Carvana Co. (NYSE:CVNA) COO Benjamin E. Huston Sells 3,043 Shares

Carvana Co. (NYSE:CVNA - Get Free Report) COO Benjamin E. Huston sold 3,043 shares of the business's stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $240.00, for a total value of $730,320.00. Following the sale, the chief operating officer now directly owns 218,686 shares of the company's stock, valued at $52,484,640. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Carvana Price Performance

Shares of NYSE CVNA traded down $18.23 during mid-day trading on Friday, hitting $229.08. 5,858,754 shares of the company's stock traded hands, compared to its average volume of 4,834,488. The company has a market capitalization of $47.41 billion, a P/E ratio of 22,908.00 and a beta of 3.44. Carvana Co. has a 1 year low of $27.75 and a 1 year high of $259.39. The company has a debt-to-equity ratio of 47.20, a current ratio of 3.11 and a quick ratio of 2.02. The company's 50-day moving average is $174.33 and its two-hundred day moving average is $137.76.

Carvana (NYSE:CVNA - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.41. The company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.47 billion. Carvana's revenue for the quarter was up 31.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.23 earnings per share. On average, equities analysts anticipate that Carvana Co. will post 0.26 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. JMP Securities raised their target price on shares of Carvana from $200.00 to $320.00 and gave the stock a "market outperform" rating in a research note on Thursday. TD Cowen upped their target price on shares of Carvana from $110.00 to $148.00 and gave the stock a "hold" rating in a report on Thursday, August 1st. DA Davidson increased their price target on Carvana from $110.00 to $155.00 and gave the stock a "neutral" rating in a research note on Thursday, August 1st. Morgan Stanley boosted their price objective on Carvana from $75.00 to $110.00 and gave the company an "underweight" rating in a research report on Thursday, August 1st. Finally, Royal Bank of Canada upgraded Carvana to a "sector perform" rating and increased their target price for the stock from $166.00 to $170.00 in a research report on Monday, August 19th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $208.88.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new stake in Carvana in the third quarter worth about $40,000. Hanseatic Management Services Inc. raised its holdings in shares of Carvana by 23.3% in the third quarter. Hanseatic Management Services Inc. now owns 1,021 shares of the company's stock worth $178,000 after buying an additional 193 shares during the period. QRG Capital Management Inc. lifted its stake in shares of Carvana by 16.2% during the 3rd quarter. QRG Capital Management Inc. now owns 6,713 shares of the company's stock worth $1,169,000 after acquiring an additional 935 shares during the last quarter. Forum Financial Management LP boosted its holdings in Carvana by 3.8% during the 3rd quarter. Forum Financial Management LP now owns 2,071 shares of the company's stock valued at $361,000 after acquiring an additional 76 shares during the period. Finally, CacheTech Inc. bought a new position in Carvana in the 3rd quarter valued at $224,000. Institutional investors own 56.71% of the company's stock.

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.