Ryan S. Keeton Sells 10,000 Shares of Carvana Co. (NYSE:CVNA) Stock

Carvana Co. (NYSE:CVNA) insider Ryan S. Keeton sold 10,000 shares of the business’s stock in a transaction on Thursday, July 15th. The stock was sold at an average price of $312.13, for a total value of $3,121,300.00. Following the transaction, the insider now owns 41,697 shares in the company, valued at $13,014,884.61. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Ryan S. Keeton also recently made the following trade(s):

  • On Tuesday, June 15th, Ryan S. Keeton sold 10,000 shares of Carvana stock. The stock was sold at an average price of $272.16, for a total value of $2,721,600.00.

NYSE:CVNA opened at $331.70 on Thursday. The company has a quick ratio of 1.71, a current ratio of 3.78 and a debt-to-equity ratio of 3.13. The stock’s fifty day moving average price is $285.77. Carvana Co. has a 52 week low of $142.56 and a 52 week high of $332.50. The firm has a market capitalization of $57.18 billion, a PE ratio of -161.80 and a beta of 2.40.

Carvana (NYSE:CVNA) last released its quarterly earnings results on Thursday, May 6th. The company reported ($0.46) EPS for the quarter, topping analysts’ consensus estimates of ($0.70) by $0.24. Carvana had a negative return on equity of 13.10% and a negative net margin of 2.19%. The company had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the prior year, the firm earned ($1.18) earnings per share. The firm’s revenue was up 104.5% compared to the same quarter last year. As a group, equities analysts predict that Carvana Co. will post -1.59 earnings per share for the current fiscal year.

Several research firms have weighed in on CVNA. Raymond James began coverage on Carvana in a research note on Wednesday, April 7th. They set a “market perform” rating on the stock. Citigroup boosted their price target on Carvana from $350.00 to $375.00 in a research note on Tuesday, May 11th. JMP Securities boosted their price target on Carvana from $290.00 to $326.00 and gave the company an “outperform” rating in a research note on Friday, May 7th. Zacks Investment Research downgraded Carvana from a “hold” rating to a “sell” rating and set a $292.00 price target on the stock. in a research note on Monday, April 26th. Finally, Royal Bank of Canada began coverage on Carvana in a research note on Wednesday, May 26th. They set an “outperform” rating and a $300.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty have assigned a buy rating to the stock. Carvana currently has an average rating of “Buy” and an average target price of $300.88.

A number of large investors have recently added to or reduced their stakes in the business. Panagora Asset Management Inc. acquired a new stake in shares of Carvana in the fourth quarter valued at $26,000. KB Financial Partners LLC acquired a new stake in shares of Carvana in the first quarter valued at $29,000. Altshuler Shaham Ltd acquired a new stake in shares of Carvana in the first quarter valued at $31,000. Certified Advisory Corp acquired a new stake in shares of Carvana in the first quarter valued at $33,000. Finally, Claar Advisors LLC acquired a new stake in shares of Carvana in the first quarter valued at $63,000. Institutional investors own 54.02% of the company’s stock.

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.

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