On October 24, 2024, Daniel Gill, Chief Product Officer of Carvana Co (CVNA, Financial), executed a sale of 44,000 shares of the company. The transaction was filed on the same day with the SEC. Following this sale, the insider now owns 283,287 shares of Carvana Co.
Carvana Co is known for its innovative approach to buying and selling cars online. The company offers a hassle-free car buying experience with a focus on customer satisfaction, featuring a fully transactional website where customers can shop for cars, obtain financing, and arrange for vehicle delivery or pickup.
Over the past year, Daniel Gill has sold a total of 160,965 shares and has not made any purchases of the company's stock. This recent transaction is part of a broader trend within Carvana Co, where insider activity has predominantly consisted of sales. Over the last year, there have been 108 insider sales and only 2 insider buys.
Shares of Carvana Co were priced at $200.11 on the day of the sale, positioning the company with a market cap of approximately $24.79 billion. The price-earnings ratio stands at 69.24, significantly above both the industry median of 16.06 and the company's historical median.
According to the GF Value, Carvana Co is currently significantly overvalued. The GF Value, set at $33.28, suggests a price-to-GF-Value ratio of 6.01, indicating that the stock's current price is much higher than its estimated intrinsic value based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates from analysts.
This insider sale could be of interest to investors tracking insider behaviors as an indicator of company performance and valuation concerns, especially considering the stock's current valuation metrics and the overall trend of insider transactions at 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.
