On November 5, 2024, Gregory Sullivan, Director at Carvana Co (CVNA, Financial), executed a sale of 5,000 shares of the company. The transaction was filed on the same day with the SEC. Following this transaction, the insider now owns 53,407 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 consumers can browse, finance, and purchase vehicles.
Over the past year, Gregory Sullivan has sold a total of 10,000 shares and has not made any purchases of the company's stock. This recent sale is part of a broader trend within Carvana Co, where insider transactions over the past year have included 2 buys and 115 sells.
Shares of Carvana Co were priced at $235 on the day of the transaction. The company's market cap is approximately $30.70 billion. According to the GF Value, an intrinsic value estimate developed by GuruFocus, Carvana Co is currently significantly overvalued. The GF Value of $32.97 suggests a price-to-GF-Value ratio of 7.13.
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, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This sale by the insider at Carvana Co aligns with a broader pattern of insider selling, which could be of interest to current and potential investors monitoring insider behaviors and company valuation metrics.
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.
