Paul Breaux Sells 8,473 Shares of Carvana (NYSE:CVNA) Stock

Carvana Co. (NYSE:CVNA) insider Paul Breaux sold 8,473 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $475.00, for a total transaction of $4,024,675.00. Following the completion of the transaction, the insider directly owned 69,289 shares of the company’s stock, valued at $32,912,275. The trade was a 10.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Carvana Stock Performance

Shares of NYSE CVNA opened at $455.95 on Friday. The company has a market cap of $99.19 billion, a PE ratio of 104.10, a price-to-earnings-growth ratio of 1.65 and a beta of 3.51. Carvana Co. has a 12 month low of $148.25 and a 12 month high of $485.33. The company has a debt-to-equity ratio of 1.63, a current ratio of 4.05 and a quick ratio of 2.55. The company has a 50-day simple moving average of $353.83 and a 200-day simple moving average of $351.18.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Wedbush upgraded Carvana from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $380.00 to $400.00 in a report on Monday, November 24th. Zacks Research lowered Carvana from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. BTIG Research restated a “buy” rating and issued a $450.00 price target on shares of Carvana in a report on Thursday, October 30th. JPMorgan Chase & Co. increased their price objective on shares of Carvana from $425.00 to $490.00 and gave the stock an “overweight” rating in a report on Tuesday, October 21st. Finally, UBS Group assumed coverage on shares of Carvana in a report on Monday, December 1st. They issued a “buy” rating and a $450.00 target price for the company. Eighteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Carvana currently has an average rating of “Moderate Buy” and a consensus price target of $438.76.

Hedge Funds Weigh In On Carvana

Several hedge funds and other institutional investors have recently modified their holdings of the company. Hilltop National Bank purchased a new stake in Carvana during the second quarter worth approximately $25,000. Brooklyn Investment Group lifted its holdings 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 acquiring an additional 125 shares in the last quarter. ORG Partners LLC boosted its position in Carvana by 8,700.0% during the 3rd quarter. ORG Partners LLC now owns 88 shares of the company’s stock worth $33,000 after purchasing an additional 87 shares during the period. SJS Investment Consulting Inc. increased its holdings in Carvana by 960.0% in the 2nd quarter. SJS Investment Consulting Inc. now owns 106 shares of the company’s stock valued at $36,000 after purchasing an additional 96 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. purchased a new position in Carvana in the third quarter valued at about $38,000. 56.71% of the stock is owned by institutional investors and hedge funds.

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.