Thomas Taira Sells 1,174 Shares of Carvana (NYSE:CVNA) Stock

Carvana Co. (NYSE:CVNAGet Free Report) insider Thomas Taira sold 1,174 shares of the stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $447.00, for a total value of $524,778.00. Following the completion of the transaction, the insider owned 68,252 shares of the company’s stock, valued at $30,508,644. The trade was a 1.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

  • On Friday, December 12th, Thomas Taira sold 10,000 shares of Carvana stock. The stock was sold at an average price of $475.00, for a total value of $4,750,000.00.
  • On Monday, December 8th, Thomas Taira sold 30,952 shares of Carvana stock. The shares were sold at an average price of $435.96, for a total value of $13,493,833.92.
  • On Wednesday, December 3rd, Thomas Taira sold 25,000 shares of Carvana stock. The stock was sold at an average price of $400.00, for a total value of $10,000,000.00.
  • On Friday, November 28th, Thomas Taira sold 10,000 shares of Carvana stock. The shares were sold at an average price of $375.01, for a total value of $3,750,100.00.
  • On Monday, November 10th, Thomas Taira sold 952 shares of Carvana stock. The shares were sold at an average price of $325.00, for a total transaction of $309,400.00.

Carvana Trading Up 4.7%

CVNA traded up $20.99 during trading on Friday, reaching $463.57. 3,255,186 shares of the company’s stock were exchanged, compared to its average volume of 3,429,345. Carvana Co. has a one year low of $148.25 and a one year high of $485.33. The company has a current ratio of 4.05, a quick ratio of 2.55 and a debt-to-equity ratio of 1.63. The stock has a market capitalization of $100.85 billion, a PE ratio of 105.84, a price-to-earnings-growth ratio of 1.07 and a beta of 3.54. The firm has a fifty day moving average price of $388.43 and a two-hundred day moving average price of $366.17.

Carvana (NYSE:CVNAGet Free Report) last released its quarterly earnings results on Wednesday, October 29th. The company reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.29 by ($0.26). The business had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.04 billion. Carvana had a net margin of 3.44% and a return on equity of 30.62%. Carvana’s revenue was up 54.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.64 EPS. As a group, equities research analysts forecast that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Carvana

A number of institutional investors and hedge funds have recently made changes to their positions in CVNA. Hilltop National Bank acquired a new position in Carvana during the 2nd quarter worth approximately $25,000. ORG Partners LLC increased its holdings in shares of Carvana by 8,700.0% during the third quarter. ORG Partners LLC now owns 88 shares of the company’s stock valued at $33,000 after acquiring an additional 87 shares in the last quarter. SJS Investment Consulting Inc. raised its position in shares of Carvana by 960.0% during the second quarter. SJS Investment Consulting Inc. now owns 106 shares of the company’s stock worth $36,000 after purchasing an additional 96 shares during the period. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Carvana during the third quarter worth approximately $38,000. Finally, Washington Trust Advisors Inc. bought a new position in shares of Carvana in the 3rd quarter worth $38,000. Institutional investors own 56.71% of the company’s stock.

More Carvana News

Here are the key news stories impacting Carvana this week:

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Carvana in a research report on Monday, December 29th. DA Davidson set a $360.00 price target on shares of Carvana in a report on Thursday, October 30th. Stephens reaffirmed an “overweight” rating and issued a $440.00 price objective on shares of Carvana in a research note on Tuesday, September 23rd. Royal Bank Of Canada reissued an “outperform” rating and set a $460.00 target price on shares of Carvana in a research note on Thursday, October 30th. Finally, Morgan Stanley restated an “overweight” rating on shares of Carvana in a report on Thursday. Nineteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Carvana presently has a consensus rating of “Moderate Buy” and a consensus target price of $451.14.

Check Out Our Latest Stock Report on CVNA

Carvana Company Profile

(Get Free Report)

Carvana Co is an online-only retailer of used vehicles that operates a consumer-facing e-commerce platform for buying and selling cars. The company markets and sells inspected, reconditioned pre-owned vehicles through its website, where shoppers can browse inventory, view detailed 360-degree photos and vehicle history reports, finance purchases, and arrange delivery or pickup. Carvana’s model is built around a digital end-to-end car buying experience that aims to simplify vehicle transactions compared with traditional dealerships.

Its products and services include direct retail sales of used cars, trade-in and purchase offers for consumer vehicles, vehicle financing and related protection products, and a seven-day return policy that allows customers to test a vehicle in everyday use.

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Insider Buying and Selling by Quarter for Carvana (NYSE:CVNA)

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