Paul W. Breaux Sells 30,000 Shares of Carvana Co. (NYSE:CVNA) Stock

Carvana Co. (NYSE:CVNA) insider Paul W. Breaux sold 30,000 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $240.22, for a total transaction of $7,206,600.00. Following the sale, the insider now directly owns 135,025 shares in the company, valued at $32,435,705.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Carvana Price Performance

NYSE CVNA opened at $229.08 on Friday. Carvana Co. has a 12 month low of $27.75 and a 12 month high of $259.39. The stock has a market cap of $47.41 billion, a price-to-earnings ratio of 22,908.00 and a beta of 3.44. The company’s 50 day moving average is $174.33 and its two-hundred day moving average is $137.76. The company has a current ratio of 3.11, a quick ratio of 2.02 and a debt-to-equity ratio of 47.20.

Carvana (NYSE:CVNA) last released its earnings results on Wednesday, October 30th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.41. The firm had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the previous year, the business posted $0.23 EPS. Carvana’s revenue was up 31.8% on a year-over-year basis. As a group, research analysts anticipate that Carvana Co. will post 0.26 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CVNA shares. BTIG Research raised their price target on shares of Carvana from $155.00 to $188.00 and gave the company a “buy” rating in a report on Thursday, August 1st. DA Davidson raised their price target on shares of Carvana from $110.00 to $155.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. JMP Securities raised their price target on shares of Carvana from $200.00 to $320.00 and gave the company a “market outperform” rating in a report on Thursday. JPMorgan Chase & Co. raised their price target on shares of Carvana from $230.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Royal Bank of Canada raised shares of Carvana to a “sector perform” rating and raised their price target for the company from $166.00 to $170.00 in a report on Monday, August 19th. One investment 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, Carvana presently has a consensus rating of “Hold” and a consensus target price of $208.88.

Institutional Investors Weigh In On Carvana

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ridgewood Investments LLC bought a new stake in shares of Carvana during the second quarter valued at approximately $32,000. Sugarloaf Wealth Management LLC bought a new stake in shares of Carvana during the third quarter valued at approximately $32,000. Summit Securities Group LLC raised its position in shares of Carvana by 110.0% during the second quarter. Summit Securities Group LLC now owns 300 shares of the company’s stock valued at $39,000 after buying an additional 3,300 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Carvana during the third quarter valued at approximately $40,000. Finally, Fifth Third Bancorp raised its position in shares of Carvana by 450.8% during the second quarter. Fifth Third Bancorp now owns 336 shares of the company’s stock valued at $43,000 after buying an additional 275 shares during the last quarter. Institutional investors own 56.71% of the company’s stock.

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.