Carvana Co. (NYSE:CVNA) Insider Sells $3,000,000.00 in Stock

Carvana Co. (NYSE:CVNA) insider Thomas Taira sold 25,000 shares of the firm’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $120.00, for a total value of $3,000,000.00. Following the transaction, the insider now owns 161,397 shares in the company, valued at $19,367,640. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Thomas Taira also recently made the following trade(s):

• On Tuesday, June 18th, Thomas Taira sold 20,000 shares of Carvana stock. The shares were sold at an average price of $110.35, for a total value of $2,207,000.00.
• On Friday, June 14th, Thomas Taira sold 68,556 shares of Carvana stock. The shares were sold at an average price of $102.74, for a total value of $7,043,443.44.
• On Tuesday, April 2nd, Thomas Taira sold 4,197 shares of Carvana stock. The stock was sold at an average price of $82.84, for a total transaction of $347,679.48.

Carvana Trading Down 1.6 %

NYSE CVNA opened at $126.57 on Thursday. The stock’s 50 day moving average is $105.36 and its two-hundred day moving average is $77.18. The company has a market capitalization of $25.64 billion, a price-to-earnings ratio of 55.51 and a beta of 3.29. Carvana Co. has a 1-year low of $21.15 and a 1-year high of $131.41.

Carvana (NYSE:CVNA) last announced its earnings results on Wednesday, May 1st. The company reported ($0.41) EPS for the quarter, topping the consensus estimate of ($0.76) by $0.35. The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $2.72 billion. On average, analysts predict that Carvana Co. will post -0.75 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Blue Trust Inc. acquired a new position in shares of Carvana in the 4th quarter worth approximately $29,000. Parallel Advisors LLC lifted its holdings in Carvana by 39.0% during the 4th quarter. Parallel Advisors LLC now owns 692 shares of the company’s stock worth $37,000 after buying an additional 194 shares in the last quarter. Tidemark LLC acquired a new position in Carvana during the 4th quarter worth $50,000. Plato Investment Management Ltd acquired a new position in Carvana during the 1st quarter worth $55,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in Carvana during the 3rd quarter worth $64,000. 56.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. JMP Securities upped their price objective on shares of Carvana from $135.00 to $150.00 and gave the stock a “market outperform” rating in a report on Friday, June 7th. Wells Fargo & Company upped their price objective on shares of Carvana from $60.00 to $77.00 and gave the stock an “equal weight” rating in a report on Thursday, May 2nd. Wedbush reaffirmed a “neutral” rating and set a $120.00 price objective on shares of Carvana in a report on Wednesday. Needham & Company LLC reaffirmed a “hold” rating on shares of Carvana in a report on Wednesday. Finally, William Blair reaffirmed an “outperform” rating on shares of Carvana in a report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $87.29.

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.