Insider Selling: Carvana Co. (NYSE:CVNA) Major Shareholder Sells 15,814 Shares of Stock

Carvana Co. (NYSE:CVNA) major shareholder Ernest C. Garcia II sold 15,814 shares of the stock in a transaction on Friday, October 25th. The shares were sold at an average price of $201.16, for a total value of $3,181,144.24. Following the sale, the insider now directly owns 37,442,317 shares in the company, valued at $7,531,896,487.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Ernest C. Garcia II also recently made the following trade(s):

• On Wednesday, October 23rd, Ernest C. Garcia II sold 100,000 shares of Carvana stock. The stock was sold at an average price of $197.20, for a total value of $19,720,000.00.
• On Monday, October 21st, Ernest C. Garcia II sold 100,000 shares of Carvana stock. The stock was sold at an average price of $190.79, for a total value of $19,079,000.00.
• On Friday, October 18th, Ernest C. Garcia II sold 100,000 shares of Carvana stock. The stock was sold at an average price of $191.37, for a total value of $19,137,000.00.
• On Wednesday, October 16th, Ernest C. Garcia II sold 100,000 shares of Carvana stock. The stock was sold at an average price of $193.06, for a total value of $19,306,000.00.
• On Monday, October 14th, Ernest C. Garcia II sold 100,000 shares of Carvana stock. The stock was sold at an average price of $190.47, for a total value of $19,047,000.00.
• On Friday, October 11th, Ernest C. Garcia II sold 100,000 shares of Carvana stock. The stock was sold at an average price of $192.55, for a total value of $19,255,000.00.
• On Wednesday, October 9th, Ernest C. Garcia II sold 100,000 shares of Carvana stock. The stock was sold at an average price of $190.70, for a total value of $19,070,000.00.
• On Monday, October 7th, Ernest C. Garcia II sold 100,000 shares of Carvana stock. The shares were sold at an average price of $180.49, for a total value of $18,049,000.00.
• On Friday, October 4th, Ernest C. Garcia II sold 100,000 shares of Carvana stock. The shares were sold at an average price of $179.06, for a total value of $17,906,000.00.
• On Wednesday, October 2nd, Ernest C. Garcia II sold 100,000 shares of Carvana stock. The stock was sold at an average price of $174.64, for a total transaction of $17,464,000.00.

Carvana Trading Up 1.2 %

Shares of CVNA traded up $2.38 during mid-day trading on Friday, reaching $202.60. The stock had a trading volume of 2,529,143 shares, compared to its average volume of 4,804,938. The company has a debt-to-equity ratio of 47.20, a current ratio of 3.11 and a quick ratio of 2.02. Carvana Co. has a 52-week low of $25.09 and a 52-week high of $203.72. The business’s fifty day moving average is $167.04 and its 200 day moving average is $132.01. The firm has a market cap of $41.04 billion, a price-to-earnings ratio of 87.80 and a beta of 3.44.

Carvana (NYSE:CVNA) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.14 earnings per share (EPS) for the quarter. The firm had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.23 billion. On average, sell-side analysts predict that Carvana Co. will post 0.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CVNA has been the topic of a number of research reports. Wells Fargo & Company increased their price objective on shares of Carvana from $175.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday. Citigroup lifted their target price on shares of Carvana from $125.00 to $195.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. Evercore ISI raised their price target on shares of Carvana from $178.00 to $182.00 and gave the company an “in-line” rating in a research report on Tuesday. Wedbush upped their price objective on shares of Carvana from $150.00 to $175.00 and gave the stock a “neutral” rating in a research report on Monday, October 7th. Finally, Needham & Company LLC raised their target price on Carvana from $160.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $182.29.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. First Trust Direct Indexing L.P. boosted its stake in Carvana by 13.3% during the third quarter. First Trust Direct Indexing L.P. now owns 2,068 shares of the company’s stock worth $360,000 after buying an additional 243 shares during the period. Fidelis Capital Partners LLC purchased a new position in Carvana during the third quarter worth about $259,000. Integrated Advisors Network LLC boosted its stake in Carvana by 89.2% during the third quarter. Integrated Advisors Network LLC now owns 53,004 shares of the company’s stock worth $9,229,000 after buying an additional 24,996 shares during the period. Geometric Wealth Advisors purchased a new position in Carvana during the third quarter worth about $3,933,000. Finally, Traynor Capital Management Inc. purchased a new position in Carvana during the third quarter worth about $1,681,000. Hedge funds and other institutional investors own 56.71% of the company’s stock.

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.