Carvana Co. (NYSE:CVNA) Insider Thomas Taira Sells 10,000 Shares

Carvana Co. (NYSE:CVNA) insider Thomas Taira sold 10,000 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $350.29, for a total value of $3,502,900.00. Following the transaction, the insider now directly owns 130,834 shares of the company’s stock, valued at approximately $45,829,841.86. The trade was a 7.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Thomas Taira also recently made the following trade(s):

• On Friday, May 30th, Thomas Taira sold 10,000 shares of Carvana stock. The shares were sold at an average price of $325.18, for a total value of $3,251,800.00.
• On Wednesday, May 14th, Thomas Taira sold 20,878 shares of Carvana stock. The shares were sold at an average price of $300.00, for a total value of $6,263,400.00.
• On Thursday, May 1st, Thomas Taira sold 5,000 shares of Carvana stock. The shares were sold at an average price of $260.00, for a total value of $1,300,000.00.
• On Tuesday, March 25th, Thomas Taira sold 27,593 shares of Carvana stock. The shares were sold at an average price of $225.03, for a total value of $6,209,252.79.

Carvana Price Performance

NYSE CVNA opened at $338.82 on Wednesday. Carvana Co. has a twelve month low of $100.05 and a twelve month high of $351.43. The company has a debt-to-equity ratio of 3.82, a quick ratio of 2.12 and a current ratio of 3.64. The stock has a market capitalization of $72.55 billion, a PE ratio of 215.81 and a beta of 3.65. The stock has a 50-day simple moving average of $263.92 and a 200 day simple moving average of $239.67.

Carvana (NYSE:CVNA) last released its earnings results on Wednesday, May 7th. The company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.76. Carvana had a return on equity of 36.59% and a net margin of 1.54%. The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $3.94 billion. During the same period last year, the business earned $0.23 earnings per share. The firm’s revenue for the quarter was up 38.3% compared to the same quarter last year. Research analysts anticipate that Carvana Co. will post 2.85 EPS for the current year.

Institutional Investors Weigh In On Carvana

A number of institutional investors have recently added to or reduced their stakes in the company. Yousif Capital Management LLC grew its position in Carvana by 4.1% during the first quarter. Yousif Capital Management LLC now owns 1,266 shares of the company’s stock worth $265,000 after buying an additional 50 shares in the last quarter. Fidelis Capital Partners LLC grew its position in Carvana by 3.4% during the fourth quarter. Fidelis Capital Partners LLC now owns 1,541 shares of the company’s stock worth $313,000 after buying an additional 51 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Carvana by 5.2% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,223 shares of the company’s stock worth $256,000 after buying an additional 60 shares in the last quarter. Bleakley Financial Group LLC grew its position in Carvana by 2.8% during the fourth quarter. Bleakley Financial Group LLC now owns 2,373 shares of the company’s stock worth $483,000 after buying an additional 65 shares in the last quarter. Finally, Commerce Bank grew its position in Carvana by 1.6% during the first quarter. Commerce Bank now owns 4,446 shares of the company’s stock worth $930,000 after buying an additional 69 shares in the last quarter. 56.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on CVNA shares. Royal Bank of Canada increased their price target on Carvana from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Thursday, May 8th. Robert W. Baird increased their target price on Carvana from $200.00 to $275.00 and gave the company a “neutral” rating in a report on Thursday, May 8th. JPMorgan Chase & Co. reduced their target price on Carvana from $365.00 to $325.00 and set an “overweight” rating for the company in a report on Thursday, March 27th. Stephens restated an “overweight” rating and issued a $300.00 target price on shares of Carvana in a report on Monday, March 3rd. Finally, Morgan Stanley increased their price objective on Carvana from $280.00 to $290.00 and gave the stock an “overweight” rating in a report on Thursday, May 15th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $280.35.

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.