Insider Selling: Carvana Co. (NYSE:CVNA) Insider Sells $8,237,127.93 in Stock

Carvana Co. (NYSE:CVNA) insider Daniel J. Gill sold 41,163 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $200.11, for a total value of $8,237,127.93. Following the sale, the insider now owns 283,287 shares of the company’s stock, valued at approximately $56,688,561.57. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Carvana Stock Performance

Shares of NYSE CVNA opened at $202.53 on Friday. The firm’s fifty day moving average is $167.97 and its two-hundred day moving average is $133.19. Carvana Co. has a 52-week low of $25.09 and a 52-week high of $203.72. The company has a market cap of $41.03 billion, a P/E ratio of 88.83 and a beta of 3.44. The company has a debt-to-equity ratio of 47.20, a quick ratio of 2.02 and a current ratio of 3.11.

Carvana (NYSE:CVNA) last posted its earnings results on Wednesday, July 31st. The company reported $0.14 EPS for the quarter. The firm had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.23 billion. As a group, analysts anticipate that Carvana Co. will post 0.29 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Needham & Company LLC boosted their target price on shares of Carvana from $160.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Wells Fargo & Company boosted their price objective on shares of Carvana from $175.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday. Royal Bank of Canada raised Carvana to a “sector perform” rating and raised their target price for the stock from $166.00 to $170.00 in a report on Monday, August 19th. JMP Securities reissued a “market outperform” rating and set a $200.00 price target on shares of Carvana in a report on Monday, September 9th. Finally, Wedbush raised their price objective on Carvana from $150.00 to $175.00 and gave the stock a “neutral” rating in a research note on Monday, October 7th. One research 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $182.29.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Ridgewood Investments LLC purchased a new stake in Carvana during the second quarter valued at $32,000. Sugarloaf Wealth Management LLC purchased a new position in shares of Carvana in the 3rd quarter worth $32,000. Summit Securities Group LLC increased its holdings in shares of Carvana by 110.0% in the 2nd quarter. Summit Securities Group LLC now owns 300 shares of the company’s stock worth $39,000 after buying an additional 3,300 shares during the last quarter. Fifth Third Bancorp raised its position in shares of Carvana by 450.8% during the 2nd quarter. Fifth Third Bancorp now owns 336 shares of the company’s stock valued at $43,000 after buying an additional 275 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. bought a new position in shares of Carvana in the 2nd quarter valued at about $51,000. 56.71% of the stock is currently owned by institutional investors.

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.