Stephen Palmer Sells 1,000 Shares of Carvana (NYSE:CVNA) Stock

Carvana Co. (NYSE:CVNA) VP Stephen Palmer sold 1,000 shares of the company’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $419.48, for a total value of $419,480.00. Following the completion of the transaction, the vice president owned 38,744 shares in the company, valued at $16,252,333.12. This represents a 2.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Carvana Stock Performance

Shares of CVNA opened at $441.48 on Wednesday. Carvana Co. has a 12-month low of $148.25 and a 12-month high of $485.33. The company has a current ratio of 4.05, a quick ratio of 2.55 and a debt-to-equity ratio of 1.63. The company has a market cap of $96.04 billion, a PE ratio of 100.79, a price-to-earnings-growth ratio of 1.02 and a beta of 3.54. The stock has a 50-day moving average price of $383.75 and a 200-day moving average price of $365.03.

Carvana (NYSE:CVNA) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $1.03 earnings per share 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 during the quarter, compared to the consensus estimate of $5.04 billion. During the same quarter last year, the company posted $0.64 earnings per share. The firm’s revenue for the quarter was up 54.5% on a year-over-year basis. As a group, equities analysts forecast that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

Carvana News Roundup

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Jefferies reiterated a Buy and kept a $550 price target after reporting “strong early December” retail trends, boosting expectations for better-than-feared forward guidance and helping lift sentiment. Carvana estimates raised by analysts on strong early December sales figures
• Positive Sentiment: Several analysts have raised targets or reiterated bullish views recently (examples: Wedbush lift to $500, Argus/others with buy calls), which supports a re-rating versus last year’s lows and underpins the rally. MarketBeat Carvana coverage
• Neutral Sentiment: Zacks noted Carvana outperformed the broader market in the most recent session, reflecting the momentum but not adding new fundamental detail; useful confirmation of the intraday strength. Carvana (CVNA) Beats Stock Market Upswing
• Neutral Sentiment: Options market flow shows some moderate bearish positioning even as shares rise, signaling that some traders are hedging or expecting near-term volatility around upcoming earnings. Option traders moderately bearish in Carvana
• Negative Sentiment: Multiple insider sales (CFO Mark Jenkins sold ~12,750 shares; COO Benjamin Huston sold 10,000 shares; VP Stephen Palmer sold 1,000 shares) were disclosed early January — investors often view clustered executive sales as a negative signal and these filings are being highlighted in the market. COO sale SEC filing CFO sale SEC filing VP sale report
• Negative Sentiment: Coverage note and commentary revisited Carvana’s valuation in light of those insider sales and “earnings jitters,” raising the possibility investors will demand clearer guidance before pushing the valuation higher. Carvana valuation revisited after insider sales
• Negative Sentiment: Gordon Haskett trimmed its price target slightly (from $445 to $435) and kept a Hold, a modest signal of caution amid mixed analyst views. Gordon Haskett adjusts price target

Analyst Ratings Changes

Several brokerages recently issued reports on CVNA. DA Davidson set a $360.00 target price on shares of Carvana in a research report on Thursday, October 30th. Wedbush lifted their price target on Carvana from $400.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, December 19th. Deutsche Bank Aktiengesellschaft assumed coverage on Carvana in a research report on Friday, November 21st. They set a “buy” rating and a $395.00 price objective on the stock. Citigroup raised their price objective on Carvana from $445.00 to $550.00 and gave the company a “buy” rating in a report on Friday, December 12th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Carvana in a research report on Monday, December 29th. Nineteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Carvana currently has a consensus rating of “Moderate Buy” and an average target price of $451.14.

Institutional Investors Weigh In On Carvana

Several institutional investors have recently bought and sold shares of the stock. Los Angeles Capital Management LLC boosted its holdings in shares of Carvana by 1,950.7% during the second quarter. Los Angeles Capital Management LLC now owns 111,190 shares of the company’s stock worth $37,467,000 after purchasing an additional 105,768 shares during the period. Hudson Bay Capital Management LP raised its position in Carvana by 158.0% during the 2nd quarter. Hudson Bay Capital Management LP now owns 16,478 shares of the company’s stock valued at $5,552,000 after purchasing an additional 10,090 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Carvana by 14.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 193,879 shares of the company’s stock worth $76,662,000 after buying an additional 24,129 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in shares of Carvana in the 2nd quarter worth approximately $183,102,000. Finally, Sheets Smith Wealth Management purchased a new position in shares of Carvana during the second quarter valued at approximately $557,000. 56.71% of the stock is currently owned by hedge funds and other institutional investors.

About Carvana

Carvana Co is an online-only retailer of used vehicles that operates a consumer-facing e-commerce platform for buying and selling cars. The company markets and sells inspected, reconditioned pre-owned vehicles through its website, where shoppers can browse inventory, view detailed 360-degree photos and vehicle history reports, finance purchases, and arrange delivery or pickup. Carvana’s model is built around a digital end-to-end car buying experience that aims to simplify vehicle transactions compared with traditional dealerships.

Its products and services include direct retail sales of used cars, trade-in and purchase offers for consumer vehicles, vehicle financing and related protection products, and a seven-day return policy that allows customers to test a vehicle in everyday use.