Insider Selling: Carvana Co. (NYSE:CVNA) CFO Sells $5,513,600.00 in Stock

Carvana Co. (NYSE:CVNA) CFO Mark W. Jenkins sold 20,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 199,962 shares of the company’s stock, valued at $55,125,524.16. This trade represents a 9.09 % 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 $248.03 on Friday. The company has a market cap of $51.50 billion, a PE ratio of 24,827.83 and a beta of 3.37. Carvana Co. has a 12 month low of $48.15 and a 12 month high of $292.84. 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 company has a 50-day simple moving average of $234.85 and a 200-day simple moving average of $207.18.

Carvana (NYSE:CVNA) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.27. The firm had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.32 billion. On average, equities analysts anticipate that Carvana Co. will post 0.87 earnings per share for the current year.

Institutional Investors Weigh In On Carvana

Institutional investors have recently bought and sold shares of the stock. Quent Capital LLC purchased a new stake in Carvana in the fourth quarter valued at approximately $28,000. Global Retirement Partners LLC grew its holdings in Carvana by 109.9% in the fourth quarter. Global Retirement Partners LLC now owns 149 shares of the company’s stock valued at $30,000 after purchasing an additional 78 shares during the period. Rialto Wealth Management LLC purchased a new stake in Carvana in the fourth quarter valued at approximately $31,000. ORG Wealth Partners LLC purchased a new stake in Carvana in the fourth quarter valued at approximately $34,000. Finally, Capital Performance Advisors LLP purchased a new stake in Carvana in the third quarter valued at approximately $40,000. 56.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CVNA has been the subject of several recent analyst reports. Royal Bank of Canada raised their price objective on shares of Carvana from $280.00 to $320.00 and gave the company an “outperform” rating in a research note on Thursday. Needham & Company LLC lifted their target price on shares of Carvana from $330.00 to $340.00 and gave the stock a “buy” rating in a research report on Thursday. Morgan Stanley upgraded shares of Carvana from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $110.00 to $260.00 in a research report on Tuesday, November 5th. Robert W. Baird lifted their target price on shares of Carvana from $200.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, William Blair restated an “outperform” rating on shares of Carvana in a research report on Thursday. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Carvana presently has an average rating of “Moderate Buy” and a consensus target price of $259.00.

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.