Thomas Taira Sells 10,000 Shares of Carvana (NYSE:CVNA) Stock

Carvana Co. (NYSE:CVNA) insider Thomas Taira sold 10,000 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $475.00, for a total transaction of $4,750,000.00. Following the sale, the insider owned 69,880 shares of the company’s stock, valued at $33,193,000. This represents a 12.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, December 8th, Thomas Taira sold 30,952 shares of Carvana stock. The shares were sold at an average price of $435.96, for a total transaction of $13,493,833.92.
• On Wednesday, December 3rd, Thomas Taira sold 25,000 shares of Carvana stock. The shares were sold at an average price of $400.00, for a total transaction of $10,000,000.00.
• On Friday, November 28th, Thomas Taira sold 10,000 shares of Carvana stock. The stock was sold at an average price of $375.01, for a total value of $3,750,100.00.
• On Monday, November 10th, Thomas Taira sold 952 shares of Carvana stock. The shares were sold at an average price of $325.00, for a total value of $309,400.00.

Carvana Trading Down 3.5%

CVNA opened at $455.95 on Friday. Carvana Co. has a one year low of $148.25 and a one year 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 business has a 50 day simple moving average of $353.83 and a two-hundred day simple moving average of $351.18. The firm has a market capitalization of $99.19 billion, a price-to-earnings ratio of 104.10, a PEG ratio of 1.65 and a beta of 3.51.

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

Analyst Upgrades and Downgrades

CVNA has been the topic of a number of research analyst reports. Zacks Research downgraded shares of Carvana from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Stephens reaffirmed an “overweight” rating and set a $440.00 target price on shares of Carvana in a research note on Tuesday, September 23rd. Jefferies Financial Group increased their price target on shares of Carvana from $475.00 to $550.00 and gave the stock a “buy” rating in a research note on Thursday. Needham & Company LLC restated a “buy” rating and issued a $500.00 price objective on shares of Carvana in a report on Monday, November 17th. Finally, JPMorgan Chase & Co. upped their target price on Carvana from $425.00 to $490.00 and gave the stock an “overweight” rating in a report on Tuesday, October 21st. Eighteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $438.76.

Institutional Investors Weigh In On Carvana

A number of hedge funds and other institutional investors have recently bought and sold shares of CVNA. Hilltop National Bank purchased a new stake in shares of Carvana in the 2nd quarter worth approximately $25,000. Brooklyn Investment Group boosted its holdings in Carvana by 961.5% in the first quarter. Brooklyn Investment Group now owns 138 shares of the company’s stock worth $29,000 after acquiring an additional 125 shares in the last quarter. ORG Partners LLC grew its stake in shares of Carvana by 8,700.0% in the third quarter. ORG Partners LLC now owns 88 shares of the company’s stock worth $33,000 after acquiring an additional 87 shares during the last quarter. SJS Investment Consulting Inc. grew its stake in shares of Carvana by 960.0% in the second quarter. SJS Investment Consulting Inc. now owns 106 shares of the company’s stock worth $36,000 after acquiring an additional 96 shares during the last quarter. Finally, Steigerwald Gordon & Koch Inc. bought a new position in shares of Carvana during the third quarter valued at $38,000. Hedge funds and other institutional investors own 56.71% of the company’s stock.

Carvana Company Profile

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.