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Carvana Co. (NYSE:CVNA) Chief Operating Officer Benjamin E. Huston has sold a significant portion of his holdings in the company. According to a recent SEC filing, Huston sold a total of 50,000 shares of Carvana's Class A common stock. These transactions, executed on April 7, 2025, were carried out at prices ranging from $150.41 to $152.27 per share, resulting in a total sale value of approximately $7.54 million. The stock has since risen to $220.34, reflecting the company's strong performance with a 163% return over the past year.
Following these transactions, Huston continues to hold 123,803 shares directly. The sales were made under a pre-established Rule 10b5-1 trading plan, which allows insiders to set up a schedule for selling stocks to avoid concerns about insider trading.
In addition to the stock sales, the filing also reported an acquisition of 26,710 shares through the conversion of Class B units, though these were not part of a sale and were acquired at no cost. This conversion was part of an exchange agreement allowing holders of Class B units to convert them into Class A common stock.
Carvana, based in Tempe, Arizona, is a prominent player in the online used car retail market, now valued at $47.5 billion. The company's strong financial health is evidenced by its healthy current ratio of 3.64 and impressive revenue growth of 27%. According to InvestingPro analysis, the stock is currently trading near its Fair Value, with 14 additional ProTips available for subscribers looking to make informed investment decisions.
In other recent news, Carvana has been the subject of various analyst evaluations and price target adjustments. Citi analysts lowered their price target for Carvana to $280 while maintaining a Buy rating, noting a stronger-than-expected performance in retail unit sales during the first quarter. They reported a 46% year-over-year increase in sales, reaching 134,000 units, although they expressed caution due to macroeconomic uncertainties. Meanwhile, JMP Securities adjusted their price target to $275 from $340, maintaining a Market Outperform rating. They highlighted Carvana's potential to gain market share despite challenges in the broader automotive market.
BTIG maintained a Buy rating for Carvana with a $295 price target, observing a decrease in discounting on Carvana's platform and expecting a positive impact on retail gross profit per unit in the second quarter of 2025. Jefferies, on the other hand, lowered their price target to $230, keeping a Hold rating, citing potential macroeconomic challenges despite an anticipated increase in retail units and gross profit per unit. JMP Securities also reaffirmed their Market Outperform rating with a $340 target, emphasizing the integration of ADESA sites as a key growth driver. These developments reflect a mix of optimism and caution among analysts regarding Carvana's future performance in the evolving used car market.
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