Carvana Co. (NYSE:CVNA) CFO Mark W. Jenkins Sells 10,000 Shares of Stock

Carvana Co. (NYSE:CVNA) CFO Mark W. Jenkins sold 10,000 shares of the business’s stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 219,962 shares in the company, valued at $55,016,895.44. This trade represents a 4.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Carvana Stock Performance

Shares of NYSE:CVNA opened at $257.47 on Wednesday. The company has a market capitalization of $53.46 billion, a price-to-earnings ratio of 25,772.97 and a beta of 3.37. The firm’s 50 day simple moving average is $230.44 and its 200 day simple moving average is $196.46. 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 fifty-two week low of $41.75 and a fifty-two week high of $268.34.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Jefferies Financial Group upped their target price on shares of Carvana from $150.00 to $185.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Stephens reissued an “overweight” rating and set a $300.00 price objective on shares of Carvana in a report on Thursday, January 2nd. Royal Bank of Canada raised shares of Carvana from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $270.00 to $280.00 in a report on Tuesday, January 7th. Citigroup raised shares of Carvana from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $195.00 to $277.00 in a report on Wednesday, January 8th. Finally, Robert W. Baird increased their price objective on shares of Carvana from $160.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $244.88.

Institutional Trading of Carvana

A number of hedge funds have recently modified their holdings of the company. Quent Capital LLC acquired a new stake in Carvana during the 4th quarter worth approximately $28,000. Global Retirement Partners LLC raised its holdings in Carvana by 109.9% during the 4th quarter. Global Retirement Partners LLC now owns 149 shares of the company’s stock worth $30,000 after buying an additional 78 shares during the period. Sugarloaf Wealth Management LLC acquired a new stake in Carvana during the 3rd quarter worth approximately $32,000. ORG Wealth Partners LLC acquired a new stake in Carvana during the 4th quarter worth approximately $34,000. Finally, Capital Performance Advisors LLP acquired a new stake in Carvana during the 3rd quarter worth approximately $40,000. 56.71% of the stock is currently owned by institutional investors and hedge funds.

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.