Carvana Co. (NYSE:CVNA) COO Benjamin E. Huston sold 6,300 shares of Carvana stock in a transaction dated Monday, November 30th. The stock was sold at an average price of $249.95, for a total value of $1,574,685.00. Following the completion of the transaction, the chief operating officer now owns 37,742 shares of the company’s stock, valued at $9,433,612.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of Carvana stock opened at $227.92 on Friday. The company has a current ratio of 3.18, a quick ratio of 1.42 and a debt-to-equity ratio of 1.12. The company’s 50-day moving average price is $214.88 and its two-hundred day moving average price is $171.65. Carvana Co. has a 52 week low of $22.16 and a 52 week high of $252.36. The stock has a market cap of $39.15 billion, a PE ratio of -83.49 and a beta of 2.57.
Carvana (NYSE:CVNA) last issued its quarterly earnings results on Thursday, October 29th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.29) by $0.19. Carvana had a negative net margin of 3.06% and a negative return on equity of 43.19%. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the previous year, the business earned ($0.56) earnings per share. Carvana’s revenue for the quarter was up 41.0% compared to the same quarter last year. On average, equities analysts predict that Carvana Co. will post -2.38 EPS for the current fiscal year.
CVNA has been the subject of a number of research reports. JPMorgan Chase & Co. upgraded Carvana from a “neutral” rating to an “overweight” rating and set a $235.00 price target for the company in a research note on Tuesday, September 22nd. DA Davidson initiated coverage on Carvana in a research note on Tuesday, November 10th. They issued a “neutral” rating and a $214.00 price target for the company. Edward Jones began coverage on Carvana in a research note on Monday, October 5th. They issued an “outperform” rating and a $272.00 price target for the company. Stifel Nicolaus upgraded Carvana from a “hold” rating to a “buy” rating and lifted their target price for the company from $210.00 to $250.00 in a research note on Friday, October 30th. Finally, BNP Paribas began coverage on Carvana in a research note on Monday, October 5th. They issued an “outperform” rating for the company. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $208.70.
A number of institutional investors have recently modified their holdings of CVNA. Morgan Stanley raised its position in Carvana by 159.4% in the first quarter. Morgan Stanley now owns 7,575,147 shares of the company’s stock worth $417,315,000 after acquiring an additional 4,654,539 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Carvana during the 2nd quarter worth about $120,000. Janney Montgomery Scott LLC acquired a new stake in Carvana during the 2nd quarter worth about $340,000. Strs Ohio acquired a new stake in Carvana during the 2nd quarter worth about $581,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Carvana by 71.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,091 shares of the company’s stock worth $852,000 after buying an additional 2,948 shares during the period. Hedge funds and other institutional investors own 43.86% 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.
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