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 Carvana stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 214,678 shares in the company, valued at approximately $44,925,665.06. This represents a 16.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Carvana Stock Performance

Shares of Carvana stock opened at $226.07 on Thursday. Carvana Co. has a 1 year low of $67.61 and a 1 year high of $292.84. The firm’s 50-day moving average is $226.26 and its 200 day moving average is $219.11. The stock has a market cap of $48.19 billion, a price-to-earnings ratio of 143.99 and a beta of 3.56. The company has a debt-to-equity ratio of 3.82, a current ratio of 3.64 and a quick ratio of 2.12.

Carvana (NYSE:CVNA) last issued its earnings results on Wednesday, February 19th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.27. The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.32 billion. Carvana had a net margin of 1.54% and a return on equity of 36.59%. Sell-side analysts anticipate that Carvana Co. will post 2.85 EPS for the current fiscal year.

Institutional Trading of Carvana

Institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP raised its stake in shares of Carvana by 4.1% in the fourth quarter. Wellington Management Group LLP now owns 36,215 shares of the company’s stock worth $7,365,000 after purchasing an additional 1,430 shares during the last quarter. California State Teachers Retirement System increased its holdings in Carvana by 81.5% in the 4th quarter. California State Teachers Retirement System now owns 181,249 shares of the company’s stock worth $36,859,000 after buying an additional 81,414 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Carvana by 16.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,513 shares of the company’s stock worth $511,000 after buying an additional 348 shares during the last quarter. Siemens Fonds Invest GmbH bought a new position in Carvana during the 4th quarter valued at about $839,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Carvana during the 4th quarter valued at about $36,527,000. 56.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of Carvana from $365.00 to $325.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Evercore ISI cut their target price on shares of Carvana from $250.00 to $240.00 and set an “in-line” rating on the stock in a research note on Tuesday, March 11th. Piper Sandler upgraded shares of Carvana from a “neutral” rating to an “overweight” rating in a research report on Monday. Bank of America lowered their price objective on shares of Carvana from $270.00 to $220.00 and set a “buy” rating for the company in a report on Friday, March 14th. Finally, Robert W. Baird increased their target price on Carvana from $200.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. Six equities 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 presently has a consensus rating of “Moderate Buy” and an average target price of $261.53.

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.