Carvana Co. (NYSE:CVNA – Get Free Report) insider Paul W. Breaux sold 14,548 shares of Carvana stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $198.00, for a total transaction of $2,880,504.00. Following the transaction, the insider now directly owns 119,494 shares in the company, valued at approximately $23,659,812. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Carvana Trading Up 1.2 %
NYSE CVNA opened at $202.60 on Friday. Carvana Co. has a 12 month low of $25.09 and a 12 month high of $203.72. The company has a debt-to-equity ratio of 47.20, a current ratio of 3.11 and a quick ratio of 2.02. The company has a market capitalization of $41.04 billion, a price-to-earnings ratio of 88.86 and a beta of 3.44. The company’s fifty day moving average price is $167.97 and its two-hundred day moving average price is $132.84.
Carvana (NYSE:CVNA – Get Free Report) last issued its earnings results on Wednesday, July 31st. The company reported $0.14 earnings per share for the quarter. The business had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.23 billion. As a group, research analysts predict that Carvana Co. will post 0.29 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Get Our Latest Analysis on Carvana
Institutional Trading of Carvana
A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Carvana by 2.7% during the first quarter. Vanguard Group Inc. now owns 10,290,551 shares of the company’s stock worth $904,642,000 after purchasing an additional 266,972 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Carvana by 39.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,459,065 shares of the company’s stock worth $655,727,000 after purchasing an additional 2,112,463 shares during the period. Lingotto Investment Management LLP raised its holdings in shares of Carvana by 1.4% during the second quarter. Lingotto Investment Management LLP now owns 3,776,747 shares of the company’s stock worth $486,143,000 after purchasing an additional 52,833 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Carvana by 12.2% during the second quarter. Renaissance Technologies LLC now owns 813,400 shares of the company’s stock worth $104,701,000 after purchasing an additional 88,500 shares during the period. Finally, Driehaus Capital Management LLC raised its holdings in shares of Carvana by 124.9% during the second quarter. Driehaus Capital Management LLC now owns 581,787 shares of the company’s stock worth $74,888,000 after purchasing an additional 323,153 shares during the period. 56.71% of the stock is owned by institutional investors and hedge funds.
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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