Carvana Co (NYSE:CVNA) Insider Paul W. Breaux Sells 12,500 Shares

Carvana Co (NYSE:CVNA) insider Paul W. Breaux sold 12,500 shares of the stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $59.05, for a total value of $738,125.00. Following the sale, the insider now owns 10,628 shares of the company’s stock, valued at $627,583.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of CVNA opened at $61.28 on Wednesday. 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 stock has a market capitalization of $9.50 billion, a PE ratio of -35.42 and a beta of 2.68. Carvana Co has a one year low of $28.44 and a one year high of $76.85.

Carvana (NYSE:CVNA) last issued its 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 firm 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%. On average, sell-side analysts forecast that Carvana Co will post -1.82 earnings per share for the current fiscal year.

A number of analysts have weighed in on the company. Wells Fargo & Co increased their price target on Carvana from $57.00 to $80.00 and gave the stock an “outperform” rating in a report on Monday, May 6th. Barrington Research downgraded Carvana from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 3rd. Cowen began coverage on Carvana in a research note on Monday, May 20th. They issued an “outperform” rating and a $81.00 target price for the company. Robert W. Baird raised their target price on Carvana from $58.00 to $65.00 and gave the company an “outperform” rating in a research note on Monday, March 25th. Finally, Wedbush raised their target price on Carvana from $52.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, April 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $67.42.

Several institutional investors and hedge funds have recently modified their holdings of CVNA. Rhumbline Advisers boosted its stake in Carvana by 49.4% during the 4th quarter. Rhumbline Advisers now owns 43,764 shares of the company’s stock valued at $1,432,000 after purchasing an additional 14,475 shares during the last quarter. SG Americas Securities LLC boosted its stake in Carvana by 12.3% during the 4th quarter. SG Americas Securities LLC now owns 52,136 shares of the company’s stock valued at $1,705,000 after purchasing an additional 5,719 shares during the last quarter. First Mercantile Trust Co. boosted its stake in Carvana by 34.1% during the 4th quarter. First Mercantile Trust Co. now owns 3,061 shares of the company’s stock valued at $100,000 after purchasing an additional 779 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in Carvana by 17.7% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 14,082 shares of the company’s stock valued at $461,000 after purchasing an additional 2,121 shares during the last quarter. Finally, EFG Asset Management Americas Corp. boosted its stake in Carvana by 26.6% during the 4th quarter. EFG Asset Management Americas Corp. now owns 45,237 shares of the company’s stock valued at $1,480,000 after purchasing an additional 9,496 shares during the last quarter. Institutional investors own 37.08% of the company’s stock.

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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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