<div id="readability-page-1"><p>Carvana Co. (NYSE:CVNA - Get Free Report) major shareholder Ernest C. Garcia II sold 100,000 shares of the firm's stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $155.00, for a total transaction of $15,500,000.00. Following the sale, the insider now directly owns 40,058,131 shares of the company's stock, valued at $6,209,010,305. The transaction was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.</p><ul><li>Albemarle Jumps as Lithium Stock Buying Frenzy Takes Off</li></ul><p>Ernest C. Garcia II also recently made the following trade(s): </p><ul><li>On Monday, September 9th, Ernest C. Garcia II sold 75,000 shares of Carvana stock. The shares were sold at an average price of $135.73, for a total transaction of $10,179,750.00. </li><li>On Thursday, September 5th, Ernest C. Garcia II sold 75,000 shares of Carvana stock. The stock was sold at an average price of $141.72, for a total value of $10,629,000.00. </li><li>On Friday, August 30th, Ernest C. Garcia II sold 100,000 shares of Carvana stock. The shares were sold at an average price of $149.16, for a total value of $14,916,000.00. </li><li>On Wednesday, August 28th, Ernest C. Garcia II sold 100,000 shares of Carvana stock. The stock was sold at an average price of $155.69, for a total value of $15,569,000.00. </li><li>On Monday, August 26th, Ernest C. Garcia II sold 9,186 shares of Carvana stock. The stock was sold at an average price of $156.95, for a total transaction of $1,441,742.70. </li><li>On Friday, July 12th, Ernest C. Garcia II sold 37,500 shares of Carvana stock. The shares were sold at an average price of $136.63, for a total transaction of $5,123,625.00. </li></ul><h2>Carvana Stock Performance</h2><p>Shares of NYSE:CVNA traded up $9.09 during trading hours on Thursday, hitting $170.72. The stock had a trading volume of 5,169,927 shares, compared to its average volume of 5,115,372. The stock's fifty day simple moving average is $141.54 and its 200 day simple moving average is $114.04. The firm has a market capitalization of $34.58 billion, a price-to-earnings ratio of 74.49 and a beta of 3.43. The company has a debt-to-equity ratio of 47.20, a quick ratio of 2.02 and a current ratio of 3.11. Carvana Co. has a 1-year low of $25.09 and a 1-year high of $171.67. </p><br/><ul><li>Carvana Hits Record Milestones in Q2 With More to Come in 2024</li></ul><p>Carvana (NYSE:CVNA - Get Free Report) last posted its earnings results on Wednesday, July 31st. The company reported $0.14 EPS for the quarter. The business had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.23 billion. Sell-side analysts anticipate that Carvana Co. will post 0.18 earnings per share for the current fiscal year. </p><h2>Institutional Investors Weigh In On Carvana</h2><p>Hedge funds and other institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD increased its position in shares of Carvana by 39.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,459,065 shares of the company's stock valued at $655,727,000 after purchasing an additional 2,112,463 shares during the period. Vanguard Group Inc. boosted its stake in Carvana by 7.0% during the fourth quarter. Vanguard Group Inc. now owns 10,023,579 shares of the company's stock valued at $530,648,000 after buying an additional 655,603 shares in the last quarter. Sylebra Capital LLC acquired a new position in Carvana during the second quarter worth about $67,686,000. Senator Investment Group LP bought a new stake in Carvana in the second quarter worth about $63,767,000. Finally, Driehaus Capital Management LLC lifted its holdings in Carvana by 124.9% in the 2nd quarter. Driehaus Capital Management LLC now owns 581,787 shares of the company's stock valued at $74,888,000 after acquiring an additional 323,153 shares during the last quarter. 56.71% of the stock is currently owned by institutional investors. </p><h2>Wall Street Analysts Forecast Growth</h2><ul><li>It’s Time to Rotate Into These Russell 2000 Stocks </li></ul><p>A number of brokerages have recently issued reports on CVNA. Piper Sandler upped their target price on shares of Carvana from $105.00 to $151.00 and gave the company a &#34;neutral&#34; rating in a research note on Thursday, August 1st. Robert W. Baird began coverage on Carvana in a research note on Thursday, August 1st. They set a &#34;neutral&#34; rating and a $160.00 price objective on the stock. Wedbush upgraded Carvana to a &#34;neutral&#34; rating and lifted their target price for the stock from $120.00 to $150.00 in a research report on Monday, August 19th. JPMorgan Chase &amp; Co. boosted their price target on Carvana from $150.00 to $155.00 and gave the company an &#34;overweight&#34; rating in a report on Friday, July 19th. Finally, DA Davidson raised their price objective on Carvana from $110.00 to $155.00 and gave the stock a &#34;neutral&#34; rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of &#34;Hold&#34; and an average target price of $153.88.</p><p><b>View Our Latest Analysis on CVNA</b></p><h2>Carvana Company Profile</h2> (Get Free Report)<p>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.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Carvana</li><li>Market Cap Calculator: How to Calculate Market Cap</li><li>Edgewise Therapeutics Soars 50%: Key Reasons Behind the Surge</li><li>How to Read Stock Charts for Beginners</li><li>How the Fed’s Rate Cut Could Supercharge These 3 ETFs</li><li>How to Know Which Cryptocurrency to Buy: A Guide for Investors</li><li>Microsoft Stock: 3 Reasons It’s Ready to Crush Q4</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/InsiderTradesChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUNWTkE?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/InsiderTradesChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUNWTkE"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. 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MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Carvana wasn't on the list.</p><p>While Carvana currently has a &#34;Hold&#34; rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p> </div>

CVNA

<p>Carvana Co. (NYSE:CVNA) major shareholder Ernest C. Garcia II sold 100,000 shares on September 17 for $500,000. Post-sale, he owns 40,058,131 shares valued at approximately $1.21 billion. This transaction was disclosed to the SEC. Garcia has made several recent sales, including 75,000 shares on September 9 and 100,000 shares on August 30. Carvana's stock traded at $72.09 with a market cap of $5.58 billion and a P/E ratio of 74.49. Institutional investors hold 56.71% of the stock.</p>

Carvana Co. (NYSE:CVNA) Major Shareholder Sells $15,500,000.00 in Stock