Carvana (NYSE:CVNA) Director Sells $1,017,450.00 in Stock

Carvana Co. (NYSE:CVNA) Director Ira Platt sold 15,000 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $67.83, for a total transaction of $1,017,450.00. Following the sale, the director directly owned 186,470 shares in the company, valued at $12,648,260.10. This trade represents a 7.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Carvana Stock Performance

Shares of CVNA stock opened at $66.56 on Friday. The company has a fifty day moving average price of $71.54 and a two-hundred day moving average price of $75.15. Carvana Co. has a one year low of $54.46 and a one year high of $97.38. The stock has a market cap of $73.01 billion, a P/E ratio of 40.49, a P/E/G ratio of 10.61 and a beta of 3.45. The company has a debt-to-equity ratio of 1.05, a current ratio of 4.09 and a quick ratio of 2.57.

Carvana (NYSE:CVNA) last released its quarterly earnings data on Wednesday, April 29th. The company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $0.32 by $1.37. The company had revenue of $6.43 billion for the quarter, compared to analyst estimates of $6.12 billion. Carvana had a net margin of 6.40% and a return on equity of 41.46%. As a group, equities analysts predict that Carvana Co. will post 1.58 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Wells Fargo & Company raised their price objective on Carvana from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $107.40 price target on shares of Carvana in a research note on Thursday, April 30th. Weiss Ratings downgraded Carvana from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, March 24th. Robert W. Baird set a $88.00 price objective on shares of Carvana in a research report on Friday, May 15th. Finally, Morgan Stanley upped their price objective on shares of Carvana from $90.00 to $102.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $93.14.

Hedge Funds Weigh In On Carvana

A number of large investors have recently made changes to their positions in CVNA. Gavilan Investment Partners LLC acquired a new position in Carvana in the 3rd quarter valued at $26,030,000. Sands Capital Management LLC grew its holdings in shares of Carvana by 44.4% during the 4th quarter. Sands Capital Management LLC now owns 2,442,534 shares of the company’s stock worth $1,030,798,000 after purchasing an additional 751,019 shares in the last quarter. Intech Investment Management LLC grew its holdings in shares of Carvana by 301.4% during the 3rd quarter. Intech Investment Management LLC now owns 7,230 shares of the company’s stock worth $2,727,000 after purchasing an additional 5,429 shares in the last quarter. TD Asset Management Inc increased its position in shares of Carvana by 5.2% in the third quarter. TD Asset Management Inc now owns 133,811 shares of the company’s stock worth $50,479,000 after purchasing an additional 6,643 shares during the period. Finally, Picton Mahoney Asset Management raised its stake in Carvana by 581.4% in the third quarter. Picton Mahoney Asset Management now owns 16,491 shares of the company’s stock valued at $6,220,000 after purchasing an additional 14,071 shares in the last quarter. Institutional investors own 56.71% of the company’s stock.

Carvana News Summary

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Carvana is pushing deeper into new-car sales with its Dallas “car playground” concept and plans to acquire seven Stellantis dealerships, which could expand its addressable market and support longer-term growth. Carvana (CVNA) Stock Could Be 45.6% Undervalued After Dallas Launch And Dealership Deal
• Positive Sentiment: Commentary around Carvana’s new sales model has highlighted customer convenience and innovation, which may be helping sentiment around the company’s long-term strategy. Carvana opens ‘car playground’ for easy test drive booking
• Positive Sentiment: Some analysts continue to argue that CVNA remains undervalued relative to its growth and operational improvements, with bullish reports pointing to expanding margins and strong execution. Carvana: 40% Growth, Expanding Margins, And More Upside Ahead
• Neutral Sentiment: Carvana’s insider activity included a director sale of 15,000 shares, but the transaction was relatively small compared with the executive’s remaining stake and does not by itself signal a major fundamental change. SEC Form 4 filing for Ira J. Platt
• Negative Sentiment: Bearish articles are warning that Carvana’s rally may have run ahead of fundamentals, citing valuation risk and the potential for a “bull trap” if growth expectations cool. Carvana’s Triple-Top Bull-Trap Plays Out – Inflated Valuation Risks Remain
• Negative Sentiment: Peer CarMax’s earnings update raised concerns about used-car margin pressure, weaker volumes, and credit risk, which spilled over into CVNA and weighed on sentiment across the auto retail group. Carvana Stock Falls As CarMax Warns Of Persistent Low Margins

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.