Carvana Co. (NYSE:CVNA) CFO Mark W. Jenkins Sells 43,433 Shares

Carvana Co. (NYSE:CVNA) CFO Mark W. Jenkins sold 43,433 shares of the business’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $209.27, for a total value of $9,089,223.91. Following the sale, the chief financial officer now directly owns 214,678 shares in the company, valued at $44,925,665.06. This trade represents a 16.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Carvana Trading Up 6.3 %

Shares of NYSE CVNA traded up $13.48 during mid-day trading on Wednesday, hitting $226.07. The stock had a trading volume of 4,625,171 shares, compared to its average volume of 3,922,458. Carvana Co. has a 1 year low of $67.61 and a 1 year high of $292.84. The firm has a market cap of $48.19 billion, a P/E ratio of 143.99 and a beta of 3.56. The company has a debt-to-equity ratio of 3.82, a quick ratio of 2.12 and a current ratio of 3.64. The business has a 50 day moving average price of $226.42 and a two-hundred day moving average price of $219.06.

Carvana (NYSE:CVNA) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.27. The business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.32 billion. Carvana had a return on equity of 36.59% and a net margin of 1.54%. On average, equities analysts anticipate that Carvana Co. will post 2.85 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. William Blair reiterated an “outperform” rating on shares of Carvana in a research report on Thursday, February 20th. DA Davidson boosted their price objective on shares of Carvana from $220.00 to $260.00 and gave the stock a “neutral” rating in a research note on Thursday, February 20th. Royal Bank of Canada upped their price target on shares of Carvana from $280.00 to $320.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Wedbush set a $250.00 price objective on Carvana and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Finally, Stephens restated an “overweight” rating and set a $300.00 target price on shares of Carvana in a research note on Monday, March 3rd. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Carvana currently has an average rating of “Moderate Buy” and an average price target of $261.53.

Institutional Trading of Carvana

Institutional investors and hedge funds have recently bought and sold shares of the company. Quent Capital LLC bought a new position in Carvana in the 4th quarter valued at approximately $28,000. Global Retirement Partners LLC lifted its holdings in shares of Carvana by 109.9% during the fourth quarter. Global Retirement Partners LLC now owns 149 shares of the company’s stock valued at $30,000 after purchasing an additional 78 shares in the last quarter. Rialto Wealth Management LLC purchased a new stake in shares of Carvana during the fourth quarter valued at $31,000. ORG Wealth Partners LLC bought a new stake in Carvana in the 4th quarter worth about $34,000. Finally, Versant Capital Management Inc purchased a new position in Carvana in the 4th quarter worth about $42,000. 56.71% of the stock is currently owned by institutional investors.

Carvana Company Profile

Carvana Co, together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States. Its platform allows customers to research and identify a vehicle; inspect it using company's 360-degree vehicle imaging technology; obtain financing and warranty coverage; purchase the vehicle; and schedule delivery or pick-up from their desktop or mobile devices.