Carvana Co. (NYSE:CVNA - Get Free Report) insider Thomas Taira sold 27,593 shares of the business's stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $225.03, for a total transaction of $6,209,252.79. Following the transaction, the insider now owns 179,673 shares of the company's stock, valued at $40,431,815.19. This trade represents a 13.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Carvana Stock Performance
CVNA stock traded up $0.45 during trading on Friday, hitting $204.40. The company had a trading volume of 2,713,100 shares, compared to its average volume of 3,915,977. The firm has a 50-day moving average price of $227.25 and a 200-day moving average price of $218.09. The company has a quick ratio of 2.12, a current ratio of 3.64 and a debt-to-equity ratio of 3.82. The firm has a market cap of $43.57 billion, a PE ratio of 130.19 and a beta of 3.56. Carvana Co. has a 1-year low of $67.61 and a 1-year high of $292.84.
Carvana (NYSE:CVNA - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $3.32 billion. On average, analysts expect that Carvana Co. will post 2.85 earnings per share for the current year.
Hedge Funds Weigh In On Carvana
A number of large investors have recently bought and sold shares of the company. Quent Capital LLC acquired a new position in shares of Carvana during the fourth quarter worth about $28,000. Global Retirement Partners LLC boosted its holdings in Carvana by 109.9% in the 4th quarter. Global Retirement Partners LLC now owns 149 shares of the company's stock valued at $30,000 after purchasing an additional 78 shares in the last quarter. Rialto Wealth Management LLC acquired a new position in Carvana during the 4th quarter worth approximately $31,000. ORG Wealth Partners LLC purchased a new position in shares of Carvana during the 4th quarter worth approximately $34,000. Finally, Versant Capital Management Inc acquired a new stake in shares of Carvana in the 4th quarter valued at approximately $42,000. Hedge funds and other institutional investors own 56.71% of the company's stock.
Analysts Set New Price Targets
CVNA has been the subject of a number of recent analyst reports. DA Davidson lifted their price target on Carvana from $220.00 to $260.00 and gave the stock a "neutral" rating in a report on Thursday, February 20th. Royal Bank of Canada boosted their target price on Carvana from $280.00 to $320.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. William Blair reiterated an "outperform" rating on shares of Carvana in a research note on Thursday, February 20th. Piper Sandler upgraded shares of Carvana from a "neutral" rating to an "overweight" rating and set a $225.00 price objective for the company in a research report on Thursday, March 20th. Finally, Morgan Stanley raised shares of Carvana from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $260.00 to $280.00 in a research report on Tuesday, March 25th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $261.53.
Check Out Our Latest Stock Report on Carvana
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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