Carvana Co. (NYSE:CVNA – Get Free Report) major shareholder Ernest C. Garcia II sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $108.86, for a total transaction of $6,531,600.00. Following the transaction, the insider now owns 1,057,500 shares of the company’s stock, valued at approximately $115,119,450. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Carvana Price Performance
CVNA stock opened at $128.58 on Wednesday. The company has a fifty day moving average price of $104.21 and a 200 day moving average price of $76.84. Carvana Co. has a 12 month low of $20.60 and a 12 month high of $129.41. The company has a market cap of $26.05 billion, a price-to-earnings ratio of 56.39 and a beta of 3.29.
Carvana (NYSE:CVNA – Get Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The company reported ($0.41) EPS for the quarter, topping analysts’ consensus estimates of ($0.76) by $0.35. The firm had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $2.72 billion. As a group, analysts anticipate that Carvana Co. will post -0.75 earnings per share for the current year.
Hedge Funds Weigh In On Carvana
Wall Street Analysts Forecast Growth
Several research analysts have commented on CVNA shares. JPMorgan Chase & Co. boosted their price target on shares of Carvana from $130.00 to $150.00 and gave the stock an “overweight” rating in a report on Monday, June 10th. William Blair reiterated an “outperform” rating on shares of Carvana in a report on Thursday, May 2nd. Wedbush boosted their price target on shares of Carvana from $80.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Wells Fargo & Company upped their target price on shares of Carvana from $60.00 to $77.00 and gave the company an “equal weight” rating in a report on Thursday, May 2nd. Finally, Royal Bank of Canada upped their target price on shares of Carvana from $90.00 to $130.00 and gave the company a “sector perform” rating in a report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $87.29.
Read Our Latest Report on Carvana
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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