Carvana Co. (NYSE:CVNA – Get Free Report) major shareholder Ernest C. Garcia II sold 75,000 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $135.73, for a total value of $10,179,750.00. Following the sale, the insider now directly owns 40,583,131 shares in the company, valued at approximately $5,508,348,370.63. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Ernest C. Garcia II also recently made the following trade(s):
- On Thursday, September 5th, Ernest C. Garcia II sold 75,000 shares of Carvana stock. The stock was sold at an average price of $141.72, for a total value of $10,629,000.00.
- On Friday, August 30th, Ernest C. Garcia II sold 100,000 shares of Carvana stock. The stock was sold at an average price of $149.16, for a total value of $14,916,000.00.
- On Wednesday, August 28th, Ernest C. Garcia II sold 100,000 shares of Carvana stock. The stock was sold at an average price of $155.69, for a total value of $15,569,000.00.
- On Monday, August 26th, Ernest C. Garcia II sold 9,186 shares of Carvana stock. The stock was sold at an average price of $156.95, for a total value of $1,441,742.70.
- On Friday, July 12th, Ernest C. Garcia II sold 37,500 shares of Carvana stock. The stock was sold at an average price of $136.63, for a total value of $5,123,625.00.
Carvana Price Performance
Carvana stock opened at $140.68 on Friday. Carvana Co. has a 12 month low of $25.09 and a 12 month high of $159.85. The company has a current ratio of 3.11, a quick ratio of 2.02 and a debt-to-equity ratio of 47.20. The business’s 50 day simple moving average is $139.43 and its 200 day simple moving average is $111.67. The company has a market cap of $28.50 billion, a price-to-earnings ratio of 61.70 and a beta of 3.43.
Analyst Ratings Changes
Check Out Our Latest Stock Report on Carvana
Institutional Investors Weigh In On Carvana
Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Carvana by 7.0% during the fourth quarter. Vanguard Group Inc. now owns 10,023,579 shares of the company’s stock worth $530,648,000 after acquiring an additional 655,603 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Carvana by 6.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 831,879 shares of the company’s stock worth $44,040,000 after acquiring an additional 53,318 shares in the last quarter. Rafferty Asset Management LLC increased its holdings in shares of Carvana by 38.6% in the fourth quarter. Rafferty Asset Management LLC now owns 43,792 shares of the company’s stock worth $2,318,000 after purchasing an additional 12,193 shares during the period. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV increased its holdings in shares of Carvana by 17.6% in the fourth quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV now owns 500,000 shares of the company’s stock worth $26,470,000 after purchasing an additional 75,000 shares during the period. Finally, Tidal Investments LLC bought a new position in shares of Carvana in the first quarter worth $1,783,000. 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.
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