Carvana (NYSE:CVNA) Stock: Insider Stephen Palmer Sells 5,000 Shares

Carvana Co. (NYSE:CVNA) VP Stephen Palmer sold 5,000 shares of the stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $71.71, for a total transaction of $358,550.00. Following the completion of the transaction, the vice president directly owned 112,840 shares of the company’s stock, valued at $8,091,756.40. This trade represents a 4.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Carvana Trading Up 9.0%

CVNA opened at $77.67 on Thursday. The company has a market cap of $85.47 billion, a P/E ratio of 35.78, a PEG ratio of 1.83 and a beta of 3.66. The company has a current ratio of 4.05, a quick ratio of 2.43 and a debt-to-equity ratio of 0.86. The company’s 50 day moving average is $65.85 and its 200-day moving average is $69.13. Carvana Co. has a 1-year low of $54.46 and a 1-year high of $97.38.

Carvana (NYSE:CVNA) last released its quarterly earnings data on Wednesday, October 28th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.05). The company had revenue of $8.04 billion for the quarter, compared to analyst estimates of $7.71 billion. Carvana had a return on equity of 34.77% and a net margin of 6.21%. Carvana’s revenue for the quarter was up 42.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.03 earnings per share. Equities research analysts predict that Carvana Co. will post 1.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Carvana

Institutional investors have recently added to or reduced their stakes in the business. Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of Carvana by 152.6% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 96 shares of the company’s stock worth $30,000 after purchasing an additional 58 shares during the period. Meeder Advisory Services Inc. boosted its stake in shares of Carvana by 3.9% in the 1st quarter. Meeder Advisory Services Inc. now owns 1,993 shares of the company’s stock valued at $627,000 after purchasing an additional 75 shares during the last quarter. Ascentis Independent Advisors acquired a new stake in shares of Carvana during the first quarter worth $26,000. Whipplewood Advisors LLC acquired a new stake in shares of Carvana during the first quarter worth $36,000. Finally, Root Financial Partners LLC increased its position in shares of Carvana by 114.1% during the first quarter. Root Financial Partners LLC now owns 289 shares of the company’s stock worth $91,000 after buying an additional 154 shares during the period. 56.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CVNA. DA Davidson reiterated a “neutral” rating and set a $67.00 price target on shares of Carvana in a report on Thursday, October 29th. BTIG Research set a $82.00 price objective on Carvana and gave the company a “buy” rating in a report on Thursday, October 29th. Needham & Company LLC cut their price objective on Carvana from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, October 29th. Citizens Jmp boosted their price objective on Carvana from $83.00 to $85.00 and gave the stock a “market outperform” rating in a research report on Friday, October 30th. Finally, Zacks Research cut Carvana from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $82.09.

Carvana News Summary

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Carvana’s latest quarterly revenue rose 42.4% year over year to $8.04 billion, topping estimates of $7.71 billion. However, EPS of $0.39 missed the $0.44 consensus, making the results mixed.
• Neutral Sentiment: VP Stephen Palmer sold 5,000 shares under a pre-arranged Rule 10b5-1 plan, which makes the transaction less informative about his current outlook. Palmer sale report
• Negative Sentiment: Insider selling was broader: Daniel Gill sold 253,639 shares—about 24.7% of his stake—for roughly $18.1 million, reportedly without a trading plan. The CFO and two directors also sold shares, adding to concerns about insider sentiment, though the filings do not explain their reasons. Gill sale report
• Negative Sentiment: A Yahoo Finance article asks whether Carvana stock could “crash from here,” highlighting downside concerns; the provided article details do not specify a particular new trigger. Carvana downside-risk article

About Carvana

Carvana Co (NYSE: CVNA) is an online automotive retailer that sells used vehicles through its digital platform. Customers can browse vehicles, review detailed descriptions and vehicle history information, arrange financing, complete transactions online and choose home delivery or pickup at a Carvana location.

The company also provides vehicle trade-in services and offers related products, including vehicle protection plans and other automotive services. Carvana is known for its automated, glass-enclosed vehicle vending machines, which provide an alternative pickup experience in select markets.

Founded in 2012 and headquartered in Tempe, Arizona, Carvana began operations as an online used-car retailer in 2013 and went public in 2017.