Paul W. Breaux Sells 7,000 Shares of Carvana Co (CVNA) Stock

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Carvana Co (NYSE:CVNA) insider Paul W. Breaux sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, November 9th. The stock was sold at an average price of $50.05, for a total transaction of $350,350.00. Following the completion of the transaction, the insider now owns 10,031 shares of the company’s stock, valued at $502,051.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

NYSE:CVNA traded up $1.52 during trading hours on Tuesday, reaching $45.53. The company had a trading volume of 1,471,931 shares, compared to its average volume of 1,050,914. The company has a current ratio of 2.04, a quick ratio of 1.30 and a debt-to-equity ratio of 1.55. Carvana Co has a 52 week low of $14.27 and a 52 week high of $72.59. The company has a market cap of $6.85 billion, a PE ratio of -37.63 and a beta of 2.13.

Carvana (NYSE:CVNA) last posted its earnings results on Wednesday, November 7th. The company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.03). Carvana had a negative return on equity of 35.13% and a negative net margin of 5.01%. The company had revenue of $535.00 million during the quarter, compared to the consensus estimate of $509.09 million. During the same period last year, the firm posted ($0.29) EPS. The company’s revenue for the quarter was up 137.8% on a year-over-year basis. Research analysts forecast that Carvana Co will post -1.55 earnings per share for the current year.

Large investors have recently bought and sold shares of the business. Whale Rock Capital Management LLC bought a new stake in Carvana in the 2nd quarter worth approximately $35,039,000. 683 Capital Management LLC grew its position in shares of Carvana by 11.4% during the 2nd quarter. 683 Capital Management LLC now owns 1,561,634 shares of the company’s stock valued at $64,964,000 after acquiring an additional 160,294 shares during the period. Fiera Capital Corp bought a new stake in shares of Carvana during the 2nd quarter valued at $1,082,000. Russell Investments Group Ltd. grew its position in shares of Carvana by 622.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 10,084 shares of the company’s stock valued at $419,000 after acquiring an additional 8,689 shares during the period. Finally, Chicago Capital LLC grew its position in shares of Carvana by 13.6% during the 2nd quarter. Chicago Capital LLC now owns 700,474 shares of the company’s stock valued at $29,140,000 after acquiring an additional 84,068 shares during the period. 25.85% of the stock is owned by institutional investors and hedge funds.

CVNA has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Carvana from a “sell” rating to a “hold” rating in a report on Tuesday, October 9th. Barrington Research restated a “buy” rating on shares of Carvana in a report on Monday, November 5th. Citigroup boosted their price objective on shares of Carvana from $67.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, September 11th. They noted that the move was a valuation call. Robert W. Baird boosted their price objective on shares of Carvana from $60.00 to $68.00 and gave the stock an “outperform” rating in a report on Thursday, November 8th. Finally, Stephens assumed coverage on shares of Carvana in a research report on Tuesday, September 4th. They issued an “equal weight” rating for the company. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $59.14.

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Carvana Company Profile

Carvana Co, together with its subsidiaries, operates an e-commerce platform for buying used cars in the United States. The company purchases, reconditions, sells, and delivers vehicles. Its platform allows customers to research and identify a vehicle; inspect it using company's proprietary 360-degree vehicle imaging technology; obtain financing and warranty coverage; purchase the vehicle; and schedule delivery or pick-up.

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Insider Buying and Selling by Quarter for Carvana (NYSE:CVNA)

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