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

Carvana Co. (NYSE:CVNA) COO Benjamin Huston sold 10,000 shares of the stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $401.94, for a total value of $4,019,400.00. Following the transaction, the chief operating officer owned 99,871 shares of the company’s stock, valued at $40,142,149.74. This represents a 9.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Carvana Price Performance

Carvana stock opened at $430.43 on Tuesday. The company has a market cap of $93.64 billion, a price-to-earnings ratio of 98.27, a PEG ratio of 0.95 and a beta of 3.54. The firm’s fifty day moving average is $382.17 and its 200 day moving average is $364.18. The company has a quick ratio of 2.55, a current ratio of 4.05 and a debt-to-equity ratio of 1.63. Carvana Co. has a 52-week low of $148.25 and a 52-week high of $485.33.

Carvana (NYSE:CVNA) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $1.03 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 analysts’ expectations of $5.04 billion. During the same period in the previous year, the business earned $0.64 earnings per share. The business’s quarterly revenue was up 54.5% on a year-over-year basis. Sell-side analysts forecast that Carvana Co. will post 2.85 EPS for the current fiscal year.

Institutional Trading of Carvana

Large investors have recently made changes to their positions in the stock. Viking Global Investors LP grew its holdings in shares of Carvana by 94.9% in the third quarter. Viking Global Investors LP now owns 2,101,241 shares of the company’s stock worth $792,672,000 after purchasing an additional 1,023,265 shares during the last quarter. Sands Capital Management LLC boosted its position in Carvana by 1,374.3% in the 2nd quarter. Sands Capital Management LLC now owns 901,227 shares of the company’s stock valued at $303,677,000 after buying an additional 840,096 shares during the period. Norges Bank bought a new position in Carvana in the 2nd quarter worth about $259,468,000. Invesco Ltd. increased its position in shares of Carvana by 96.8% during the third quarter. Invesco Ltd. now owns 1,445,018 shares of the company’s stock worth $545,119,000 after acquiring an additional 710,582 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Carvana by 5.4% during the third quarter. Vanguard Group Inc. now owns 13,454,986 shares of the company’s stock worth $5,075,759,000 after acquiring an additional 690,756 shares during the period. 56.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CVNA has been the topic of a number of recent research reports. Morgan Stanley set a $450.00 price objective on Carvana in a research report on Monday, October 20th. Citigroup boosted their target price on Carvana from $445.00 to $550.00 and gave the company a “buy” rating in a research report on Friday, December 12th. Barclays increased their price target on Carvana from $390.00 to $465.00 and gave the company an “overweight” rating in a report on Wednesday, December 10th. Stephens reaffirmed an “overweight” rating and set a $440.00 price objective on shares of Carvana in a research note on Tuesday, September 23rd. Finally, DA Davidson set a $360.00 price objective on shares of Carvana in a research report on Thursday, October 30th. Nineteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $451.14.

About Carvana

Carvana Co is an online-only retailer of used vehicles that operates a consumer-facing e-commerce platform for buying and selling cars. The company markets and sells inspected, reconditioned pre-owned vehicles through its website, where shoppers can browse inventory, view detailed 360-degree photos and vehicle history reports, finance purchases, and arrange delivery or pickup. Carvana’s model is built around a digital end-to-end car buying experience that aims to simplify vehicle transactions compared with traditional dealerships.

Its products and services include direct retail sales of used cars, trade-in and purchase offers for consumer vehicles, vehicle financing and related protection products, and a seven-day return policy that allows customers to test a vehicle in everyday use.