Carvana Co. (NYSE:CVNA) CFO Sells $2,501,200.00 in Stock

Carvana Co. (NYSE:CVNA) CFO Mark W. Jenkins sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $250.12, for a total transaction of $2,501,200.00. Following the transaction, the chief financial officer now owns 219,962 shares in the company, valued at $55,016,895.44. The trade was a 4.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Carvana Trading Up 2.7 %

CVNA stock opened at $262.85 on Friday. Carvana Co. has a 52-week low of $46.38 and a 52-week high of $268.34. The company has a quick ratio of 2.12, a current ratio of 3.25 and a debt-to-equity ratio of 18.99. The firm has a market cap of $54.57 billion, a P/E ratio of 26,311.01 and a beta of 3.37. The company’s 50-day simple moving average is $230.62 and its 200-day simple moving average is $197.33.

Hedge Funds Weigh In On Carvana

A number of hedge funds have recently bought and sold shares of CVNA. Sei Investments Co. raised its stake in shares of Carvana by 158.3% during the 2nd quarter. Sei Investments Co. now owns 11,165 shares of the company’s stock worth $1,437,000 after buying an additional 6,843 shares during the period. Creative Planning raised its position in Carvana by 34.4% during the second quarter. Creative Planning now owns 15,296 shares of the company’s stock worth $1,969,000 after acquiring an additional 3,913 shares during the period. SG Americas Securities LLC lifted its holdings in Carvana by 804.0% during the third quarter. SG Americas Securities LLC now owns 9,989 shares of the company’s stock valued at $1,739,000 after purchasing an additional 8,884 shares in the last quarter. Handelsbanken Fonder AB grew its position in shares of Carvana by 16.6% in the third quarter. Handelsbanken Fonder AB now owns 27,400 shares of the company’s stock valued at $4,771,000 after purchasing an additional 3,900 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Carvana by 32.8% during the third quarter. GAMMA Investing LLC now owns 608 shares of the company’s stock worth $106,000 after purchasing an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 56.71% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $330.00 target price on shares of Carvana in a research report on Tuesday, January 7th. JPMorgan Chase & Co. increased their price objective on Carvana from $300.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Jefferies Financial Group lifted their target price on Carvana from $150.00 to $185.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Wells Fargo & Company cut their price target on shares of Carvana from $300.00 to $275.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Finally, Wedbush reissued a “neutral” rating and set a $250.00 price target on shares of Carvana in a research report on Thursday. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $249.29.

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.