Insider Selling: Carvana Co. (NYSE:CVNA) Insider Sells 70,166 Shares of Stock

Carvana Co. (NYSE:CVNA) insider Daniel J. Gill sold 70,166 shares of the firm’s stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $281.43, for a total transaction of $19,746,817.38. Following the completion of the transaction, the insider now directly owns 201,087 shares of the company’s stock, valued at $56,591,914.41. This represents a 25.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Carvana Stock Performance

CVNA traded up $11.32 during trading on Monday, hitting $279.44. The stock had a trading volume of 4,087,114 shares, compared to its average volume of 3,919,104. The firm has a market cap of $59.57 billion, a PE ratio of 177.99 and a beta of 3.61. Carvana Co. has a 12 month low of $97.55 and a 12 month high of $293.62. The company has a current ratio of 3.64, a quick ratio of 2.12 and a debt-to-equity ratio of 3.82. The company has a 50 day simple moving average of $209.94 and a 200-day simple moving average of $227.40.

Carvana (NYSE:CVNA) last announced its earnings results on Wednesday, May 7th. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $0.75 by $0.76. The firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $3.94 billion. Carvana had a net margin of 1.54% and a return on equity of 36.59%. The business’s quarterly revenue was up 38.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.23 EPS. Analysts expect that Carvana Co. will post 2.85 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Carvana by 9.7% during the 1st quarter. Vanguard Group Inc. now owns 12,534,843 shares of the company’s stock worth $2,620,785,000 after purchasing an additional 1,109,476 shares during the period. Norges Bank bought a new position in shares of Carvana during the 4th quarter worth about $179,364,000. Castle Hook Partners LP bought a new position in shares of Carvana during the 4th quarter worth about $116,020,000. BNP Paribas Financial Markets increased its holdings in shares of Carvana by 89.8% during the 4th quarter. BNP Paribas Financial Markets now owns 1,018,321 shares of the company’s stock worth $207,086,000 after purchasing an additional 481,912 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Carvana during the 4th quarter worth about $86,636,000. Institutional investors own 56.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Evercore ISI decreased their target price on shares of Carvana from $250.00 to $240.00 and set an “in-line” rating for the company in a research note on Tuesday, March 11th. Stephens reissued an “overweight” rating and set a $300.00 target price on shares of Carvana in a research note on Monday, March 3rd. Wedbush raised shares of Carvana to a “hold” rating in a research note on Thursday. Bank of America lifted their target price on shares of Carvana from $290.00 to $295.00 and gave the company a “buy” rating in a research note on Thursday. Finally, JMP Securities decreased their target price on shares of Carvana from $340.00 to $275.00 and set a “market outperform” rating for the company in a research note on Wednesday, April 9th. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, Carvana currently has a consensus rating of “Moderate Buy” and an average target price of $268.59.

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.