Carvana Co. (NYSE:CVNA) Insider Paul W. Breaux Sells 1,362 Shares

Carvana Co. (NYSE:CVNA) insider Paul W. Breaux sold 1,362 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $270.08, for a total value of $367,848.96. Following the completion of the sale, the insider now directly owns 153,240 shares of the company’s stock, valued at approximately $41,387,059.20. This trade represents a 0.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Carvana Stock Down 1.2 %

CVNA opened at $267.97 on Thursday. The firm has a market cap of $55.64 billion, a P/E ratio of 26,823.82 and a beta of 3.37. The company has a debt-to-equity ratio of 18.99, a quick ratio of 2.12 and a current ratio of 3.25. The business has a 50 day moving average price of $231.41 and a 200 day moving average price of $201.73. Carvana Co. has a twelve month low of $48.15 and a twelve month high of $272.96.

Institutional Trading of Carvana

A number of institutional investors and hedge funds have recently modified their holdings of CVNA. FMR LLC grew its stake in Carvana by 90.8% in the 3rd quarter. FMR LLC now owns 12,361,790 shares of the company’s stock valued at $2,152,311,000 after buying an additional 5,882,656 shares during the last quarter. Whale Rock Capital Management LLC bought a new stake in Carvana during the third quarter valued at about $162,953,000. Norges Bank acquired a new stake in shares of Carvana in the fourth quarter valued at about $179,364,000. Vanguard Group Inc. increased its stake in shares of Carvana by 5.6% in the fourth quarter. Vanguard Group Inc. now owns 11,425,367 shares of the company’s stock worth $2,323,463,000 after purchasing an additional 610,234 shares during the period. Finally, Lord Abbett & CO. LLC lifted its position in shares of Carvana by 1,454.1% during the 3rd quarter. Lord Abbett & CO. LLC now owns 538,473 shares of the company’s stock worth $93,754,000 after purchasing an additional 503,824 shares during the last quarter. 56.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company dropped their target price on Carvana from $300.00 to $275.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Needham & Company LLC reiterated a “buy” rating and issued a $330.00 price objective on shares of Carvana in a research note on Tuesday, January 7th. Citigroup upgraded shares of Carvana from a “neutral” rating to a “buy” rating and increased their target price for the stock from $195.00 to $277.00 in a research report on Wednesday, January 8th. JPMorgan Chase & Co. boosted their price target on shares of Carvana from $300.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, Piper Sandler increased their price objective on Carvana from $151.00 to $225.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $249.29.

Carvana Company Profile

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.