Paul Breaux Sells 1,527 Shares of Carvana (NYSE:CVNA) Stock

Carvana Co. (NYSE:CVNA) insider Paul Breaux sold 1,527 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $475.00, for a total transaction of $725,325.00. Following the completion of the transaction, the insider directly owned 69,289 shares in the company, valued at approximately $32,912,275. This represents a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Carvana Stock Performance

Shares of Carvana stock opened at $455.95 on Friday. The business’s fifty day simple moving average is $353.83 and its 200-day simple moving average is $351.18. The company has a quick ratio of 2.55, a current ratio of 4.05 and a debt-to-equity ratio of 1.63. Carvana Co. has a 52 week low of $148.25 and a 52 week high of $485.33. The firm has a market cap of $99.19 billion, a PE ratio of 104.10, a price-to-earnings-growth ratio of 1.65 and a beta of 3.51.

Carvana (NYSE:CVNA) last released its earnings results on Wednesday, October 29th. The company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.26). Carvana had a return on equity of 30.62% and a net margin of 3.44%.The company had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.04 billion. During the same period in the previous year, the firm earned $0.64 earnings per share. The company’s revenue for the quarter was up 54.5% compared to the same quarter last year. Equities analysts forecast that Carvana Co. will post 2.85 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on CVNA. Morgan Stanley set a $450.00 price objective on Carvana in a research report on Monday, October 20th. JPMorgan Chase & Co. increased their target price on Carvana from $425.00 to $490.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 21st. DA Davidson set a $360.00 target price on Carvana in a report on Thursday, October 30th. Evercore ISI upped their price target on Carvana from $395.00 to $420.00 and gave the stock an “in-line” rating in a report on Tuesday. Finally, Jefferies Financial Group increased their target price on Carvana from $475.00 to $550.00 and gave the company a “buy” rating in a research note on Thursday. Eighteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Carvana has an average rating of “Moderate Buy” and an average price target of $438.76.

Institutional Investors Weigh In On Carvana

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CVNA. Hilltop National Bank acquired a new position in Carvana during the 2nd quarter worth $25,000. ORG Partners LLC grew its position in Carvana by 8,700.0% in the third quarter. ORG Partners LLC now owns 88 shares of the company’s stock valued at $33,000 after acquiring an additional 87 shares during the period. Washington Trust Advisors Inc. acquired a new position in shares of Carvana in the 3rd quarter worth approximately $38,000. Steigerwald Gordon & Koch Inc. bought a new position in shares of Carvana in the third quarter valued at about $38,000. Finally, SJS Investment Consulting Inc. grew its stake in shares of Carvana by 960.0% during the second quarter. SJS Investment Consulting Inc. now owns 106 shares of the company’s stock valued at $36,000 after purchasing an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 56.71% 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.