Insider Selling: Carvana (NYSE:CVNA) VP Sells $342,650.00 in Stock

Carvana Co. (NYSE:CVNA) VP Stephen Palmer sold 5,000 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $68.53, for a total value of $342,650.00. Following the completion of the sale, the vice president directly owned 144,934 shares of the company’s stock, valued at approximately $9,932,327.02. This represents a 3.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Carvana Trading Up 0.2%

NYSE:CVNA opened at $68.71 on Friday. The company has a quick ratio of 2.57, a current ratio of 4.09 and a debt-to-equity ratio of 1.05. The business’s 50 day moving average is $70.21 and its two-hundred day moving average is $73.77. Carvana Co. has a 52 week low of $54.46 and a 52 week high of $97.38. The company has a market cap of $75.36 billion, a PE ratio of 41.80, a P/E/G ratio of 11.58 and a beta of 3.46.

Carvana (NYSE:CVNA) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $1.37. Carvana had a return on equity of 41.46% and a net margin of 6.40%.The business had revenue of $6.43 billion during the quarter, compared to the consensus estimate of $6.12 billion. On average, analysts predict that Carvana Co. will post 1.58 EPS for the current year.

Hedge Funds Weigh In On Carvana

Several institutional investors have recently modified their holdings of CVNA. Vanguard Group Inc. boosted its stake in Carvana by 24.7% during the 4th quarter. Vanguard Group Inc. now owns 16,783,101 shares of the company’s stock valued at $7,082,804,000 after purchasing an additional 3,328,115 shares during the period. State Street Corp raised its holdings in shares of Carvana by 93.7% during the fourth quarter. State Street Corp now owns 5,714,779 shares of the company’s stock valued at $2,411,751,000 after buying an additional 2,764,759 shares during the last quarter. Capital Research Global Investors boosted its position in shares of Carvana by 42.9% during the fourth quarter. Capital Research Global Investors now owns 5,700,953 shares of the company’s stock worth $2,405,959,000 after buying an additional 1,711,144 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Carvana by 8.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,726,838 shares of the company’s stock worth $7,481,081,000 after buying an additional 1,407,762 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Carvana by 55.4% in the 4th quarter. Geode Capital Management LLC now owns 3,880,711 shares of the company’s stock worth $1,632,763,000 after buying an additional 1,382,852 shares in the last quarter. Institutional investors own 56.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. BTIG Research restated a “buy” rating and issued a $97.00 price target on shares of Carvana in a research report on Friday, June 5th. Zacks Research raised shares of Carvana from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. Needham & Company LLC reiterated a “buy” rating and set a $120.00 price objective on shares of Carvana in a research note on Friday, June 5th. Citizens Jmp raised their target price on shares of Carvana from $92.00 to $103.00 and gave the stock a “market outperform” rating in a report on Friday, May 1st. Finally, Stephens lifted their target price on Carvana from $86.00 to $97.00 in a research note on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.14.

Key Carvana News

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Commentary highlighted Carvana’s increased advertising spend as a key growth engine, with the company trying to build awareness and trust in the online used-car market. That could support longer-term revenue growth if marketing translates into more customers. Why Does Carvana See Advertising as a Crucial Growth Engine?
• Positive Sentiment: Analyst and investor commentary pointed to Carvana’s efforts to expand its business model, including testing a new-vehicle retail concept in Dallas that keeps purchases online. That suggests management is still looking for ways to widen its addressable market. Is Carvana Co. (CVNA) Among the Best Fundamentally Strong Stocks to Buy for Long Term?
• Neutral Sentiment: Several articles focused on whether Carvana’s sharp year-to-date decline could set up a rebound. This reflects a valuation and sentiment debate rather than a clear new catalyst. Down 19% YTD, is Carvana (CVNA) due for a bounce back?
• Neutral Sentiment: Recurve Capital said Carvana was a major drag on its portfolio, noting the stock fell in June and remained down sharply year to date. That underscores weak recent momentum, but it is more of a performance recap than a new business development. Recurve Capital’s Analysis on Carvana (CVNA)
• Negative Sentiment: Multiple insiders sold shares, including the VP, COO, and CFO, with the largest sale coming from the COO. Even though the trades were made under pre-arranged 10b5-1 plans, insider selling can still weigh on sentiment. Insider Selling: Carvana (NYSE:CVNA) VP Sells $342,650.00 in Stock
• Negative Sentiment: Coverage also noted that Carvana is still trading below recent moving averages and remains volatile, which may reinforce caution among traders despite its strong recent earnings beat. Carvana stock and company overview

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.