Ira Platt Sells Shares of Carvana Co.
Ira Platt sold 15,000 shares of Carvana Co. on June 15.
Key Points
- Ira Platt sold 15,000 shares of Carvana Co. on June 15, 2026, with the stock trading at $68.9.
- Carvana Co. has a market cap of $49.35 billion and a P/E ratio of 39.83, with shares trading between $54.46 and $97.38 over the past year.
- RBC Capital maintained a buy rating on Carvana with an $85 target, while institutional investors like Capital Research Global Investors added 25.7 million shares.
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Ira Platt, an insider at Carvana Co., sold 15,000 shares on June 15, 2026. The transaction took place with the company's stock trading at $68.9 on the NYSE.
Insider Buying and Selling at Carvana Co.
On June 15, 2026, Ira Platt sold 15,000 shares of Carvana Co. at an average price of $67.83. This transaction was not part of a pre-planned trading strategy. In a related transaction, Danforth Quayle sold 14,525 shares on June 10, 2026, at $70.00 per share, under a planned trading arrangement.
Other Institutional Activity in Carvana Co.
In recent institutional activity, Capital Research Global Investors increased its holdings by 25,747,760 shares, reaching a total of 54,252,525 shares valued at about $3.41 billion. Meanwhile, BlackRock, Inc. reduced its stake by 928,405 shares, ending with 57,660,785 shares worth approximately $3.63 billion. Price T Rowe Associates Inc added 274,345 shares, bringing its total to 88,908,535 shares valued at $5.59 billion.
Carvana Co. Stock Down 5.4%
Shares of NYSE:CVNA traded near $68.9. Carvana Co. has a market cap of $49.35 billion and a P/E ratio of 39.83. The stock experienced a 52-week low of $54.46 and a high of $97.38. It has a 50-day moving average of $72.06 and a 200-day moving average of $73.64. Carvana maintains a current ratio of 4.09 and a quick ratio of 1.84, with a debt-to-equity ratio of 121.35.
Analysts Set New Price Targets
On June 12, 2026, RBC Capital maintained its buy rating on Carvana Co., setting a price target of $85. Evercore ISI Group also maintained a hold rating with an $86 target on June 2, 2026. Barclays reiterated its buy rating with a $93 price target on May 14, 2026. Overall, analysts have a consensus buy recommendation with a mean target price of $92.10.
About Carvana Co.
Carvana Co. operates as an e-commerce platform specializing in the buying and selling of used cars. Based in Tempe, Arizona, the company provides a comprehensive online shopping experience that includes vehicle acquisition, inspection, financing, and logistics. Founded in 2012, Carvana is led by CEO Ernest C. Garcia III and employs over 23,000 people.
Bottom Line
Ira Platt's recent sale of shares in Carvana Co. highlights ongoing insider activity within the company. Investors often track such transactions for potential insights, although these sales do not necessarily indicate a negative outlook. As of now, Carvana maintains a strong market position with positive analyst ratings and significant institutional interest.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.