Insider Selling: Carvana Co. (NYSE:CVNA) COO Sells 50,000 Shares of Stock

Carvana Co. (NYSE:CVNA) COO Benjamin E. Huston sold 50,000 shares of the firm’s stock in a transaction on Monday, April 7th. The stock was sold at an average price of $150.90, for a total value of $7,545,000.00. Following the transaction, the chief operating officer now owns 123,803 shares in the company, valued at $18,681,872.70. This trade represents a 28.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Carvana Price Performance

Shares of NYSE:CVNA traded up $43.28 during trading on Wednesday, reaching $219.60. The company had a trading volume of 10,804,999 shares, compared to its average volume of 4,068,015. The firm’s fifty day moving average is $219.24 and its 200 day moving average is $219.46. The company has a debt-to-equity ratio of 3.82, a quick ratio of 2.12 and a current ratio of 3.64. The firm has a market capitalization of $46.81 billion, a PE ratio of 139.87 and a beta of 3.61. Carvana Co. has a twelve month low of $67.61 and a twelve month high of $292.84.

Carvana (NYSE:CVNA) last released its earnings results on Wednesday, February 19th. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.27. Carvana had a return on equity of 36.59% and a net margin of 1.54%. The firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.32 billion. On average, equities analysts forecast that Carvana Co. will post 2.85 EPS for the current year.

Analyst Upgrades and Downgrades

CVNA has been the topic of a number of recent research reports. Morgan Stanley upgraded shares of Carvana from an “underweight” rating to an “overweight” rating in a research report on Monday, March 31st. Piper Sandler upgraded Carvana from a “neutral” rating to an “overweight” rating in a research note on Monday, March 31st. Wells Fargo & Company dropped their price target on Carvana from $300.00 to $275.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Bank of America reduced their price objective on Carvana from $270.00 to $220.00 and set a “buy” rating for the company in a research report on Friday, March 14th. Finally, William Blair reaffirmed an “outperform” rating on shares of Carvana in a research report on Thursday, February 20th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Carvana currently has a consensus rating of “Moderate Buy” and an average target price of $253.59.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CVNA. Quent Capital LLC bought a new stake in Carvana in the fourth quarter worth about $28,000. Global Retirement Partners LLC grew its stake in shares of Carvana by 109.9% in the 4th quarter. Global Retirement Partners LLC now owns 149 shares of the company’s stock worth $30,000 after purchasing an additional 78 shares during the last quarter. Rialto Wealth Management LLC bought a new stake in shares of Carvana in the 4th quarter worth approximately $31,000. ORG Wealth Partners LLC acquired a new stake in Carvana during the fourth quarter valued at approximately $34,000. Finally, Versant Capital Management Inc bought a new stake in Carvana during the fourth quarter worth approximately $42,000. 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.