Carvana director Sullivan sells $1.66 million in stock

Published 13/06/2025, 23:10
Carvana director Sullivan sells $1.66 million in stock

Gregory B. Sullivan, a director at Carvana Co. (NYSE:CVNA), recently sold 5,000 shares of the company’s Class A Common Stock. The shares were sold on June 12, 2025, at a price of $332.23 each, amounting to a total transaction value of approximately $1.66 million. The sale comes as Carvana’s stock has shown remarkable strength, delivering a 178% return over the past year and currently trading near its 52-week high of $351.43. Following this sale, Sullivan retains ownership of 44,428 shares in the company. This transaction was disclosed in a Form 4 filing with the Securities and Exchange Commission. With a market capitalization of $63.8 billion and a perfect Piotroski Score of 9, InvestingPro analysis indicates Carvana is currently trading above its Fair Value. InvestingPro subscribers have access to 20 additional key insights about CVNA, including detailed valuation metrics and growth forecasts.

In other recent news, Carvana has been the subject of multiple analyst updates, reflecting both its recent performance and future potential. BofA Securities analyst Michael McGovern increased Carvana’s stock price target to $375, maintaining a Buy rating, citing a potential shift from new to used cars and the company’s eligibility for inclusion in the S&P 500 index. Jefferies analysts also raised their price target for Carvana to $315 but maintained a Hold rating, noting a 47% year-over-year growth in retail units through early May. Meanwhile, Morgan Stanley (NYSE:MS) analysts lifted their price target to $290, retaining an Overweight rating, following a record quarter and a strong long-term outlook for Carvana.

DA Davidson maintained a Neutral rating with a price target of $260, acknowledging Carvana’s impressive performance this earnings season and its ambitious profitability targets. The firm noted that Carvana’s recent success has allowed it to surpass competitors while navigating tariff impacts with minimal concern. Analysts have highlighted Carvana’s strategic positioning in the competitive used car market, with some projecting significant growth potential. These developments come amid broader market interest in Carvana’s ability to expand its reach and achieve its ambitious goals.

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