Carvana Co. (NYSE:CVNA) Insider Paul W. Breaux Sells 14,548 Shares

Carvana Co. (NYSE:CVNA) insider Paul W. Breaux sold 14,548 shares of the stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $198.00, for a total transaction of $2,880,504.00. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Carvana Stock Performance

NYSE:CVNA opened at $202.60 on Friday. Carvana Co. has a twelve month low of $25.09 and a twelve month high of $203.72. The company has a current ratio of 3.11, a quick ratio of 2.02 and a debt-to-equity ratio of 47.20. The company has a 50-day moving average of $167.97 and a 200-day moving average of $132.84. The firm has a market cap of $41.04 billion, a price-to-earnings ratio of 88.86 and a beta of 3.44.

Carvana (NYSE:CVNA) last posted its quarterly earnings data 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 the consensus estimate of $3.23 billion. Analysts forecast that Carvana Co. will post 0.29 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Driehaus Capital Management LLC boosted its holdings in shares of Carvana by 124.9% in the second quarter. Driehaus Capital Management LLC now owns 581,787 shares of the company’s stock worth $74,888,000 after buying an additional 323,153 shares during the period. Chicago Capital LLC acquired a new position in shares of Carvana in the third quarter worth about $940,000. Tidal Investments LLC acquired a new position in shares of Carvana in the first quarter worth about $1,783,000. Vanguard Group Inc. boosted its holdings in shares of Carvana by 2.7% in the first quarter. Vanguard Group Inc. now owns 10,290,551 shares of the company’s stock worth $904,642,000 after buying an additional 266,972 shares during the period. Finally, US Bancorp DE boosted its holdings in shares of Carvana by 724.5% in the first quarter. US Bancorp DE now owns 5,549 shares of the company’s stock worth $488,000 after buying an additional 4,876 shares during the period. 56.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Carvana from $185.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Needham & Company LLC increased their price objective on shares of Carvana from $160.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Jefferies Financial Group increased their price objective on shares of Carvana from $150.00 to $185.00 and gave the stock a “hold” rating in a report on Tuesday. Robert W. Baird assumed coverage on shares of Carvana in a research report on Thursday, August 1st. They issued a “neutral” rating and a $160.00 target price for the company. Finally, Evercore ISI increased their target price on shares of Carvana from $178.00 to $182.00 and gave the company an “in-line” rating in a research report on Tuesday. One equities 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. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $182.29.

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.