Daniel J. Gill Sells 41,163 Shares of Carvana Co. (NYSE:CVNA) Stock

Carvana Co. (NYSE:CVNA) 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) 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

Institutional investors and hedge funds have recently bought and sold shares of the company. Ridgewood Investments LLC purchased a new stake in shares of Carvana during the second quarter worth about $32,000. Sugarloaf Wealth Management LLC acquired a new stake in Carvana in the 3rd quarter worth approximately $32,000. Summit Securities Group LLC grew its position in Carvana by 110.0% during the 2nd quarter. Summit Securities Group LLC now owns 300 shares of the company’s stock worth $39,000 after purchasing an additional 3,300 shares during the last quarter. Fifth Third Bancorp increased its stake in Carvana by 450.8% during the 2nd quarter. Fifth Third Bancorp now owns 336 shares of the company’s stock valued at $43,000 after purchasing an additional 275 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. purchased a new position in shares of Carvana in the second quarter worth $51,000. 56.71% of the stock is owned by hedge funds and other institutional investors.

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.

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.