Insider Selling: Carvana Co. (NYSE:CVNA) CFO Sells 20,000 Shares of Stock

Carvana Co. (NYSE:CVNA) CFO Mark W. Jenkins sold 20,000 shares of Carvana stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $275.68, for a total transaction of $5,513,600.00. Following the transaction, the chief financial officer now directly owns 199,962 shares in the company, valued at approximately $55,125,524.16. This trade represents a 9.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Carvana Trading Down 12.0 %

CVNA opened at $248.03 on Friday. The stock has a market capitalization of $51.50 billion, a PE ratio of 24,827.83 and a beta of 3.37. The firm’s fifty day moving average price is $234.85 and its 200 day moving average price is $207.18. The company has a debt-to-equity ratio of 18.99, a current ratio of 3.25 and a quick ratio of 2.12. Carvana Co. has a 12-month low of $48.15 and a 12-month high of $292.84.

Carvana (NYSE:CVNA) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.27. The company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.32 billion. As a group, research analysts expect that Carvana Co. will post 0.87 EPS for the current fiscal year.

Institutional Trading of Carvana

Several institutional investors have recently added to or reduced their stakes in CVNA. FMR LLC increased its stake in Carvana by 90.8% during the third quarter. FMR LLC now owns 12,361,790 shares of the company’s stock valued at $2,152,311,000 after purchasing an additional 5,882,656 shares during the last quarter. Whale Rock Capital Management LLC bought a new stake in Carvana during the third quarter valued at $162,953,000. Norges Bank bought a new stake in Carvana during the fourth quarter valued at $179,364,000. Vanguard Group Inc. increased its stake in Carvana by 5.6% during the fourth quarter. Vanguard Group Inc. now owns 11,425,367 shares of the company’s stock valued at $2,323,463,000 after purchasing an additional 610,234 shares during the last quarter. Finally, Castle Hook Partners LP bought a new stake in Carvana during the fourth quarter valued at $116,020,000. Institutional investors own 56.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CVNA shares. JPMorgan Chase & Co. lifted their price target on shares of Carvana from $300.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Robert W. Baird lifted their price target on shares of Carvana from $200.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday. Evercore ISI lifted their price target on shares of Carvana from $240.00 to $245.00 and gave the company an “in-line” rating in a research report on Tuesday, December 3rd. Royal Bank of Canada boosted their target price on shares of Carvana from $280.00 to $320.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Stephens reissued an “overweight” rating and set a $300.00 target price on shares of Carvana in a research report on Thursday, February 6th. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $259.00.

About Carvana

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.