Carvana (NYSE:CVNA) Trading Down 3.4% - Should You Sell?

Carvana Co. (NYSE:CVNA - Get Free Report)'s stock price was down 3.4% on Monday . The stock traded as low as $200.98 and last traded at $199.11. Approximately 559,863 shares traded hands during trading, a decline of 86% from the average daily volume of 4,068,046 shares. The stock had previously closed at $206.20.

Analyst Upgrades and Downgrades

CVNA has been the topic of a number of research analyst reports. Wedbush set a $250.00 target price on shares of Carvana and gave the company a "neutral" rating in a report on Wednesday, February 19th. Stephens restated an "overweight" rating and issued a $300.00 price objective on shares of Carvana in a research note on Monday, March 3rd. 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 report on Monday, January 6th. Robert W. Baird cut their price target on Carvana from $250.00 to $200.00 and set a "neutral" rating for the company in a report on Friday, April 4th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Carvana from $365.00 to $325.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, Carvana currently has a consensus rating of "Moderate Buy" and a consensus target price of $253.59.

Carvana Stock Performance

The company has a quick ratio of 2.12, a current ratio of 3.64 and a debt-to-equity ratio of 3.82. The firm has a market capitalization of $44.99 billion, a price-to-earnings ratio of 134.42 and a beta of 3.61. The business has a 50-day moving average price of $210.77 and a 200-day moving average price of $221.19.

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

Insider Activity at Carvana

In other news, insider Thomas Taira sold 27,593 shares of the company's stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $225.03, for a total value of $6,209,252.79. Following the completion of the transaction, the insider now owns 179,673 shares in the company, valued at approximately $40,431,815.19. This represents a 13.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Mark W. Jenkins sold 10,000 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $250.12, for a total value of $2,501,200.00. Following the completion of the transaction, the chief financial officer now directly owns 219,962 shares in the company, valued at approximately $55,016,895.44. The trade was a 4.35 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 330,810 shares of company stock valued at $69,243,820. 17.12% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Stifel Financial Corp boosted its stake in shares of Carvana by 65.3% during the 3rd quarter. Stifel Financial Corp now owns 5,434 shares of the company's stock valued at $946,000 after buying an additional 2,147 shares during the last quarter. Orion Portfolio Solutions LLC purchased a new position in Carvana during the 3rd quarter worth approximately $326,000. MML Investors Services LLC grew its position in Carvana by 3.0% in the third quarter. MML Investors Services LLC now owns 4,172 shares of the company's stock worth $726,000 after acquiring an additional 122 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Carvana during the 3rd quarter valued at $312,000. Finally, World Investment Advisors LLC acquired a new stake in shares of Carvana in the 3rd quarter valued at $2,009,000. 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.