Carvana Co. (NYSE:CVNA – Get Free Report) major shareholder Ernest C. Garcia II sold 60,000 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $120.35, for a total transaction of $7,221,000.00. Following the sale, the insider now directly owns 2,992,500 shares in the company, valued at approximately $360,147,375. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Carvana Trading Up 1.1 %
Shares of CVNA traded up $1.36 on Monday, reaching $123.03. The company’s stock had a trading volume of 7,058,803 shares, compared to its average volume of 6,323,170. The stock has a market capitalization of $24.84 billion, a PE ratio of 56.36 and a beta of 3.28. Carvana Co. has a twelve month low of $8.86 and a twelve month high of $129.00. The firm has a fifty day moving average of $81.81 and a 200-day moving average of $56.19.
Carvana (NYSE:CVNA – Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The company reported ($1.00) EPS for the quarter, missing the consensus estimate of ($0.95) by ($0.05). The business had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.56 billion. The business’s revenue was down 14.6% on a year-over-year basis. During the same period last year, the business posted ($0.97) EPS. As a group, equities analysts anticipate that Carvana Co. will post -3.05 EPS for the current fiscal year.
Analyst Ratings Changes
View Our Latest Report on CVNA
Institutional Investors Weigh In On Carvana
Large investors have recently modified their holdings of the stock. Blue Trust Inc. bought a new position in Carvana in the 4th quarter worth approximately $29,000. Hanseatic Management Services Inc. bought a new position in Carvana in the 3rd quarter worth approximately $34,000. Parallel Advisors LLC boosted its holdings in Carvana by 39.0% in the 4th quarter. Parallel Advisors LLC now owns 692 shares of the company’s stock worth $37,000 after buying an additional 194 shares during the period. Harvest Fund Management Co. Ltd boosted its holdings in Carvana by 1,225.6% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,193 shares of the company’s stock worth $50,000 after buying an additional 1,103 shares during the period. Finally, Tidemark LLC bought a new position in Carvana in the 4th quarter worth approximately $50,000. Hedge funds and other institutional investors own 56.71% of the company’s stock.
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.
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