Carvana Co. (NYSE:CVNA) COO Sells $10,366,000.00 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 31st. The shares were sold at an average price of $207.32, for a total transaction of $10,366,000.00. Following the completion of the transaction, the chief operating officer now directly owns 128,116 shares in the company, valued at $26,561,009.12. The trade was a 28.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Carvana Price Performance

CVNA stock traded up $8.12 during trading on Monday, reaching $170.69. 1,192,279 shares of the company were exchanged, compared to its average volume of 4,678,096. 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 stock's 50 day moving average price is $223.47 and its 200 day moving average price is $219.76. Carvana Co. has a 52-week low of $67.61 and a 52-week high of $292.84. The company has a market cap of $36.38 billion, a P/E ratio of 108.70 and a beta of 3.61.

Carvana (NYSE:CVNA - Get Free Report) last released 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. Carvana had a return on equity of 36.59% and a net margin of 1.54%. The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.32 billion. As a group, analysts predict that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

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Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CVNA shares. Evercore ISI decreased their target price on shares of Carvana from $250.00 to $240.00 and set an "in-line" rating for the company in a research note on Tuesday, March 11th. JPMorgan Chase & Co. decreased their price objective on Carvana from $365.00 to $325.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Robert W. Baird lowered their target price on Carvana from $250.00 to $200.00 and set a "neutral" rating on the stock in a research note on Friday. Royal Bank of Canada upped their price target on Carvana from $280.00 to $320.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Finally, Morgan Stanley raised Carvana from an "underweight" rating to an "overweight" rating in a report on Monday, March 31st. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Carvana currently has an average rating of "Moderate Buy" and an average price target of $258.59.

Institutional Trading of Carvana

Large investors have recently modified their holdings of the business. Whale Rock Capital Management LLC acquired a new position in shares of Carvana during the 3rd quarter worth approximately $162,953,000. Norges Bank purchased a new position in Carvana during the fourth quarter worth $179,364,000. Vanguard Group Inc. raised its holdings in shares of Carvana by 5.6% in the fourth quarter. Vanguard Group Inc. now owns 11,425,367 shares of the company's stock worth $2,323,463,000 after acquiring an additional 610,234 shares during the last quarter. Castle Hook Partners LP purchased a new stake in shares of Carvana in the fourth quarter valued at $116,020,000. Finally, Lord Abbett & CO. LLC boosted its stake in shares of Carvana by 1,454.1% during the third quarter. Lord Abbett & CO. LLC now owns 538,473 shares of the company's stock valued at $93,754,000 after acquiring an additional 503,824 shares during the last quarter. 56.71% of the stock is currently owned by institutional investors and hedge funds.

Carvana Company Profile

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.