Carvana (NYSE:CVNA) Stock Price Down 4.3% - Should You Sell?

Carvana Co. (NYSE:CVNA - Get Free Report) traded down 4.3% during mid-day trading on Friday . The company traded as low as $236.53 and last traded at $236.68. 1,011,664 shares traded hands during trading, a decline of 79% from the average session volume of 4,811,665 shares. The stock had previously closed at $247.31.

Analyst Ratings Changes

Several brokerages have recently issued reports on CVNA. JMP Securities lifted their price target on Carvana from $200.00 to $320.00 and gave the company a "market outperform" rating in a research report on Thursday. Citigroup lifted their target price on Carvana from $125.00 to $195.00 and gave the stock a "neutral" rating in a report on Thursday, October 3rd. TD Cowen upped their price target on shares of Carvana from $110.00 to $148.00 and gave the company a "hold" rating in a report on Thursday, August 1st. Bank of America lifted their price objective on shares of Carvana from $185.00 to $210.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. Finally, Needham & Company LLC boosted their target price on shares of Carvana from $200.00 to $300.00 and gave the stock a "buy" rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Carvana has an average rating of "Hold" and an average target price of $208.88.

Carvana Trading Down 7.4 %

The company has a market cap of $47.39 billion, a PE ratio of 22,901.00 and a beta of 3.44. The company has a debt-to-equity ratio of 47.20, a quick ratio of 2.02 and a current ratio of 3.11. The company has a 50 day simple moving average of $174.33 and a two-hundred day simple moving average of $137.76.

Carvana (NYSE:CVNA - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.64 earnings per share 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 analyst estimates of $3.47 billion. The firm's quarterly revenue was up 31.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.23 EPS. Sell-side analysts forecast that Carvana Co. will post 0.26 EPS for the current year.

Insider Activity at Carvana

In related news, major shareholder Ernest C. Garcia II sold 100,000 shares of the business's stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $148.68, for a total value of $14,868,000.00. Following the completion of the sale, the insider now owns 690,814 shares of the company's stock, valued at approximately $102,710,225.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Carvana news, insider Daniel J. Gill sold 41,163 shares of the business's stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $200.11, for a total value of $8,237,127.93. Following the completion of the sale, the insider now owns 283,287 shares of the company's stock, valued at $56,688,561.57. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Ernest C. Garcia II sold 100,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $148.68, for a total value of $14,868,000.00. Following the transaction, the insider now directly owns 690,814 shares in the company, valued at approximately $102,710,225.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,705,891 shares of company stock valued at $455,601,985. Insiders own 17.12% of the company's stock.

Institutional Trading of Carvana

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Carvana by 2.7% in the first quarter. Vanguard Group Inc. now owns 10,290,551 shares of the company's stock worth $904,642,000 after acquiring an additional 266,972 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Carvana by 39.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,459,065 shares of the company's stock worth $655,727,000 after purchasing an additional 2,112,463 shares during the last quarter. Lingotto Investment Management LLP increased its holdings in shares of Carvana by 1.4% during the 2nd quarter. Lingotto Investment Management LLP now owns 3,776,747 shares of the company's stock worth $486,143,000 after purchasing an additional 52,833 shares during the period. Renaissance Technologies LLC raised its position in shares of Carvana by 12.2% during the second quarter. Renaissance Technologies LLC now owns 813,400 shares of the company's stock valued at $104,701,000 after buying an additional 88,500 shares during the last quarter. Finally, Driehaus Capital Management LLC lifted its stake in shares of Carvana by 124.9% in the second quarter. Driehaus Capital Management LLC now owns 581,787 shares of the company's stock valued at $74,888,000 after buying an additional 323,153 shares during the period. 56.71% of the stock is owned by institutional investors.

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.