the transaction, the insider now owns 119,494 shares of the company’s stock, valued at approximately $23,659,812. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Carvana Stock Performance

NYSE CVNA opened at $200.19 on Friday. The stock’s fifty day moving average is $167.04 and its two-hundred day moving average is $132.01. The firm has a market capitalization of $40.55 billion, a P/E ratio of 87.80 and a beta of 3.44. 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 Co. has a fifty-two week low of $25.09 and a fifty-two week high of $203.24.

Carvana (NYSE:CVNA) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.14 earnings per share for the quarter. The company had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.23 billion. On average, research analysts anticipate that Carvana Co. will post 0.29 earnings per share for the current year.

Institutional Investors Weigh In On Carvana

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Driehaus Capital Management LLC raised its position in Carvana by 124.9% in the second quarter. Driehaus Capital Management LLC now owns 581,787 shares of the company’s stock valued at $74,888,000 after purchasing an additional 323,153 shares during the period. Tidal Investments LLC purchased a new stake in Carvana in the first quarter valued at $1,783,000. Chicago Capital LLC purchased a new stake in Carvana in the third quarter valued at $940,000. Vanguard Group Inc. raised its position in Carvana by 2.7% in the first quarter. Vanguard Group Inc. now owns 10,290,551 shares of the company’s stock valued at $904,642,000 after purchasing an additional 266,972 shares during the period. Finally, US Bancorp DE raised its position in Carvana by 724.5% in the first quarter. US Bancorp DE now owns 5,549 shares of the company’s stock valued at $488,000 after purchasing an additional 4,876 shares during the period. Hedge funds and other institutional investors own 56.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CVNA. Bank of America lifted their price target on Carvana from $185.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Robert W. Baird initiated coverage on Carvana in a report on Thursday, August 1st. They issued a “neutral” rating and a $160.00 price objective on the stock. Royal Bank of Canada upgraded Carvana to a “sector perform” rating and raised their target price for the company from $166.00 to $170.00 in a research report on Monday, August 19th. Jefferies Financial Group lifted their price target on Carvana from $150.00 to $185.00 and gave the stock a “hold” rating in a research note on Tuesday. Finally, Wedbush lifted their price target on Carvana from $150.00 to $175.00 and gave the stock a “neutral” rating in a research note on Monday, October 7th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Carvana has a consensus rating of “Hold” and an average price target of $182.29.

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.