Thomas Taira Sells 27,593 Shares of Carvana Co. (NYSE:CVNA) Stock

Carvana Co. (NYSE:CVNA) insider Thomas Taira sold 27,593 shares of the company’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $225.03, for a total value of $6,209,252.79. Following the sale, the insider now owns 179,673 shares of the company’s stock, valued at approximately $40,431,815.19. This trade represents a 13.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Carvana Stock Down 0.2 %

NYSE CVNA opened at $204.45 on Friday. The company has a current ratio of 3.64, a quick ratio of 2.12 and a debt-to-equity ratio of 3.82. Carvana Co. has a 12 month low of $67.61 and a 12 month high of $292.84. The stock’s 50 day moving average is $227.77 and its 200 day moving average is $216.41. The stock has a market cap of $43.58 billion, a PE ratio of 130.22 and a beta of 3.56.

Carvana (NYSE:CVNA) last issued 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. The firm had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.32 billion. Carvana had a net margin of 1.54% and a return on equity of 36.59%. Research analysts predict that Carvana Co. will post 2.85 EPS for the current fiscal year.

Institutional Investors Weigh In On Carvana

Large investors have recently made changes to their positions in the company. Quent Capital LLC purchased a new position in Carvana during the 4th quarter valued at approximately $28,000. Global Retirement Partners LLC boosted its position in shares of Carvana by 109.9% during the 4th quarter. Global Retirement Partners LLC now owns 149 shares of the company’s stock valued at $30,000 after acquiring an additional 78 shares during the last quarter. Rialto Wealth Management LLC purchased a new position in shares of Carvana in the fourth quarter valued at $31,000. ORG Wealth Partners LLC purchased a new position in shares of Carvana in the fourth quarter valued at $34,000. Finally, Versant Capital Management Inc bought a new stake in Carvana in the fourth quarter worth $42,000. 56.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CVNA shares. JMP Securities restated a “market outperform” rating and set a $320.00 price target on shares of Carvana in a research note on Monday, December 16th. Wells Fargo & Company cut their target price on shares of Carvana from $300.00 to $275.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Bank of America decreased their price target on shares of Carvana from $270.00 to $220.00 and set a “buy” rating on the stock in a research report on Friday, March 14th. Wedbush set a $250.00 price objective on shares of Carvana and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Finally, William Blair reaffirmed an “outperform” rating on shares of Carvana in a report on Thursday, February 20th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $261.53.

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.