Carvana Co. (NYSE:CVNA) Insider Sells $367,848.96 in Stock

Carvana Co. (NYSE:CVNA) insider Paul W. Breaux sold 1,362 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $270.08, for a total transaction of $367,848.96. Following the sale, the insider now owns 153,240 shares of the company’s stock, valued at approximately $41,387,059.20. The trade was a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Carvana Price Performance

CVNA stock opened at $285.62 on Friday. Carvana Co. has a 1 year low of $48.15 and a 1 year high of $286.38. The company has a market cap of $59.30 billion, a P/E ratio of 28,590.19 and a beta of 3.37. The firm has a 50-day moving average of $232.45 and a 200 day moving average of $203.33. The company has a debt-to-equity ratio of 18.99, a current ratio of 3.25 and a quick ratio of 2.12.

Hedge Funds Weigh In On Carvana

A number of institutional investors have recently bought and sold shares of the stock. FMR LLC increased its stake in shares of Carvana by 90.8% during the third quarter. FMR LLC now owns 12,361,790 shares of the company’s stock valued at $2,152,311,000 after purchasing an additional 5,882,656 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Carvana by 5.6% during the fourth quarter. Vanguard Group Inc. now owns 11,425,367 shares of the company’s stock valued at $2,323,463,000 after purchasing an additional 610,234 shares in the last quarter. Lingotto Investment Management LLP increased its stake in shares of Carvana by 1.5% during the fourth quarter. Lingotto Investment Management LLP now owns 3,987,150 shares of the company’s stock valued at $810,827,000 after purchasing an additional 57,215 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Carvana by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 1,878,796 shares of the company’s stock valued at $381,592,000 after purchasing an additional 75,250 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Carvana by 6.1% during the third quarter. State Street Corp now owns 1,877,511 shares of the company’s stock valued at $326,893,000 after purchasing an additional 107,610 shares in the last quarter. 56.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Citigroup upgraded shares of Carvana from a “neutral” rating to a “buy” rating and upped their price target for the company from $195.00 to $277.00 in a research report on Wednesday, January 8th. Piper Sandler upped their price target on shares of Carvana from $151.00 to $225.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. JMP Securities restated a “market outperform” rating and set a $320.00 price target on shares of Carvana in a research report on Monday, December 16th. Robert W. Baird upped their price target on shares of Carvana from $160.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, Evercore ISI increased their target price on shares of Carvana from $240.00 to $245.00 and gave the stock an “in-line” rating in a report on Tuesday, December 3rd. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $249.29.

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.