Carvana Co (NYSE:CVNA) major shareholder Ddfs Partnership Lp sold 880,599 shares of the company’s stock in a transaction on Monday, September 17th. The shares were sold at an average price of $61.45, for a total transaction of $54,112,808.55. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Ddfs Partnership Lp also recently made the following trade(s):

  • On Thursday, September 13th, Ddfs Partnership Lp sold 896,542 shares of Carvana stock. The shares were sold at an average price of $64.93, for a total transaction of $58,212,472.06.
  • On Tuesday, September 11th, Ddfs Partnership Lp sold 253,877 shares of Carvana stock. The shares were sold at an average price of $69.30, for a total transaction of $17,593,676.10.

Shares of NYSE CVNA traded down $3.16 during mid-day trading on Monday, reaching $60.27. The company had a trading volume of 1,998,100 shares, compared to its average volume of 910,287. The company has a current ratio of 1.47, a quick ratio of 0.78 and a debt-to-equity ratio of 0.29. The stock has a market cap of $9.45 billion, a PE ratio of -49.75 and a beta of -1.25. Carvana Co has a 52 week low of $12.17 and a 52 week high of $72.59.

Carvana (NYSE:CVNA) last posted its quarterly earnings results on Wednesday, August 8th. The company reported ($0.37) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.34) by ($0.03). The company had revenue of $475.29 million during the quarter, compared to the consensus estimate of $425.16 million. Carvana had a negative return on equity of 33.44% and a negative net margin of 5.30%. The company’s revenue for the quarter was up 127.0% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.28) earnings per share. sell-side analysts forecast that Carvana Co will post -1.49 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. First Mercantile Trust Co. bought a new position in Carvana during the 2nd quarter worth about $122,000. Global X Management Co LLC bought a new position in Carvana during the 2nd quarter worth about $124,000. Legal & General Group Plc grew its holdings in Carvana by 61.1% during the 2nd quarter. Legal & General Group Plc now owns 4,251 shares of the company’s stock worth $177,000 after acquiring an additional 1,612 shares in the last quarter. United Services Automobile Association bought a new position in Carvana during the 2nd quarter worth about $206,000. Finally, Wsfs Capital Management LLC bought a new position in Carvana during the 2nd quarter worth about $208,000. Hedge funds and other institutional investors own 25.98% of the company’s stock.

Several equities research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Carvana from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th. JMP Securities increased their target price on shares of Carvana from $35.00 to $63.00 and gave the company a “market outperform” rating in a research note on Thursday, August 9th. Bank of America increased their target price on shares of Carvana from $35.00 to $45.00 and gave the company a “positive” rating in a research note on Wednesday, June 27th. BMO Capital Markets reissued a “hold” rating and issued a $35.00 target price on shares of Carvana in a research note on Friday, July 13th. Finally, Robert W. Baird increased their target price on shares of Carvana from $33.00 to $53.00 and gave the company an “outperform” rating in a research note on Monday, July 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. Carvana currently has an average rating of “Buy” and a consensus price target of $47.19.

About Carvana

Carvana Co, together with its subsidiaries, operates an e-commerce platform for buying used cars in the United States. The company purchases, reconditions, sells, and delivers vehicles. 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.

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Insider Buying and Selling by Quarter for Carvana (NYSE:CVNA)

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