On September 20, 2024, Daniel Gill, Chief Product Officer of Carvana Co (CVNA, Financial), executed a sale of 30,000 shares of the company. The transaction was filed with the SEC and can be viewed in detail through the SEC Filing. Following this sale, the insider now owns 328,329 shares of Carvana Co.
Carvana Co (CVNA, Financial) is known for its innovative approach to buying and selling cars online. The company offers a hassle-free car buying and selling experience that is entirely online, allowing customers to shop, finance, and trade their cars without visiting a physical dealer.
Over the past year, the insider has sold a total of 116,965 shares and has not made any purchases. This recent transaction is part of a broader trend observed within the company, where there have been 95 insider sells and only 2 insider buys over the past year.
On the day of the sale, shares of Carvana Co were priced at $175, giving the company a market cap of approximately $21.69 billion. The price-earnings ratio of the stock stands at 61.46, which is significantly higher than both the industry median of 15.265 and the company's historical median.
According to the GF Value, Carvana Co is currently significantly overvalued, with a price-to-GF-Value ratio of 5.61. The GF Value, an intrinsic value estimate used by GuruFocus, is calculated based on historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates from analysts.
This sale by Daniel Gill might interest investors and analysts who track insider behaviors as indicators of confidence levels in the company's future performance.
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.
