Carvana Co. (NYSE:CVNA - Get Free Report)'s share price rose 4% during trading on Friday . The company traded as high as $192.98 and last traded at $192.81. Approximately 2,131,848 shares were traded during trading, a decline of 45% from the average daily volume of 3,841,689 shares. The stock had previously closed at $185.42.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on CVNA shares. JMP Securities restated a "market outperform" rating and issued a $320.00 price target on shares of Carvana in a research note on Monday, December 16th. Robert W. Baird boosted their target price on shares of Carvana from $200.00 to $250.00 and gave the stock a "neutral" rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. increased their price target on Carvana from $350.00 to $365.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Needham & Company LLC restated a "buy" rating and set a $340.00 price objective on shares of Carvana in a research report on Friday, March 7th. Finally, DA Davidson upped their target price on Carvana from $220.00 to $260.00 and gave the stock a "neutral" rating in a report on Thursday, February 20th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $263.88.
Read Our Latest Research Report on CVNA
Carvana Price Performance
The firm has a 50 day moving average of $227.95 and a two-hundred day moving average of $215.96. The company has a market cap of $46.87 billion, a PE ratio of 140.09 and a beta of 3.56. 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 earnings results on Wednesday, February 19th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.29 by $0.27. The business had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.32 billion. Carvana had a return on equity of 36.59% and a net margin of 1.54%. Research analysts predict that Carvana Co. will post 2.85 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, CFO Mark W. Jenkins sold 28,422 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $288.85, for a total value of $8,209,694.70. Following the sale, the chief financial officer now directly owns 219,962 shares in the company, valued at approximately $63,536,023.70. The trade was a 11.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Benjamin E. Huston sold 50,000 shares of the firm's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $178.49, for a total transaction of $8,924,500.00. Following the completion of the transaction, the chief operating officer now directly owns 196,278 shares of the company's stock, valued at approximately $35,033,660.22. This trade represents a 20.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 119,784 shares of company stock worth $27,524,344 over the last quarter. 17.12% of the stock is currently owned by corporate insiders.
Institutional Trading of Carvana
Institutional investors have recently bought and sold shares of the stock. Quent Capital LLC bought a new stake in shares of Carvana during the fourth quarter worth $28,000. Global Retirement Partners LLC lifted its holdings in Carvana by 109.9% during the 4th quarter. Global Retirement Partners LLC now owns 149 shares of the company's stock valued at $30,000 after buying an additional 78 shares in the last quarter. Rialto Wealth Management LLC purchased a new stake in Carvana in the 4th quarter valued at about $31,000. ORG Wealth Partners LLC purchased a new stake in Carvana in the 4th quarter valued at about $34,000. Finally, Versant Capital Management Inc bought a new position in Carvana in the 4th quarter worth about $42,000. 56.71% of the stock is currently owned by institutional investors.
About Carvana
(
Get Free Report)
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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