Carvana Co. (NYSE:CVNA) Insider Purchases $488,550.00 in Stock

Carvana Co. (NYSE:CVNAGet Rating) insider Paul W. Breaux purchased 15,000 shares of the business’s stock in a transaction that occurred on Friday, May 20th. The stock was acquired at an average price of $32.57 per share, for a total transaction of $488,550.00. Following the acquisition, the insider now owns 49,240 shares in the company, valued at approximately $1,603,746.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of CVNA stock opened at $30.96 on Thursday. The stock’s fifty day moving average is $84.73 and its two-hundred day moving average is $157.92. The company has a debt-to-equity ratio of 63.19, a quick ratio of 0.47 and a current ratio of 1.36. The firm has a market capitalization of $5.36 billion, a P/E ratio of -7.68 and a beta of 2.56. Carvana Co. has a fifty-two week low of $25.69 and a fifty-two week high of $376.83.

Carvana (NYSE:CVNAGet Rating) last announced its quarterly earnings data on Wednesday, April 20th. The company reported ($2.89) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.72) by ($1.17). The firm had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.37 billion. Carvana had a negative net margin of 2.55% and a negative return on equity of 69.88%. The company’s revenue for the quarter was up 55.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.46) EPS. On average, equities analysts forecast that Carvana Co. will post -6.8 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the business. Assetmark Inc. acquired a new stake in shares of Carvana in the 3rd quarter worth $30,000. OLD Second National Bank of Aurora acquired a new stake in shares of Carvana in the 3rd quarter worth $30,000. Sandy Cove Advisors LLC acquired a new stake in shares of Carvana in the 4th quarter worth $33,000. Lloyd Advisory Services LLC. increased its stake in shares of Carvana by 66.3% in the 4th quarter. Lloyd Advisory Services LLC. now owns 173 shares of the company’s stock worth $40,000 after acquiring an additional 69 shares during the last quarter. Finally, HM Payson & Co. acquired a new stake in shares of Carvana in the 4th quarter worth $45,000.

Several equities analysts recently weighed in on CVNA shares. Evercore ISI upgraded shares of Carvana from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $175.00 to $210.00 in a report on Friday, February 25th. Stifel Nicolaus increased their price target on shares of Carvana from $40.00 to $48.00 in a report on Monday, May 16th. Stephens lowered their price objective on Carvana from $200.00 to $167.00 and set an “equal weight” rating on the stock in a research report on Monday, February 28th. DA Davidson lowered their price objective on Carvana from $140.00 to $49.00 and set a “na” rating on the stock in a research report on Monday, May 16th. Finally, Piper Sandler lowered their price objective on Carvana from $130.00 to $98.00 and set a “neutral” rating on the stock in a research report on Thursday, April 21st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $158.43.

About Carvana (Get Rating)

Carvana Co, together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States. The company's 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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