Carvana (NYSE:CVNA) Director J Danforth Quayle Sells 27,655 Shares of Stock

Carvana Co. (NYSE:CVNA) Director J Quayle sold 27,655 shares of the company’s stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $72.97, for a total value of $2,017,985.35. Following the transaction, the director directly owned 187,305 shares of the company’s stock, valued at $13,667,645.85. The trade was a 12.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

J Danforth Quayle also recently made the following trade(s):

• On Friday, October 30th, J Quayle sold 14,520 shares of Carvana stock. The stock was sold at an average price of $68.88, for a total value of $1,000,137.60.
• On Friday, August 14th, J Quayle sold 14,525 shares of Carvana stock. The stock was sold at an average price of $75.00, for a total value of $1,089,375.00.

Carvana Price Performance

CVNA opened at $70.86 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.43 and a current ratio of 4.05. Carvana Co. has a 52-week low of $54.46 and a 52-week high of $97.38. The stock has a market capitalization of $78.18 billion, a PE ratio of 37.08, a price-to-earnings-growth ratio of 2.51 and a beta of 3.66. The stock’s 50 day moving average price is $65.81 and its 200-day moving average price is $68.58.

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

Wall Street Analyst Weigh In

CVNA has been the topic of a number of research analyst reports. DA Davidson reissued a “neutral” rating and set a $67.00 price objective on shares of Carvana in a research report on Thursday, October 29th. Deutsche Bank reaffirmed a “buy” rating and issued a $85.00 target price on shares of Carvana in a research report on Thursday, October 29th. Morgan Stanley reaffirmed an “overweight” rating on shares of Carvana in a research note on Thursday, October 29th. BNP Paribas Exane reduced their price target on shares of Carvana from $69.00 to $67.00 and set a “neutral” rating on the stock in a research report on Thursday, October 29th. Finally, Citizens Jmp boosted their price target on shares of Carvana from $83.00 to $85.00 and gave the company a “market outperform” rating in a research report on Friday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $82.09.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CVNA. Ascentis Independent Advisors bought a new stake in shares of Carvana in the 1st quarter worth approximately $26,000. Annis Gardner Whiting Capital Advisors LLC increased its position in Carvana by 152.6% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 96 shares of the company’s stock valued at $30,000 after buying an additional 58 shares in the last quarter. Provenance Wealth Advisors LLC bought a new position in Carvana during the 3rd quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. increased its position in Carvana by 115.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 445 shares of the company’s stock valued at $28,000 after buying an additional 238 shares in the last quarter. Finally, Transamerica Financial Advisors LLC raised its stake in Carvana by 558.0% during the second quarter. Transamerica Financial Advisors LLC now owns 454 shares of the company’s stock valued at $30,000 after buying an additional 385 shares during the last quarter. 56.71% of the stock is currently owned by institutional investors.

About Carvana

Carvana Co. operates an online platform for buying and selling used cars. Customers can browse vehicle listings, arrange financing, value a trade-in, and complete much of the purchase process online. The company also offers vehicle delivery or pickup, including at some locations with its distinctive car vending machines. Founded in 2012, Carvana has expanded its operations across the United States. Its services and vehicle availability vary by market, and the company supports its online marketplace with inspection, reconditioning, and logistics operations.