Carvana Co. (NYSE:CVNA) Insider Paul W. Breaux Sells 30,000 Shares

Carvana Co. (NYSE:CVNA) insider Paul W. Breaux sold 30,000 shares of Carvana stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $240.22, for a total value of $7,206,600.00. Following the completion of the sale, the insider now owns 135,025 shares of the company’s stock, valued at $32,435,705.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Carvana Stock Performance

Shares of CVNA stock traded down $18.30 during trading hours on Friday, hitting $229.01. The company’s stock had a trading volume of 5,853,414 shares, compared to its average volume of 4,834,488. The company has a current ratio of 3.11, a quick ratio of 2.02 and a debt-to-equity ratio of 47.20. The company has a 50 day moving average of $174.33 and a 200 day moving average of $137.76. Carvana Co. has a 12-month low of $27.75 and a 12-month high of $259.39. The stock has a market cap of $47.39 billion, a PE ratio of 22,901.00 and a beta of 3.44.

Carvana (NYSE:CVNA) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.41. The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.47 billion. Carvana’s revenue for the quarter was up 31.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.23 earnings per share. On average, sell-side analysts forecast that Carvana Co. will post 0.26 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Carvana by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 10,290,551 shares of the company’s stock worth $904,642,000 after acquiring an additional 266,972 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Carvana by 39.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,459,065 shares of the company’s stock valued at $655,727,000 after purchasing an additional 2,112,463 shares during the period. Lingotto Investment Management LLP increased its position in shares of Carvana by 1.4% in the second quarter. Lingotto Investment Management LLP now owns 3,776,747 shares of the company’s stock valued at $486,143,000 after buying an additional 52,833 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Carvana by 12.2% during the 2nd quarter. Renaissance Technologies LLC now owns 813,400 shares of the company’s stock worth $104,701,000 after buying an additional 88,500 shares during the period. Finally, Driehaus Capital Management LLC lifted its position in shares of Carvana by 124.9% during the 2nd quarter. Driehaus Capital Management LLC now owns 581,787 shares of the company’s stock valued at $74,888,000 after buying an additional 323,153 shares in the last quarter. 56.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. TD Cowen upped 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. Morgan Stanley upped their target price on Carvana from $75.00 to $110.00 and gave the stock an “underweight” rating in a report on Thursday, August 1st. Jefferies Financial Group lifted their price target on Carvana from $150.00 to $185.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Piper Sandler upped their price objective on Carvana from $151.00 to $225.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Evercore ISI lifted their target price on Carvana from $186.00 to $190.00 and gave the company an “in-line” rating in a research note on Wednesday. One research 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’s stock. According to MarketBeat.com, Carvana currently has an average rating of “Hold” and a consensus price target of $208.88.

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.