Carvana Co. (NYSE:CVNA – Get Free Report) insider Daniel J. Gill sold 41,163 shares of Carvana stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $200.11, for a total transaction of $8,237,127.93. Following the transaction, the insider now directly owns 283,287 shares of the company’s stock, valued at $56,688,561.57. The trade was 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 available through this link.
Carvana Price Performance
Shares of CVNA stock opened at $202.53 on Friday. 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 current ratio of 3.11 and a quick ratio of 2.02. The stock’s 50-day moving average is $167.97 and its 200 day moving average is $133.19. Carvana Co. has a 1-year low of $25.09 and a 1-year high of $203.72.
Carvana (NYSE:CVNA – Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.14 earnings per share (EPS) for the quarter. The firm had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.23 billion. Research analysts predict that Carvana Co. will post 0.29 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Carvana
Wall Street Analysts Forecast Growth
A number of research firms recently commented on CVNA. Evercore ISI lifted their price target on shares of Carvana from $178.00 to $182.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 22nd. Needham & Company LLC upped their target price on Carvana from $160.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Piper Sandler raised their price target on Carvana from $105.00 to $151.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Morgan Stanley upped their price objective on Carvana from $75.00 to $110.00 and gave the company an “underweight” rating in a research report on Thursday, August 1st. Finally, Royal Bank of Canada upgraded Carvana to a “sector perform” rating and lifted their target price for the stock from $166.00 to $170.00 in a research report on Monday, August 19th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $182.29.
View Our Latest Stock Report on Carvana
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.
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