Carvana Co (NYSE:CVNA) Director Ira J. Platt sold 10,700 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $84.51, for a total transaction of $904,257.00. Following the transaction, the director now directly owns 33,082 shares of the company’s stock, valued at $2,795,759.82. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
CVNA opened at $77.97 on Thursday. Carvana Co has a 12 month low of $28.44 and a 12 month high of $85.07. The company has a market cap of $11.79 billion, a PE ratio of -45.07 and a beta of 2.24. The company has a current ratio of 3.83, a quick ratio of 1.40 and a debt-to-equity ratio of 2.10. The company has a 50 day moving average of $75.05 and a 200 day moving average of $64.47.
Carvana (NYSE:CVNA) last issued its earnings results on Wednesday, August 7th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.01). The business had revenue of $986.22 million for the quarter, compared to the consensus estimate of $914.50 million. Carvana had a negative net margin of 3.49% and a negative return on equity of 30.55%. The company’s revenue was up 107.5% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.37) EPS. Research analysts forecast that Carvana Co will post -1.82 earnings per share for the current fiscal year.
A number of research firms recently commented on CVNA. Barrington Research reaffirmed a “hold” rating on shares of Carvana in a report on Monday, August 5th. JMP Securities increased their price objective on Carvana from $64.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. Cowen reissued an “outperform” rating and issued a $85.00 target price (up from $81.00) on shares of Carvana in a research report on Thursday, August 8th. Bank of America restated a “buy” rating and issued a $86.00 target price (up from $82.00) on shares of Carvana in a research note on Thursday, August 8th. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $30.00 price target (up previously from $22.00) on shares of Carvana in a research report on Thursday, August 8th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. Carvana presently has a consensus rating of “Hold” and an average price target of $73.64.
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 proprietary 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.
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