Insider Selling: Carvana (NYSE:CVNA) Insider Sells 953 Shares of Stock

Carvana Co. (NYSE:CVNA) insider Thomas Taira sold 953 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $325.00, for a total value of $309,725.00. Following the transaction, the insider owned 64,997 shares in the company, valued at approximately $21,124,025. The trade was a 1.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, February 9th, Thomas Taira sold 1,047 shares of Carvana stock. The stock was sold at an average price of $398.54, for a total value of $417,271.38.
• On Thursday, January 8th, Thomas Taira sold 1,174 shares of Carvana stock. The shares were sold at an average price of $447.00, for a total value of $524,778.00.
• On Friday, December 12th, Thomas Taira sold 10,000 shares of Carvana stock. The shares were sold at an average price of $475.00, for a total value of $4,750,000.00.

Carvana Trading Down 2.9%

Shares of NYSE CVNA traded down $9.28 during mid-day trading on Wednesday, hitting $309.49. The stock had a trading volume of 2,524,673 shares, compared to its average volume of 4,174,792. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.73 and a current ratio of 4.31. Carvana Co. has a 1 year low of $148.25 and a 1 year high of $486.89. The business has a 50 day moving average price of $395.11 and a two-hundred day moving average price of $380.21. The firm has a market cap of $67.73 billion, a P/E ratio of 38.49 and a beta of 3.60.

Carvana (NYSE:CVNA) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $4.22 earnings per share for the quarter, beating the consensus estimate of $1.10 by $3.12. The business had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.24 billion. Carvana had a net margin of 6.92% and a return on equity of 50.96%. The firm’s revenue for the quarter was up 58.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.56 EPS. On average, equities analysts anticipate that Carvana Co. will post 2.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Carvana during the fourth quarter valued at approximately $29,000. Farmers & Merchants Investments Inc. bought a new position in Carvana in the fourth quarter worth $29,000. ORG Partners LLC raised its holdings in Carvana by 8,700.0% in the third quarter. ORG Partners LLC now owns 88 shares of the company’s stock worth $33,000 after purchasing an additional 87 shares in the last quarter. Motiv8 Investments LLC purchased a new position in Carvana during the fourth quarter valued at $33,000. Finally, Salomon & Ludwin LLC lifted its position in Carvana by 112.5% during the fourth quarter. Salomon & Ludwin LLC now owns 85 shares of the company’s stock valued at $37,000 after buying an additional 45 shares during the period. Institutional investors own 56.71% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on CVNA. Evercore cut their target price on Carvana from $430.00 to $390.00 in a research note on Thursday, February 19th. Wells Fargo & Company lowered their price target on Carvana from $525.00 to $425.00 and set an “overweight” rating for the company in a research report on Thursday, February 19th. Weiss Ratings upgraded Carvana from a “hold (c)” rating to a “buy (b-)” rating in a report on Thursday, February 19th. Deutsche Bank Aktiengesellschaft cut their price objective on Carvana from $600.00 to $519.00 and set a “buy” rating on the stock in a research report on Thursday, February 19th. Finally, Jefferies Financial Group decreased their target price on Carvana from $550.00 to $485.00 and set a “buy” rating for the company in a report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $440.59.

Carvana Company Profile

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.