Insider Selling: Carvana (NYSE:CVNA) Director Sells 14,525 Shares

by · The Markets Daily

Carvana Co. (NYSE:CVNA – Get Free Report) Director J Danforth Quayle sold 14,525 shares of Carvana stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $75.00, for a total transaction of $1,089,375.00. Following the sale, the director owned 214,960 shares in the company, valued at approximately $16,122,000. This trade represents a 6.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

J Danforth Quayle also recently made the following trade(s):

  • On Wednesday, June 10th, J Danforth Quayle sold 14,525 shares of Carvana stock. The stock was sold at an average price of $70.00, for a total transaction of $1,016,750.00.

Carvana Price Performance

CVNA traded down $5.48 during midday trading on Monday, reaching $70.11. 7,505,786 shares of the company’s stock were exchanged, compared to its average volume of 14,558,223. Carvana Co. has a one year low of $54.46 and a one year high of $97.38. The company has a quick ratio of 2.33, a current ratio of 3.93 and a debt-to-equity ratio of 0.94. The business has a 50-day simple moving average of $67.23 and a two-hundred day simple moving average of $69.18. The firm has a market capitalization of $77.15 billion, a price-to-earnings ratio of 38.78, a price-to-earnings-growth ratio of 2.75 and a beta of 3.46.

Carvana (NYSE:CVNA – Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.39 by $0.03. The business had revenue of $7.38 billion during the quarter, compared to the consensus estimate of $6.90 billion. Carvana had a return on equity of 37.06% and a net margin of 6.26%.Carvana’s revenue was up 52.4% on a year-over-year basis. During the same quarter last year, the company earned $1.51 EPS. As a group, research analysts predict that Carvana Co. will post 1.68 EPS for the current year.

Hedge Funds Weigh In On Carvana

A number of institutional investors and hedge funds have recently bought and sold shares of CVNA. Ascentis Independent Advisors bought a new stake in shares of Carvana during the first quarter worth $26,000. Farmers & Merchants Investments Inc. bought a new position in shares of Carvana in the fourth quarter valued at about $29,000. Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of Carvana by 152.6% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 96 shares of the company’s stock valued at $30,000 after buying an additional 58 shares during the last quarter. Transamerica Financial Advisors LLC lifted its position in Carvana by 558.0% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 454 shares of the company’s stock worth $30,000 after buying an additional 385 shares in the last quarter. Finally, Motiv8 Investments LLC bought a new stake in Carvana during the 4th quarter worth about $33,000. Institutional investors and hedge funds own 56.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CVNA. Citizens Jmp cut their price objective on Carvana from $103.00 to $83.00 and set a “market outperform” rating for the company in a report on Thursday, July 30th. BNP Paribas Exane lowered their target price on shares of Carvana from $86.00 to $69.00 and set a “hold” rating on the stock in a report on Thursday, July 30th. BTIG Research dropped their target price on shares of Carvana from $97.00 to $87.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. DA Davidson set a $67.00 price target on shares of Carvana in a report on Thursday, July 30th. Finally, Jefferies Financial Group reduced their price target on shares of Carvana from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Carvana has a consensus rating of “Moderate Buy” and an average target price of $84.14.

Check Out Our Latest Report on Carvana

About Carvana

(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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