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

Carvana Co. (NYSE:CVNA) insider Daniel J. Gill sold 30,000 shares of Carvana stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $175.00, for a total transaction of $5,250,000.00. Following the completion of the transaction, the insider now directly owns 328,329 shares in the company, valued at approximately $57,457,575. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Carvana Trading Down 1.4 %

Shares of NYSE:CVNA opened at $172.72 on Wednesday. The firm has a fifty day moving average of $144.33 and a two-hundred day moving average of $116.89. The company has a quick ratio of 2.02, a current ratio of 3.11 and a debt-to-equity ratio of 47.20. Carvana Co. has a 12-month low of $25.09 and a 12-month high of $176.33. The firm has a market capitalization of $34.99 billion, a P/E ratio of 75.75 and a beta of 3.43.

Carvana (NYSE:CVNA) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.14 earnings per share (EPS) for the quarter. The firm had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.23 billion. On average, equities analysts expect that Carvana Co. will post 0.18 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on CVNA. TD Cowen lifted their price target on shares of Carvana from $110.00 to $148.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Royal Bank of Canada upgraded Carvana to a “sector perform” rating and lifted their target price for the stock from $166.00 to $170.00 in a report on Monday, August 19th. JPMorgan Chase & Co. upped their target price on Carvana from $150.00 to $155.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Stephens began coverage on Carvana in a research note on Thursday, September 12th. They issued an “overweight” rating and a $190.00 price target on the stock. Finally, Morgan Stanley boosted their price objective on Carvana from $75.00 to $110.00 and gave the stock an “underweight” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $153.88.

Institutional Investors Weigh In On Carvana

Several institutional investors have recently made changes to their positions in CVNA. Ridgewood Investments LLC bought a new position in Carvana during the second quarter valued at approximately $32,000. Summit Securities Group LLC increased its stake in shares of Carvana by 110.0% during the 2nd quarter. Summit Securities Group LLC now owns 300 shares of the company’s stock worth $39,000 after purchasing an additional 3,300 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of Carvana by 450.8% during the 2nd quarter. Fifth Third Bancorp now owns 336 shares of the company’s stock worth $43,000 after purchasing an additional 275 shares during the last quarter. Benjamin F. Edwards & Company Inc. bought a new position in shares of Carvana during the 2nd quarter valued at $51,000. Finally, GAMMA Investing LLC lifted its stake in shares of Carvana by 127.9% in the 2nd quarter. GAMMA Investing LLC now owns 458 shares of the company’s stock valued at $59,000 after purchasing an additional 257 shares during the last quarter. 56.71% of the stock is currently owned by institutional investors and hedge funds.

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.