Carvana Co (NYSE:CVNA) Insider Sells $845,625.00 in Stock

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.

A number of large investors have recently modified their holdings of CVNA. Bank of New York Mellon Corp lifted its holdings in shares of Carvana by 59.1% during the 4th quarter. Bank of New York Mellon Corp now owns 1,090,063 shares of the company’s stock valued at $35,656,000 after purchasing an additional 404,714 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of Carvana by 61.3% during the 4th quarter. Raymond James & Associates now owns 18,410 shares of the company’s stock valued at $602,000 after purchasing an additional 7,000 shares during the last quarter. Royce & Associates LP purchased a new stake in shares of Carvana during the 4th quarter valued at $621,000. Dimensional Fund Advisors LP lifted its holdings in shares of Carvana by 14.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 59,299 shares of the company’s stock valued at $1,939,000 after purchasing an additional 7,348 shares during the last quarter. Finally, Natixis Advisors L.P. purchased a new stake in shares of Carvana during the 4th quarter valued at $356,000. Hedge funds and other institutional investors own 35.90% of the company’s stock.

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

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