Carvana Co. (NYSE:CVNA – Get Free Report) Director Ira J. Platt sold 664 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $150.00, for a total transaction of $99,600.00. Following the sale, the director now directly owns 30,227 shares in the company, valued at approximately $4,534,050. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Carvana Stock Up 2.9 %
Carvana stock opened at $155.93 on Friday. Carvana Co. has a fifty-two week low of $25.09 and a fifty-two week high of $156.18. The company has a debt-to-equity ratio of 47.20, a current ratio of 3.11 and a quick ratio of 1.62. The firm has a market capitalization of $31.59 billion, a price-to-earnings ratio of 68.39 and a beta of 3.37. The company’s 50 day simple moving average is $127.89 and its 200 day simple moving average is $99.26.
Hedge Funds Weigh In On Carvana
A number of hedge funds and other institutional investors have recently made changes to their positions in CVNA. Vanguard Group Inc. raised its stake in shares of Carvana by 7.0% in the 4th quarter. Vanguard Group Inc. now owns 10,023,579 shares of the company’s stock valued at $530,648,000 after purchasing an additional 655,603 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Carvana by 6.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 831,879 shares of the company’s stock worth $44,040,000 after purchasing an additional 53,318 shares during the last quarter. Rafferty Asset Management LLC grew its position in Carvana by 38.6% in the fourth quarter. Rafferty Asset Management LLC now owns 43,792 shares of the company’s stock valued at $2,318,000 after purchasing an additional 12,193 shares in the last quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV increased its stake in Carvana by 17.6% in the 4th quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV now owns 500,000 shares of the company’s stock valued at $26,470,000 after buying an additional 75,000 shares during the last quarter. Finally, Tidal Investments LLC acquired a new stake in Carvana in the 1st quarter valued at $1,783,000. 56.71% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Get Our Latest Research 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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