Carvana Co. (NYSE:CVNA - Get Free Report) shares traded up 8.3% during trading on Monday . The stock traded as high as $187.00 and last traded at $176.03. 1,880,589 shares changed hands during mid-day trading, a decline of 53% from the average session volume of 3,991,592 shares. The stock had previously closed at $162.57.
Analyst Ratings Changes
CVNA has been the topic of a number of analyst reports. Bank of America lowered their target price on shares of Carvana from $270.00 to $220.00 and set a "buy" rating on the stock in a report on Friday, March 14th. DA Davidson boosted their price objective on Carvana from $220.00 to $260.00 and gave the company a "neutral" rating in a research note on Thursday, February 20th. Stephens reissued an "overweight" rating and set a $300.00 price objective on shares of Carvana in a report on Monday, March 3rd. William Blair reaffirmed an "outperform" rating on shares of Carvana in a report on Thursday, February 20th. Finally, Wells Fargo & Company lowered their price target on shares of Carvana from $300.00 to $275.00 and set an "overweight" rating on the stock in a report on Monday, January 6th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $253.59.
Read Our Latest Stock Analysis on CVNA
Carvana Price Performance
The business's fifty day moving average price is $216.20 and its 200-day moving average price is $220.23. The company has a market capitalization of $44.11 billion, a P/E ratio of 131.79 and a beta of 3.61. The company has a current ratio of 3.64, a quick ratio of 2.12 and a debt-to-equity ratio of 3.82.
Carvana (NYSE:CVNA - Get Free Report) last issued its quarterly earnings results 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. The firm had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.32 billion. Carvana had a return on equity of 36.59% and a net margin of 1.54%. As a group, sell-side analysts predict that Carvana Co. will post 2.85 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Carvana news, CFO Mark W. Jenkins sold 10,000 shares of the business's stock in a transaction 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 sale, the chief financial officer now directly owns 219,962 shares of the company's stock, valued at $55,016,895.44. The trade was a 4.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Paul W. Breaux sold 1,362 shares of the firm's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $270.08, for a total value of $367,848.96. Following the transaction, the insider now directly owns 153,240 shares in the company, valued at $41,387,059.20. This trade represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 330,810 shares of company stock valued at $69,243,820 over the last quarter. 16.36% of the stock is owned by corporate insiders.
Institutional Trading of Carvana
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Captrust Financial Advisors purchased a new position in shares of Carvana in the third quarter worth $270,000. Stifel Financial Corp increased its position in shares of Carvana by 65.3% in the third quarter. Stifel Financial Corp now owns 5,434 shares of the company's stock valued at $946,000 after acquiring an additional 2,147 shares during the period. National Bank of Canada FI raised its stake in shares of Carvana by 47.7% during the third quarter. National Bank of Canada FI now owns 1,421 shares of the company's stock valued at $247,000 after acquiring an additional 459 shares during the last quarter. Orion Portfolio Solutions LLC purchased a new stake in shares of Carvana during the third quarter worth about $326,000. Finally, MML Investors Services LLC grew its stake in shares of 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 purchasing an additional 122 shares during the last quarter. Institutional investors own 56.71% of the company's stock.
About Carvana
(
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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.
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