Carvana (CVNA) Expected to Announce Quarterly Earnings on Wednesday

Core Viewpoint - Carvana is experiencing significant activity in its stock, with notable insider transactions, institutional investments, and varying analyst ratings impacting its market performance. Financial Performance - Carvana shares opened at $391.81, with a market capitalization of $85.23 billion, a P/E ratio of 89.45, and a 12-month price range between $148.25 and $486.89 [1] - The company has a debt-to-equity ratio of 1.63, a current ratio of 4.05, and a quick ratio of 2.55 [1] Insider Transactions - COO Benjamin E. Huston sold 40,000 shares at an average price of $439.50, totaling $17,580,000, reducing his position by 28.42% [2] - Insider Paul W. Breaux sold 20,000 shares at an average price of $438.50, totaling $8,770,000, representing a 22.40% decrease in ownership [2] - In the last 90 days, insiders sold a total of 419,304 shares valued at $179,171,777, with corporate insiders owning 16.36% of the stock [2] Institutional Investments - Viking Global Investors LP increased its stake by 94.9%, owning 2,101,241 shares worth $792,672,000 after acquiring 1,023,265 shares [3] - Invesco Ltd. raised its position by 96.8%, now holding 1,445,018 shares valued at $545,119,000 [3] - Amundi boosted its stake by 181.5%, owning 827,606 shares valued at $305,883,000 [3] - Institutional investors collectively own 56.71% of Carvana's stock [3] Analyst Ratings and Price Targets - Wedbush raised its target price from $400.00 to $500.00, maintaining an "outperform" rating [5] - Jefferies Financial Group increased its price target from $475.00 to $550.00, giving a "buy" rating [5] - UBS Group raised its target from $450.00 to $545.00, also rating it as a "buy" [5] - The consensus rating for Carvana is "Moderate Buy" with a price target of $474.27 [7] Company Overview - Carvana operates as an online-only retailer of used vehicles, providing a digital platform for buying and selling cars [8] - The company offers services including direct retail sales, trade-in offers, vehicle financing, and a seven-day return policy [9]