Thomas Taira Sells 4,197 Shares of Carvana Co. (NYSE:CVNA) Stock

Carvana Co. (NYSE:CVNA) insider Thomas Taira sold 4,197 shares of Carvana stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $82.84, for a total value of $347,679.48. Following the transaction, the insider now directly owns 164,827 shares in the company, valued at approximately $13,654,268.68. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Carvana Stock Up 0.0 %

Shares of CVNA stock opened at $82.42 on Friday. Carvana Co. has a 12 month low of $6.70 and a 12 month high of $94.04. The firm has a market cap of $16.64 billion, a PE ratio of 152.63 and a beta of 3.32. The stock has a 50 day moving average of $68.56 and a 200-day moving average of $49.79.

Carvana (NYSE:CVNA) last issued its quarterly earnings results on Thursday, February 22nd. The company reported ($1.00) EPS for the quarter, missing analysts’ consensus estimates of ($0.95) by ($0.05). The firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same period in the previous year, the business posted ($0.97) EPS. The firm’s revenue was down 14.6% on a year-over-year basis. As a group, equities analysts predict that Carvana Co. will post -3.4 EPS for the current fiscal year.

Analysts Set New Price Targets

CVNA has been the subject of several research reports. JMP Securities lifted their price target on Carvana from $60.00 to $80.00 and gave the company a “market outperform” rating in a report on Friday, February 23rd. Wedbush lifted their price target on Carvana from $40.00 to $50.00 and gave the company a “neutral” rating in a report on Tuesday, February 20th. William Blair upgraded Carvana from a “market perform” rating to an “outperform” rating in a report on Friday, February 23rd. Royal Bank of Canada upgraded Carvana from an “underperform” rating to a “sector perform” rating and lifted their price target for the company from $45.00 to $90.00 in a report on Friday, March 8th. Finally, Evercore ISI lifted their price target on Carvana from $75.00 to $78.00 and gave the company an “in-line” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Carvana presently has an average rating of “Hold” and a consensus target price of $50.60.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Blue Trust Inc. acquired a new position in shares of Carvana during the fourth quarter worth approximately $29,000. Captrust Financial Advisors lifted its holdings in shares of Carvana by 270.9% during the second quarter. Captrust Financial Advisors now owns 1,324 shares of the company’s stock worth $30,000 after buying an additional 967 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new position in shares of Carvana during the second quarter worth approximately $33,000. Hanseatic Management Services Inc. bought a new stake in shares of Carvana during the third quarter valued at approximately $34,000. Finally, Parallel Advisors LLC increased its position in shares of Carvana by 39.0% during the fourth quarter. Parallel Advisors LLC now owns 692 shares of the company’s stock valued at $37,000 after purchasing an additional 194 shares during the period. 56.71% of the stock is currently owned by institutional investors and hedge funds.

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.