Insider Selling: Carvana Co (CVNA) COO Sells 86,537 Shares of Stock

Carvana Co (NYSE:CVNA) COO Benjamin E. Huston sold 86,537 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $68.48, for a total transaction of $5,926,053.76. Following the transaction, the chief operating officer now owns 98,809 shares in the company, valued at approximately $6,766,440.32. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of CVNA opened at $65.68 on Wednesday. Carvana Co has a 12 month low of $24.36 and a 12 month high of $76.85. The company has a current ratio of 1.39, a quick ratio of 0.76 and a debt-to-equity ratio of 2.73. The firm has a market cap of $9.06 billion, a PE ratio of -37.97 and a beta of 2.43.

Carvana (NYSE:CVNA) last posted its earnings results on Wednesday, May 8th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.50) by ($0.03). Carvana had a negative net margin of 3.54% and a negative return on equity of 30.85%. The firm had revenue of $755.23 million during the quarter, compared to analyst estimates of $696.61 million. Equities research analysts forecast that Carvana Co will post -1.77 earnings per share for the current fiscal year.



A number of large investors have recently bought and sold shares of CVNA. FMR LLC grew its stake in Carvana by 749.8% in the 4th quarter. FMR LLC now owns 3,591,784 shares of the company’s stock valued at $117,487,000 after buying an additional 3,169,132 shares during the last quarter. Requisite Energy Fund I LP acquired a new position in Carvana in the 4th quarter valued at $57,470,000. Hound Partners LLC acquired a new position in Carvana in the 4th quarter valued at $43,453,000. Vanguard Group Inc. grew its stake in Carvana by 41.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,621,582 shares of the company’s stock valued at $154,909,000 after buying an additional 768,256 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in Carvana by 6,771.7% in the 4th quarter. American Century Companies Inc. now owns 701,052 shares of the company’s stock valued at $22,931,000 after buying an additional 690,850 shares during the last quarter. Institutional investors and hedge funds own 34.21% of the company’s stock.

Several research analysts have recently commented on CVNA shares. Wells Fargo & Co increased their price target on shares of Carvana from $57.00 to $80.00 and gave the stock an “outperform” rating in a research note on Monday, May 6th. Seaport Global Securities started coverage on shares of Carvana in a research note on Wednesday, February 13th. They set a “neutral” rating on the stock. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Carvana from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. Barrington Research lowered shares of Carvana from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 3rd. Finally, BMO Capital Markets increased their price target on shares of Carvana from $35.00 to $40.00 and gave the stock a “market perform” rating in a research note on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $66.18.

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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 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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