Insider Selling: Carvana Co. (NYSE:CVNA) COO Sells $10,366,000.00 in Stock

Carvana Co. (NYSE:CVNA) COO Benjamin E. Huston sold 50,000 shares of the firm’s stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $207.32, for a total value of $10,366,000.00. Following the transaction, the chief operating officer now directly owns 128,116 shares of the company’s stock, valued at $26,561,009.12. This represents a 28.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Carvana Trading Down 10.6 %

Shares of NYSE:CVNA opened at $162.54 on Friday. Carvana Co. has a 12-month low of $67.61 and a 12-month high of $292.84. The company has a quick ratio of 2.12, a current ratio of 3.64 and a debt-to-equity ratio of 3.82. The firm has a market capitalization of $34.65 billion, a P/E ratio of 103.53 and a beta of 3.61. The firm has a fifty day moving average of $223.47 and a two-hundred day moving average of $218.92.

Carvana (NYSE:CVNA) last issued its earnings results on Wednesday, February 19th. The company reported $0.56 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $3.32 billion. On average, equities analysts expect that Carvana Co. will post 2.85 EPS for the current fiscal year.

Hedge Funds Weigh In On Carvana

A number of hedge funds have recently added to or reduced their stakes in the company. Quent Capital LLC acquired a new stake in Carvana in the fourth quarter valued at approximately $28,000. Global Retirement Partners LLC lifted 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 valued at $30,000 after purchasing an additional 78 shares during the last quarter. Rialto Wealth Management LLC bought a new stake in Carvana in the fourth quarter worth $31,000. ORG Wealth Partners LLC acquired a new position in Carvana during the fourth quarter worth $34,000. Finally, Versant Capital Management Inc bought a new position in Carvana during the fourth quarter valued at about $42,000. Institutional investors and hedge funds own 56.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CVNA. William Blair reissued an “outperform” rating on shares of Carvana in a report on Thursday, February 20th. Wedbush set a $250.00 target price on shares of Carvana and gave the stock a “neutral” rating in a report on Wednesday, February 19th. JPMorgan Chase & Co. dropped their price target on Carvana from $365.00 to $325.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Evercore ISI reduced their price objective on Carvana from $250.00 to $240.00 and set an “in-line” rating for the company in a research note on Tuesday, March 11th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $320.00 target price on shares of Carvana in a research report on Monday, December 16th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Carvana currently has an average rating of “Moderate Buy” and an average target price of $258.59.

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.