Carvana Co. (NYSE:CVNA - Get Free Report) insider Ryan S. Keeton sold 24,845 shares of the business's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $247.90, for a total value of $6,159,075.50. Following the completion of the transaction, the insider now owns 151,029 shares in the company, valued at $37,440,089.10. This trade represents a 14.13 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Carvana Price Performance
NYSE:CVNA opened at $248.29 on Friday. The company has a debt-to-equity ratio of 18.99, a current ratio of 3.25 and a quick ratio of 2.12. The company has a fifty day moving average price of $228.64 and a 200 day moving average price of $168.46. Carvana Co. has a one year low of $40.21 and a one year high of $268.34. The stock has a market cap of $51.55 billion, a P/E ratio of 24,829.00 and a beta of 3.32.
Carvana (NYSE:CVNA - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.41. The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.47 billion. The business's quarterly revenue was up 31.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.23 earnings per share. Analysts anticipate that Carvana Co. will post 0.76 earnings per share for the current year.
Institutional Inflows and Outflows
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A number of large investors have recently added to or reduced their stakes in the business. Sugarloaf Wealth Management LLC bought a new position in Carvana during the third quarter worth about $32,000. Capital Performance Advisors LLP acquired a new position in Carvana in the 3rd quarter worth $40,000. Ridgewood Investments LLC bought a new position in shares of Carvana during the second quarter worth about $32,000. First Horizon Advisors Inc. lifted its position in shares of Carvana by 363.0% in the third quarter. First Horizon Advisors Inc. now owns 250 shares of the company's stock worth $44,000 after purchasing an additional 196 shares in the last quarter. Finally, Summit Securities Group LLC grew its holdings in shares of Carvana by 110.0% in the 2nd quarter. Summit Securities Group LLC now owns 300 shares of the company's stock valued at $39,000 after acquiring an additional 3,300 shares in the last quarter. 56.71% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several brokerages recently commented on CVNA. Stephens started coverage on Carvana in a research note on Thursday, September 12th. They issued an "overweight" rating and a $190.00 price target for the company. Wells Fargo & Company increased their price target on shares of Carvana from $175.00 to $250.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 23rd. Evercore ISI lifted their price objective on shares of Carvana from $240.00 to $245.00 and gave the company an "in-line" rating in a research note on Tuesday, December 3rd. Bank of America increased their target price on shares of Carvana from $185.00 to $210.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Finally, Wedbush boosted their price target on Carvana from $150.00 to $175.00 and gave the stock a "neutral" rating in a research report on Monday, October 7th. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $222.71.
Check Out Our Latest Analysis on Carvana
About Carvana
(
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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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