Carvana Co. (CVNA) Insider Trading: What Insights Can Be Gained?


As of Wednesday close, Carvana Co.’s (NYSE:CVNA) stock was up $1.32, moving up 19.41 percent to $8.12. The average number of shares traded per day over the past five days has been 18,471,340 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.43 fall in that time frame. In the last twenty days, the average volume was 24,922,480, while in the previous 50 days, it was 16,513,771.

Since last month, CVNA stock retreated -46.86%. Shares of the company fell to $6.50 on 11/08/22, the lowest level in the past month. A 52-week high of $296.70 was reached on 01/04/22 after having rallying from a 52-week low of $6.50. Since the beginning of this year, CVNA’s stock price has dropped by -96.50% or -$223.67, and marked a new high 2 times. However, the stock has declined by -97.26% since its 52-week high.

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CVNA stock investors should be aware that Carvana Co. (CVNA) stock had its last reported insider trading activity 3 days ago on Nov 22. Taira Thomas, the President, Special Projects of the company, purchased of 35,000 shares for $6.86 on Nov 22. It resulted in a $240,100 investment by the insider. GILL DANIEL J. added 133,000 shares at an average price of $7.62 on Nov 21. The insider now owns 263,415 shares following the transaction. On Nov 14, Director SULLIVAN GREGORY B bought 8,000 shares at $10.00 apiece. The transaction was valued at $80,000.

Valuation Metrics

The stock’s beta is 2.43. Besides these, the trailing price-to-sales (P/S) ratio of 0.11, the price-to-book (PB) ratio of 3.14.

Financial Health

In the three months ended September 29, Carvana Co.’s quick ratio stood at 1.00, while its current ratio was 2.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 24.15, and the total debt-to-equity ratio was 27.02. On the profitability front, the trailing twelve-month gross margin is 10.80% percent. In the year ended September 29, operating margins totaled -11.20%. Based on annual data, CVNA earned $1.93 billion in gross profit and brought in $12.81 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -5.00%. Return on equity (ROE) for the past 12 months was -290.20%.

In Carvana Co.’s quarter-end financial report for September 29, it reported total debt of $6.62 billion against cash and short-term investments of $350.0 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. CVNA’s revenue fell -2.78% to $3.88 billion during the quarter, while net income inched up to $3.39 billion. While analysts expected Carvana Co. to report -$1.94 quarterly earnings, the actual figure was -$2.67 per share, beating the consensus estimate by -37.60%. During the quarter, the company generated -$211.0 million in EBITDA. The liabilities of Carvana Co. were 9.25 billion at the end of its most recent quarter ended September 29, and its total debt was $8.07 billion. The value of shareholders’ equity is $188.85 million.

Technical Picture

This quick technical analysis looks at Carvana Co.’s (CVNA) price momentum. With a historical volatility rate of 197.03%, the RSI 9-day stood at 39.95% on 23 November.

With respect to its five-day moving average, the current Carvana Co. price is down by -5.03% percent or -$0.43. At present, CVNA shares trade -46.23% below its 20-day simple moving average and -70.56% percent below its 100-day simple moving average. However, the stock is currently trading approximately -77.49% below its SMA50 and -94.70% below its SMA200.

Stochastic coefficient K was 11.04% and Stochastic coefficient D was 11.22%, while ATR was 1.59. Given the Stochastic reading of 23.14% for the 14-day period, the RSI (14) reading has been calculated as 37.42%. As of today, the MACD Oscillator reading stands at -1.39, while the 14-day reading stands at -1.22.

Analyst Ratings

Carvana Co. downgraded its rating on Carvana Co. (NYSE: CVNA) to a Neutral in a note to investors on November 22, 2022. The analysts firm previously had an Outperform rating on the stock.Carvana Co. (CVNA) has been rated Hold by analysts. According to 1 brokerage firm, CVNA is a sell, and 18 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Carvana Co. stock as buy, with 7 recommending it as overweight.

With a median target price of $15.50, the current consensus forecast for the stock is $5.00 – $50.00. Based on these forecasts, analysts predict Carvana Co. (CVNA) will achieve an average price target of $19.94.


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