Carvana (NYSE:CVNA) Stock: Insider Thomas Taira Sells 5,597 Shares

Carvana Co. (NYSE:CVNA) insider Thomas Taira sold 5,597 shares of Carvana stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $65.00, for a total value of $363,805.00. Following the completion of the transaction, the insider directly owned 357,442 shares in the company, valued at $23,233,730. This represents a 1.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, September 14th, Thomas Taira sold 16,789 shares of Carvana stock. The stock was sold at an average price of $70.58, for a total transaction of $1,184,967.62.

Carvana Trading Up 1.6%

CVNA traded up $0.94 on Tuesday, reaching $60.45. 9,319,033 shares of the company’s stock were exchanged, compared to its average volume of 13,209,336. The company’s 50 day moving average is $68.82 and its 200-day moving average is $68.62. The company has a market cap of $66.52 billion, a price-to-earnings ratio of 33.43, a PEG ratio of 1.84 and a beta of 3.55. Carvana Co. has a twelve month low of $54.46 and a twelve month high of $97.38. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.33 and a current ratio of 3.93.

Carvana (NYSE:CVNA) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. Carvana had a net margin of 6.26% and a return on equity of 37.06%. The firm had revenue of $7.38 billion for the quarter, compared to analysts’ expectations of $6.90 billion. During the same period in the previous year, the company posted $1.51 earnings per share. Carvana’s revenue was up 52.4% compared to the same quarter last year. Equities analysts predict that Carvana Co. will post 1.67 earnings per share for the current year.

Hedge Funds Weigh In On Carvana

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. SJS Investment Consulting Inc. raised its stake in Carvana by 29.8% during the first quarter. SJS Investment Consulting Inc. now owns 183 shares of the company’s stock worth $58,000 after acquiring an additional 42 shares during the period. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in Carvana by 152.6% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 96 shares of the company’s stock worth $30,000 after acquiring an additional 58 shares during the last quarter. Meeder Advisory Services Inc. lifted its holdings in Carvana by 3.9% in the first quarter. Meeder Advisory Services Inc. now owns 1,993 shares of the company’s stock worth $627,000 after acquiring an additional 75 shares during the last quarter. Motiv8 Investments LLC bought a new position in Carvana in the fourth quarter worth about $33,000. Finally, Ascentis Independent Advisors acquired a new position in Carvana in the first quarter valued at approximately $26,000. Hedge funds and other institutional investors own 56.71% of the company’s stock.

Analyst Ratings Changes

CVNA has been the topic of several recent research reports. Jefferies Financial Group set a $88.00 target price on shares of Carvana and gave the company a “buy” rating in a report on Tuesday, September 29th. Zacks Research cut shares of Carvana from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Citizens Jmp decreased their price target on shares of Carvana from $103.00 to $83.00 and set a “market outperform” rating for the company in a research report on Thursday, July 30th. Wells Fargo & Company set a $80.00 price target on Carvana and gave the company an “overweight” rating in a report on Thursday, July 30th. Finally, Robert W. Baird set a $72.00 price objective on Carvana in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $83.13.

About Carvana

Carvana Co is an online used-car retailer that enables customers to research, purchase, finance, trade in and sell vehicles through its digital platform. The company’s services are designed to allow customers to complete much of the vehicle-buying process online, including selecting a vehicle, arranging financing, completing documentation and scheduling delivery or pickup.

Carvana offers a broad selection of used cars, trucks and sport utility vehicles. Its platform includes vehicle listings with photographs and inspection information, while its operations support vehicle reconditioning, logistics and customer delivery.