Carvana Co. (NYSE:CVNA) Insider Ryan S. Keeton Sells 14,686 Shares

Carvana Co. (NYSE:CVNA) insider Ryan S. Keeton sold 14,686 shares of Carvana stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $114.02, for a total value of $1,674,497.72. Following the sale, the insider now directly owns 172,570 shares in the company, valued at $19,676,431.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Carvana Stock Down 1.9 %

Shares of Carvana stock traded down $2.27 during trading on Wednesday, reaching $114.39. The company’s stock had a trading volume of 3,649,464 shares, compared to its average volume of 6,279,654. The company has a market cap of $23.10 billion, a price-to-earnings ratio of 51.17 and a beta of 3.28. The firm’s 50-day moving average is $83.59 and its two-hundred day moving average is $57.44. Carvana Co. has a 52-week low of $10.16 and a 52-week high of $129.00.

Carvana (NYSE:CVNA) last announced its quarterly earnings results on Thursday, February 22nd. The company reported ($1.00) EPS for the quarter, missing analysts’ consensus estimates of ($0.95) by ($0.05). The business had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.56 billion. Carvana’s revenue for the quarter was down 14.6% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.97) earnings per share. On average, equities research analysts anticipate that Carvana Co. will post -3.05 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Wells Fargo & Company raised their target price on Carvana from $60.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 2nd. JPMorgan Chase & Co. raised shares of Carvana from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $70.00 to $130.00 in a research report on Thursday, May 2nd. Royal Bank of Canada increased their price target on Carvana from $90.00 to $130.00 and gave the company a “sector perform” rating in a research report on Thursday, May 2nd. JMP Securities lifted their target price on shares of Carvana from $80.00 to $135.00 and gave the stock a “market outperform” rating in a research report on Friday, May 3rd. Finally, Robert W. Baird lifted their target price on Carvana from $65.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Carvana presently has an average rating of “Hold” and a consensus target price of $73.44.

Institutional Trading of Carvana

Large investors have recently bought and sold shares of the company. Parallel Advisors LLC boosted its position in shares of Carvana by 39.0% during the fourth quarter. Parallel Advisors LLC now owns 692 shares of the company’s stock valued at $37,000 after purchasing an additional 194 shares in the last quarter. Diversified Trust Co boosted its holdings in shares of Carvana by 6.0% during the 4th quarter. Diversified Trust Co now owns 5,659 shares of the company’s stock valued at $300,000 after buying an additional 319 shares in the last quarter. Arizona State Retirement System grew its position in shares of Carvana by 1.5% in the 3rd quarter. Arizona State Retirement System now owns 25,698 shares of the company’s stock worth $1,079,000 after buying an additional 377 shares during the period. Sequoia Financial Advisors LLC lifted its position in Carvana by 11.9% during the 1st quarter. Sequoia Financial Advisors LLC now owns 4,687 shares of the company’s stock valued at $412,000 after acquiring an additional 500 shares during the period. Finally, Blue Trust Inc. bought a new stake in Carvana during the fourth quarter worth about $29,000. 56.71% of the stock is owned by institutional investors.

About Carvana

Carvana Co, together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States. Its platform allows customers to research and identify a vehicle; inspect it using company's 360-degree vehicle imaging technology; obtain financing and warranty coverage; purchase the vehicle; and schedule delivery or pick-up from their desktop or mobile devices.