Benjamin Huston Sells 10,000 Shares of Carvana (NYSE:CVNA) Stock

Carvana Co. (NYSE:CVNA) COO Benjamin Huston sold 10,000 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $377.11, for a total transaction of $3,771,100.00. Following the sale, the chief operating officer directly owned 100,758 shares in the company, valued at $37,996,849.38. This trade represents a 9.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Carvana Trading Up 3.3%

NYSE CVNA opened at $394.94 on Thursday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 2.55 and a current ratio of 4.05. Carvana Co. has a one year low of $148.25 and a one year high of $413.33. The company has a 50-day simple moving average of $345.36 and a 200-day simple moving average of $344.35. The firm has a market capitalization of $85.92 billion, a PE ratio of 90.17, a price-to-earnings-growth ratio of 1.38 and a beta of 3.51.

Carvana (NYSE:CVNA) last issued its earnings results on Wednesday, October 29th. The company reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.26). Carvana had a return on equity of 30.62% and a net margin of 3.44%.The business had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.04 billion. During the same period in the prior year, the business earned $0.64 EPS. The business’s revenue was up 54.5% on a year-over-year basis. On average, equities analysts forecast that Carvana Co. will post 2.85 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CVNA. Hilltop National Bank bought a new stake in Carvana during the second quarter worth approximately $25,000. Brooklyn Investment Group increased its position in shares of Carvana by 961.5% during the 1st quarter. Brooklyn Investment Group now owns 138 shares of the company’s stock valued at $29,000 after purchasing an additional 125 shares during the period. ORG Partners LLC raised its stake in shares of Carvana by 8,700.0% in the 3rd quarter. ORG Partners LLC now owns 88 shares of the company’s stock worth $33,000 after buying an additional 87 shares in the last quarter. SJS Investment Consulting Inc. lifted its holdings in shares of Carvana by 960.0% in the second quarter. SJS Investment Consulting Inc. now owns 106 shares of the company’s stock valued at $36,000 after buying an additional 96 shares during the period. Finally, Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Carvana in the third quarter valued at $38,000. Institutional investors and hedge funds own 56.71% of the company’s stock.

Analysts Set New Price Targets

CVNA has been the subject of a number of analyst reports. Evercore ISI reduced their price objective on Carvana from $425.00 to $395.00 and set an “in-line” rating for the company in a research report on Thursday, October 30th. Bank of America reduced their price target on shares of Carvana from $405.00 to $385.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Morgan Stanley set a $450.00 price objective on shares of Carvana in a report on Monday, October 20th. JPMorgan Chase & Co. boosted their target price on shares of Carvana from $425.00 to $490.00 and gave the company an “overweight” rating in a research note on Tuesday, October 21st. Finally, UBS Group started coverage on shares of Carvana in a research report on Monday. They issued a “buy” rating and a $450.00 target price for the company. Eighteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $422.10.

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.