Carvana Co.

New York Stock Exchange
Back to all articles
Bullish +62

Insider Selling: Carvana (NYSE:CVNA) Insider Sells $1,184,967.62 in Stock

AI-generated analysis

📉 Insider Thomas Taira sold 16,789 shares of Carvana stock for $1,184,967.62 under a pre-arranged Rule 10b5-1 trading plan on September 14th.

💰 Following the sale, insider Thomas Taira retains 366,987 shares valued at approximately $25.9 million, representing a 4.37% decrease in his position.

📈 Carvana reported quarterly EPS of $0.42, beating analyst estimates of $0.39, with revenue reaching $7.38 billion against expectations of $6.90 billion.

🚀 Revenue for the quarter increased by 52.4% year-over-year, demonstrating strong top-line growth and market expansion for the online used-car retailer.

💵 The company achieved a net margin of 6.26% and a return on equity of 37.06%, highlighting efficient operations and profitability.

🏦 Capital Research Global Investors increased its Carvana holdings by 42.9% in the fourth quarter, now owning over 5.7 million shares.

📊 Geode Capital Management LLC boosted its position by 55.4% in the fourth quarter, adding 1.38 million shares to its portfolio.

🔍 Institutional ownership stands at 56.71%, with major funds like Sands Capital and Capital World Investors also increasing their stakes recently.

🎯 UBS Group reiterated a 'buy' rating on Carvana with a price target of $83.00, signaling continued analyst confidence in the stock.

📉 Deutsche Bank Aktiengesellschaft maintained a 'buy' rating and set a price objective of $80.00 for the company's shares.

📊 The average analyst price target is currently $84.14, with 16 out of 24 analysts issuing buy or strong buy ratings on the stock.

Bullish Signals
  • Carvana reported quarterly EPS of $0.42, surpassing analyst consensus estimates of $0.39 by $0.03.
  • Revenue reached $7.38 billion for the quarter, exceeding analyst expectations of $6.90 billion and growing 52.4% year-over-year.
  • The company achieved a net margin of 6.26% and a return on equity of 37.06%, indicating strong profitability.
  • Capital Research Global Investors increased its holdings by 42.9% in the fourth quarter, adding over 1.7 million shares.
  • Geode Capital Management LLC boosted its position by 55.4% in the fourth quarter, acquiring an additional 1.38 million shares.
  • UBS Group reiterated a 'buy' rating with a price target of $83.00, maintaining confidence in the company's outlook.
  • Deutsche Bank Aktiengesellschaft maintained a 'buy' rating and set a price objective of $80.00 for Carvana stock.
  • Institutional ownership remains strong at 56.71%, with multiple major funds increasing their stakes in the fourth quarter.
Risk Factors
  • Insider Thomas Taira sold 16,789 shares of stock for $1.18 million, representing a 4.37% reduction in his position.
  • Jefferies Financial Group lowered its price objective on Carvana from $95.00 to $90.00 in a recent research note.
Full Analysis
Carvana Co. (NYSE:CVNA) insider Thomas Taira executed a pre-arranged Rule 10b5-1 trading plan to sell 16,789 shares of the company's stock on September 14th. The transaction averaged $70.58 per share, resulting in a total sale value of approximately $1.18 million. Following this sale, Taira retained 366,987 shares, representing a 4.37% reduction in his overall position, with the remaining holdings valued at roughly $25.9 million. Financially, Carvana reported strong quarterly performance ending July 29th, beating analyst consensus estimates for earnings per share and revenue. The company posted $0.42 EPS compared to a consensus of $0.39, driven by revenue of $7.38 billion which exceeded expectations of $6.90 billion. Year-over-year revenue growth was significant at 52.4%, while the firm achieved a net margin of 6.26% and a return on equity of 37.06%. The stock currently trades with a market capitalization of $71.95 billion. Institutional investor sentiment remains robust, with several major funds significantly increasing their stakes in the fourth quarter. Capital Research Global Investors raised its holdings by 42.9%, while Geode Capital Management and Sands Capital Management boosted positions by 55.4% and 44.4% respectively. Hedge funds and other institutional investors collectively own 56.71% of the company's outstanding stock, indicating continued confidence in the business model despite recent insider activity. Analyst coverage for Carvana is predominantly positive, with major banks maintaining buy or overweight ratings. Royal Bank of Canada set a price objective of $82.00, while UBS Group and Deutsche Bank Aktiengesellschaft issued targets of $83.00 and $80.00 respectively. Although Jefferies Financial Group lowered its target from $95.00 to $90.00 and Barclays reduced theirs slightly, the aggregate average price target stands at $84.14 according to MarketBeat.com, reflecting a moderate buy consensus.