Carvana (NYSE:CVNA) Insider Thomas Taira Sells 1,047 Shares

Carvana Co. (NYSE:CVNA) insider Thomas Taira sold 1,047 shares of the stock in a transaction on Monday, February 9th. The stock was sold at an average price of $398.54, for a total value of $417,271.38. Following the completion of the transaction, the insider directly owned 66,625 shares of the company’s stock, valued at approximately $26,552,727.50. The trade was a 1.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Thursday, January 8th, Thomas Taira sold 1,174 shares of Carvana stock. The stock was sold at an average price of $447.00, for a total transaction of $524,778.00.
• 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 stock was sold at an average price of $375.01, for a total transaction of $3,750,100.00.

Carvana Price Performance

NYSE CVNA traded down $26.90 on Wednesday, reaching $364.79. The company’s stock had a trading volume of 6,582,613 shares, compared to its average volume of 3,871,061. The firm’s 50 day moving average is $436.75 and its two-hundred day moving average is $382.24. The stock has a market cap of $79.36 billion, a PE ratio of 83.29, a PEG ratio of 0.95 and a beta of 3.57. The company has a debt-to-equity ratio of 1.63, a quick ratio of 2.55 and a current ratio of 4.05. Carvana Co. has a twelve month low of $148.25 and a twelve month high of $486.89.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CVNA. Gordon Haskett reduced their target price on Carvana from $445.00 to $435.00 and set a “hold” rating for the company in a report on Monday, January 5th. Argus started coverage on Carvana in a report on Monday, December 15th. They set a “buy” rating and a $500.00 price objective on the stock. Barclays raised their target price on shares of Carvana from $465.00 to $530.00 and gave the stock an “overweight” rating in a report on Wednesday, January 21st. BTIG Research lifted their target price on shares of Carvana from $450.00 to $535.00 and gave the stock a “buy” rating in a research report on Thursday, January 15th. Finally, Zacks Research lowered shares of Carvana from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Nineteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Carvana currently has an average rating of “Moderate Buy” and a consensus price target of $474.27.

Institutional Investors Weigh In On Carvana

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Carvana by 24.7% during the fourth quarter. Vanguard Group Inc. now owns 16,783,101 shares of the company’s stock valued at $7,082,804,000 after purchasing an additional 3,328,115 shares during the last quarter. Capital Research Global Investors increased its position in Carvana by 42.9% in the 4th quarter. Capital Research Global Investors now owns 5,700,953 shares of the company’s stock worth $2,405,959,000 after purchasing an additional 1,711,144 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Carvana by 55.4% during the 4th quarter. Geode Capital Management LLC now owns 3,880,711 shares of the company’s stock worth $1,632,763,000 after purchasing an additional 1,382,852 shares in the last quarter. Viking Global Investors LP raised its stake in shares of Carvana by 94.9% during the 3rd quarter. Viking Global Investors LP now owns 2,101,241 shares of the company’s stock worth $792,672,000 after purchasing an additional 1,023,265 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Carvana during the 4th quarter valued at about $412,338,000. Hedge funds and other institutional investors own 56.71% of the company’s stock.

About Carvana

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.