Carvana Co (NYSE:CVNA) Director Ira J. Platt Sells 10,700 Shares

Share on StockTwits

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.

Several hedge funds and other institutional investors have recently made changes to their positions in CVNA. Keybank National Association OH lifted its holdings in Carvana by 1.5% during the 1st quarter. Keybank National Association OH now owns 9,759 shares of the company’s stock worth $567,000 after purchasing an additional 141 shares in the last quarter. D.A. Davidson & CO. boosted its stake in Carvana by 2.6% in the 2nd quarter. D.A. Davidson & CO. now owns 5,700 shares of the company’s stock worth $357,000 after purchasing an additional 145 shares during the period. Natixis Advisors L.P. grew its holdings in Carvana by 2.4% during the 2nd quarter. Natixis Advisors L.P. now owns 12,304 shares of the company’s stock valued at $770,000 after buying an additional 293 shares in the last quarter. Resources Investment Advisors LLC. grew its holdings in Carvana by 150.0% during the 2nd quarter. Resources Investment Advisors LLC. now owns 500 shares of the company’s stock valued at $31,000 after buying an additional 300 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its position in shares of Carvana by 12.9% during the second quarter. Commonwealth Equity Services LLC now owns 4,242 shares of the company’s stock valued at $265,000 after buying an additional 486 shares during the period. Institutional investors own 37.05% of the company’s stock.

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.

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 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.

Further Reading: What is meant by buying and selling pressure?

Insider Buying and Selling by Quarter for Carvana (NYSE:CVNA)

Receive News & Ratings for Carvana Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carvana and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Clal Insurance Enterprises Holdings Ltd Has $13.35 Million Stock Holdings in DBX ETF TR/X-TRACKERS MSCI JAP
Clal Insurance Enterprises Holdings Ltd Has $13.35 Million Stock Holdings in DBX ETF TR/X-TRACKERS MSCI JAP
ISHARES TR/3-7 YR TREAS BD ETF  is Lyons Wealth Management LLC.’s 2nd Largest Position
ISHARES TR/3-7 YR TREAS BD ETF is Lyons Wealth Management LLC.’s 2nd Largest Position
Nanometrics  Lifted to Hold at BidaskClub
Nanometrics Lifted to Hold at BidaskClub
Nasdaq  Downgraded by BidaskClub
Nasdaq Downgraded by BidaskClub
NetScout Systems  Raised to “Hold” at BidaskClub
NetScout Systems Raised to “Hold” at BidaskClub
Intellia Therapeutics  Raised to Hold at BidaskClub
Intellia Therapeutics Raised to Hold at BidaskClub


© 2006-2019 Ticker Report