Carvana Co (NYSE:CVNA) insider Daniel J. Gill sold 12,500 shares of the firm’s stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $67.65, for a total transaction of $845,625.00. Following the transaction, the insider now directly owns 10,683 shares of the company’s stock, valued at $722,704.95. The sale was disclosed in a document filed with the SEC, which is available through this link.
NYSE CVNA opened at $67.31 on Monday. Carvana Co has a one year low of $28.44 and a one year high of $76.85. The firm has a 50-day simple moving average of $62.53. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.39 and a quick ratio of 0.56. The firm has a market cap of $10.12 billion, a price-to-earnings ratio of -38.91 and a beta of 2.40.
Carvana (NYSE:CVNA) last posted its quarterly earnings results on Wednesday, May 8th. The company reported ($0.53) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.50) by ($0.03). The business had revenue of $755.23 million during the quarter, compared to analyst estimates of $696.61 million. Carvana had a negative net margin of 3.54% and a negative return on equity of 30.85%. Equities research analysts expect that Carvana Co will post -1.82 earnings per share for the current year.
CVNA has been the subject of several recent analyst reports. Cowen initiated coverage on shares of TrueCar in a report on Monday, May 20th. They set a “hold” rating and a $7.00 price objective for the company. Robert W. Baird lifted their price target on shares of Carvana from $65.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, May 9th. B. Riley reaffirmed a “buy” rating on shares of Insight Enterprises in a report on Monday, April 29th. Morgan Stanley decreased their price target on shares of Virtus Investment Partners from $121.00 to $118.00 and set an “equal weight” rating for the company in a report on Tuesday, July 9th. Finally, Zacks Investment Research raised shares of DLH from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $67.92.
Carvana Company Profile
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 proprietary 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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