Carvana Co. (NYSE:CVNA) COO Benjamin E. Huston Sells 50,000 Shares

Carvana Co. (NYSE:CVNA - Get Free Report) COO Benjamin E. Huston sold 50,000 shares of Carvana stock in a transaction on Friday, March 14th. The stock was sold at an average price of $178.49, for a total value of $8,924,500.00. Following the completion of the sale, the chief operating officer now directly owns 196,278 shares of the company's stock, valued at $35,033,660.22. The trade was a 20.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Carvana Trading Up 3.2 %

Carvana stock traded up $5.96 during trading on Friday, reaching $191.38. 6,168,882 shares of the company were exchanged, compared to its average volume of 3,856,951. Carvana Co. has a 52-week low of $67.61 and a 52-week high of $292.84. The company has a market capitalization of $40.80 billion, a P/E ratio of 121.90 and a beta of 3.56. The stock's 50 day simple moving average is $227.61 and its two-hundred day simple moving average is $214.18. The company has a debt-to-equity ratio of 3.82, a current ratio of 3.64 and a quick ratio of 2.12.

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

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Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CVNA. Stephens restated an "overweight" rating and set a $300.00 target price on shares of Carvana in a research note on Monday, March 3rd. Wedbush set a $250.00 price objective on Carvana and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. Wells Fargo & Company decreased their target price on Carvana from $300.00 to $275.00 and set an "overweight" rating on the stock in a research note on Monday, January 6th. JPMorgan Chase & Co. upped their price target on Carvana from $350.00 to $365.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. Finally, Royal Bank of Canada lifted their price objective on shares of Carvana from $280.00 to $320.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $262.71.

Hedge Funds Weigh In On Carvana

Large investors have recently modified their holdings of the business. Sigma Planning Corp acquired a new position in Carvana during the third quarter worth $228,000. Sumitomo Mitsui Trust Group Inc. acquired a new stake in Carvana in the 3rd quarter valued at about $439,000. KBC Group NV raised its holdings in shares of Carvana by 23.1% in the 3rd quarter. KBC Group NV now owns 2,866 shares of the company's stock valued at $499,000 after purchasing an additional 538 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in Carvana by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 3,366 shares of the company's stock worth $586,000 after buying an additional 115 shares during the last quarter. Finally, Empowered Funds LLC acquired a new stake in shares of Carvana during the 3rd quarter worth about $494,000. Institutional investors and hedge funds own 56.71% of the company's stock.

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.