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

Carvana Co. (NYSE:CVNAGet Free Report) COO Benjamin Huston sold 10,000 shares of Carvana stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $309.86, for a total transaction of $3,098,600.00. Following the completion of the transaction, the chief operating officer directly owned 92,924 shares in the company, valued at $28,793,430.64. The trade was a 9.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Carvana Stock Up 0.0%

CVNA stock opened at $313.99 on Friday. The company has a market cap of $68.72 billion, a price-to-earnings ratio of 39.05 and a beta of 3.61. The company has a fifty day moving average price of $342.93 and a 200 day moving average price of $371.96. The company has a debt-to-equity ratio of 1.15, a current ratio of 4.31 and a quick ratio of 2.73. Carvana Co. has a 12 month low of $148.25 and a 12 month high of $486.89.

Carvana’s stock is scheduled to split on Thursday, May 7th. The 5-1 split was announced on Friday, March 13th. The newly issued shares will be distributed to shareholders after the market closes on Wednesday, May 6th.

Carvana (NYSE:CVNAGet Free Report) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $4.22 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $3.12. Carvana had a net margin of 6.92% and a return on equity of 50.96%. The company had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.24 billion. During the same period in the previous year, the business posted $0.56 earnings per share. Carvana’s quarterly revenue was up 58.0% on a year-over-year basis. Sell-side analysts expect that Carvana Co. will post 2.85 earnings per share for the current year.

Key Headlines Impacting Carvana

Here are the key news stories impacting Carvana this week:

Institutional Trading of Carvana

Several hedge funds have recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Carvana during the fourth quarter worth $29,000. Farmers & Merchants Investments Inc. acquired a new stake in Carvana in the fourth quarter valued at $29,000. Motiv8 Investments LLC acquired a new stake in Carvana in the fourth quarter valued at $33,000. Salomon & Ludwin LLC boosted its position in shares of Carvana by 112.5% during the 4th quarter. Salomon & Ludwin LLC now owns 85 shares of the company’s stock worth $37,000 after purchasing an additional 45 shares in the last quarter. Finally, ORG Partners LLC grew its stake in shares of 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. 56.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CVNA. UBS Group set a $485.00 price objective on Carvana in a research report on Friday, February 20th. Stephens restated an “overweight” rating and set a $519.00 price target on shares of Carvana in a research note on Thursday, February 19th. Gordon Haskett lowered their price objective on shares of Carvana from $435.00 to $350.00 and set a “hold” rating on the stock in a research report on Friday, February 20th. Bank of America dropped their price objective on shares of Carvana from $460.00 to $400.00 and set a “buy” rating on the stock in a research note on Thursday, February 19th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Carvana from $600.00 to $519.00 and set a “buy” rating for the company in a research report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $440.59.

Read Our Latest Stock Analysis on CVNA

Carvana Company Profile

(Get Free Report)

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.

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

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