Carvana (NYSE:CVNA) Stock Price Down 9.5% – Should You Sell?

Carvana Co. (NYSE:CVNA) fell 9.5% during trading on Monday . The company traded as low as $170.11 and last traded at $170.50. 1,037,508 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 3,812,941 shares. The stock had previously closed at $188.47.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Evercore ISI upped their target price on Carvana from $240.00 to $245.00 and gave the company an “in-line” rating in a report on Tuesday, December 3rd. DA Davidson boosted their price target on shares of Carvana from $220.00 to $260.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. Robert W. Baird lifted their price objective on shares of Carvana from $200.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. Needham & Company LLC reiterated a “buy” rating and set a $340.00 price target on shares of Carvana in a research note on Friday. Finally, Stephens reaffirmed an “overweight” rating and issued a $300.00 price objective on shares of Carvana in a report on Monday, March 3rd. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, Carvana currently has a consensus rating of “Moderate Buy” and a consensus target price of $265.94.

Carvana Trading Down 10.0 %

The firm’s 50 day moving average is $231.41 and its 200 day moving average is $213.67. The company has a debt-to-equity ratio of 3.82, a current ratio of 3.64 and a quick ratio of 2.12. The company has a market capitalization of $36.17 billion, a PE ratio of 108.27 and a beta of 3.56.

Carvana (NYSE:CVNA) last announced its earnings results on Wednesday, February 19th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.27. The company had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.32 billion. Carvana had a return on equity of 36.59% and a net margin of 1.54%. As a group, equities analysts predict that Carvana Co. will post 2.85 EPS for the current year.

Insider Buying and Selling

In related news, CFO Mark W. Jenkins sold 28,422 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $288.85, for a total value of $8,209,694.70. Following the sale, the chief financial officer now owns 219,962 shares in the company, valued at $63,536,023.70. This represents a 11.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Paul W. Breaux sold 1,362 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $270.08, for a total transaction of $367,848.96. Following the completion of the transaction, the insider now owns 153,240 shares of the company’s stock, valued at approximately $41,387,059.20. The trade was a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 119,629 shares of company stock valued at $30,866,419 over the last three months. Corporate insiders own 17.12% of the company’s stock.

Institutional Investors Weigh In On Carvana

Large investors have recently made changes to their positions in the company. Quent Capital LLC bought a new stake in shares of Carvana during the 4th quarter valued at $28,000. Global Retirement Partners LLC raised its position in shares of Carvana by 109.9% during the fourth quarter. Global Retirement Partners LLC now owns 149 shares of the company’s stock valued at $30,000 after buying an additional 78 shares during the last quarter. Rialto Wealth Management LLC bought a new position in shares of Carvana during the fourth quarter worth $31,000. ORG Wealth Partners LLC bought a new stake in Carvana in the 4th quarter valued at $34,000. Finally, Capital Performance Advisors LLP purchased a new stake in Carvana in the 3rd quarter worth $40,000. 56.71% of the stock is currently owned by institutional investors.

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.