Carvana Co. (NYSE:CVNA) COO Sells $10,517,500.00 in Stock

Carvana Co. (NYSE:CVNA - Get Free Report) COO Benjamin E. Huston sold 50,000 shares of Carvana stock in a transaction on Monday, March 24th. The stock was sold at an average price of $210.35, for a total value of $10,517,500.00. Following the completion of the sale, the chief operating officer now directly owns 146,278 shares of the company's stock, valued at $30,769,577.30. The trade was a 25.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Carvana Price Performance

Shares of Carvana stock traded up $0.45 on Friday, hitting $204.40. 2,713,100 shares of the company traded hands, compared to its average volume of 3,915,977. The company has a debt-to-equity ratio of 3.82, a quick ratio of 2.12 and a current ratio of 3.64. The business has a 50-day simple moving average of $227.25 and a 200 day simple moving average of $218.09. Carvana Co. has a 52 week low of $67.61 and a 52 week high of $292.84. The stock has a market capitalization of $43.57 billion, a P/E ratio of 130.19 and a beta of 3.56.

Carvana (NYSE:CVNA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.29 by $0.27. The business had revenue of $3.55 billion for the quarter, compared to analysts' expectations of $3.32 billion. Carvana had a net margin of 1.54% and a return on equity of 36.59%. Research analysts expect that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

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Wall Street Analyst Weigh In

CVNA has been the topic of a number of research reports. Royal Bank of Canada raised their price objective on shares of Carvana from $280.00 to $320.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. DA Davidson increased their price target on shares of Carvana from $220.00 to $260.00 and gave the stock a "neutral" rating in a research report on Thursday, February 20th. Needham & Company LLC reissued a "buy" rating and set a $340.00 price objective on shares of Carvana in a research report on Friday, March 7th. Citigroup raised their target price on Carvana from $277.00 to $320.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Finally, Stephens reissued an "overweight" rating and set a $300.00 price target on shares of Carvana in a report on Monday, March 3rd. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Carvana has an average rating of "Moderate Buy" and an average price target of $261.53.

Hedge Funds Weigh In On Carvana

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quent Capital LLC bought a new position in shares of Carvana during the 4th quarter valued at approximately $28,000. Global Retirement Partners LLC lifted its position in Carvana by 109.9% during the fourth quarter. Global Retirement Partners LLC now owns 149 shares of the company's stock valued at $30,000 after purchasing an additional 78 shares during the last quarter. Rialto Wealth Management LLC bought a new position in Carvana during the fourth quarter valued at $31,000. ORG Wealth Partners LLC purchased a new position in shares of Carvana in the 4th quarter worth $34,000. Finally, Versant Capital Management Inc bought a new stake in shares of Carvana in the 4th quarter worth about $42,000. 56.71% of the stock is owned by institutional investors.

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.