Vice President of Accounting Stephen Palmer sold 5,480 shares of Carvana Co (CVNA, Financial) on May 2, 2024, as reported in a recent SEC Filing. The transaction occurred at a price of $88.38 per share, totaling approximately $484,142.40.
Carvana Co operates an e-commerce platform for buying and selling used cars in the United States. It is known for its automated car vending machines and offers a unique car buying experience with a focus on customer satisfaction.
Over the past year, Stephen Palmer has sold a total of 11,528 shares of the company and has not made any purchases. The insider transaction history for Carvana Co shows a trend with 2 insider buys and 28 insider sells over the past year.
Shares of Carvana Co were trading at $88.38 on the day of the transaction, giving the company a market cap of approximately $14.23 billion. The price-earnings ratio of the stock stands at 56.33, which is above the industry median of 16.94.
According to the GF Value, the intrinsic value estimate for Carvana Co is $26.21 per share, making the stock significantly overvalued with a price-to-GF-Value ratio of 3.37.
The GF Value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted by a GuruFocus factor and future business performance estimates from analysts.
This sale by the insider might be of interest to investors tracking insider behaviors and evaluating market sentiments towards Carvana Co.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
