Carvana Co. (NYSE:CVNA) CFO Mark W. Jenkins Sells 208,495 Shares

Carvana Co. (NYSE:CVNA) CFO Mark W. Jenkins sold 208,495 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $224.43, for a total transaction of $46,792,532.85. Following the completion of the sale, the chief financial officer now owns 90,732 shares in the company, valued at $20,362,982.76. This represents a 0.00 % 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 Stock Up 1.4 %

CVNA stock traded up $3.25 during midday trading on Wednesday, hitting $238.93. The company’s stock had a trading volume of 2,944,638 shares, compared to its average volume of 4,810,592. The company’s fifty day moving average price is $177.23 and its 200 day moving average price is $140.97. Carvana Co. has a twelve month low of $27.75 and a twelve month high of $259.39. The company has a debt-to-equity ratio of 18.99, a current ratio of 3.25 and a quick ratio of 2.12. The stock has a market capitalization of $49.45 billion, a P/E ratio of 23,578.00 and a beta of 3.37.

Carvana (NYSE:CVNA) last issued its earnings results on Wednesday, October 30th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.41. The firm had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same quarter last year, the business posted $0.23 earnings per share. The company’s revenue for the quarter was up 31.8% on a year-over-year basis. As a group, equities research analysts predict that Carvana Co. will post 0.53 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CVNA. DA Davidson increased their target price on shares of Carvana from $110.00 to $155.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Citigroup upped their price objective on shares of Carvana from $125.00 to $195.00 and gave the company a “neutral” rating in a research report on Thursday, October 3rd. 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. JPMorgan Chase & Co. increased their price target on Carvana from $230.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Finally, Stephens started coverage on Carvana in a report on Thursday, September 12th. They set an “overweight” rating and a $190.00 price objective on the stock. Eleven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Carvana presently has a consensus rating of “Hold” and a consensus target price of $217.71.

Hedge Funds Weigh In On Carvana

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC boosted its stake in shares of Carvana by 11.9% in the first quarter. Sequoia Financial Advisors LLC now owns 4,687 shares of the company’s stock valued at $412,000 after buying an additional 500 shares during the period. GSA Capital Partners LLP acquired a new stake in Carvana during the first quarter worth approximately $969,000. Quantbot Technologies LP bought a new stake in shares of Carvana in the 1st quarter valued at $1,321,000. SG Americas Securities LLC increased its stake in Carvana by 315.6% in the first quarter. SG Americas Securities LLC now owns 9,176 shares of the company’s stock valued at $807,000 after purchasing an additional 6,968 shares in the last quarter. Finally, Lisanti Capital Growth LLC bought a new stake in Carvana in the 1st quarter valued at about $3,039,000. 56.71% of the stock is owned by institutional investors.

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.