Caravan Co. (NYSE:CVNA) Insider Sells $5,250,000.00 in Stock

Caravan Co. (NYSE:CVNA – Get Your Free Report ) Daniel J. Gill sold 30,000 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $175.00, for a total transaction of $5,250,000.00. Following the sale, the insider now directly owns 328,329 shares of the company’s stock, valued at $57,457,575. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC’s website.

Carvana stock 0.8%

Shares of CVNA traded up $1.40 during midday trading on Monday, reaching $175.25. The company’s stock had a trading volume of 4,045,735 shares, compared to its average volume of 5,110,847. The company has a market cap of $35.50 billion, a price-to-earnings ratio of 76.25 and a beta of 3.43. Caravan Co. has a 1 year low of $25.09 and a 1 year high of $176.33. The company has a quick ratio of 2.02, a current ratio of 3.11, and a debt-to-equity ratio of 47.20. The company has a fifty day moving average of $143.11 and a 200 day moving average of $115.60.

Carvana (NYSE:CVNA – Get Free Report ) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.14 EPS for the quarter. The company had revenue of $3.41 billion for the quarter, compared to analysts’ expectations of $3.23 billion. As a group, analysts estimate that Carvana Co. will post 0.18 earnings per share for the current fiscal year.

Carvana Institutional Trading

Large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Carvana by 7.0% during the 4th quarter. Vanguard Group Inc. now owns 10,023,579 shares of the company’s stock worth $530,648,000 after purchasing an additional 655,603 shares during the period. Rafferty Asset Management LLC lifted 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 worth $2,318,000 after purchasing an additional 12,193 shares during the period. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV raised its position in Carvana by 17.6% in the fourth quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV now owns 500,000 shares of the company’s stock worth $26,470,000 after purchasing an additional 75,000 shares during the period. Tidal Investments LLC bought a new position in Carvana in the first quarter worth $1,783,000. Finally, US Bancorp DE raised its position in Carvana by 724.5% in the first quarter. US Bancorp DE now owns 5,549 shares of the company’s stock valued at $488,000 after acquiring an additional 4,876 shares during the period. 56.71% of shares are owned by institutional investors.

Analyst upgrades and downgrades

CVNA has been the subject of a number of research reports. JPMorgan Chase & Co. upped their target price on shares of Carvana from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Piper Sandler upped their target price on shares of Carvana from $105.00 to $151.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Needham & Company LLC upped their target price on Carvana from $160.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Wedbush raised shares of Carvana to a “neutral” rating and upped their target price for the company from $120.00 to $150.00 in a report on Monday, August 19th. Finally, Bank of America reaffirmed a “buy” rating and issued a $185.00 target price on shares of Carvana in a report on Tuesday, September 17th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $153.88.

Read the latest stock analysis on CVNA

About the Caravan

(Get a free report)

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 the company’s 360-degree vehicle imaging technology; get financing and warranty coverage; vehicle purchase; and schedule delivery or pickup from your desktop or mobile devices.

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