Carvana Co (CVNA) CFO Mark W. Jenkins Sells 86,500 Shares

Carvana Co (NYSE:CVNA) CFO Mark W. Jenkins sold 86,500 shares of Carvana stock in a transaction on Friday, May 10th. The shares were sold at an average price of $68.48, for a total value of $5,923,520.00. Following the sale, the chief financial officer now directly owns 98,772 shares of the company’s stock, valued at approximately $6,763,906.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

NYSE CVNA opened at $65.48 on Thursday. Carvana Co has a twelve month low of $24.36 and a twelve month high of $76.85. The company has a current ratio of 1.39, a quick ratio of 0.76 and a debt-to-equity ratio of 2.73. The stock has a market cap of $9.06 billion, a price-to-earnings ratio of -37.85 and a beta of 2.43.

Carvana (NYSE:CVNA) last released its quarterly earnings results on Wednesday, May 8th. The company reported ($0.53) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.50) by ($0.03). Carvana had a negative net margin of 3.54% and a negative return on equity of 30.85%. The firm had revenue of $755.23 million for the quarter, compared to analysts’ expectations of $696.61 million. On average, analysts predict that Carvana Co will post -1.77 EPS for the current fiscal year.



Several equities research analysts recently issued reports on the company. Robert W. Baird lifted their price objective on Carvana from $65.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, May 9th. Wells Fargo & Co lifted their price objective on Carvana from $57.00 to $80.00 and gave the company an “outperform” rating in a research note on Monday, May 6th. Citigroup lifted their price objective on Carvana from $80.00 to $90.00 and gave the company a “positive” rating in a research note on Thursday, May 9th. B. Riley reissued a “buy” rating and set a $91.00 price objective (up previously from $72.00) on shares of Carvana in a research note on Monday, April 29th. Finally, Wedbush lifted their price objective on Carvana from $52.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the stock. Carvana currently has a consensus rating of “Hold” and an average target price of $66.18.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp purchased a new stake in Carvana during the first quarter valued at about $29,000. Valeo Financial Advisors LLC raised its position in Carvana by 100.0% during the first quarter. Valeo Financial Advisors LLC now owns 1,000 shares of the company’s stock valued at $58,000 after purchasing an additional 500 shares in the last quarter. Cambria Investment Management L.P. purchased a new stake in Carvana during the first quarter valued at about $167,000. First Mercantile Trust Co. raised its position in Carvana by 34.1% during the fourth quarter. First Mercantile Trust Co. now owns 3,061 shares of the company’s stock valued at $100,000 after purchasing an additional 779 shares in the last quarter. Finally, CX Institutional purchased a new position in shares of Carvana in the fourth quarter worth about $106,000. Institutional investors and hedge funds own 34.21% of the company’s stock.

WARNING: “Carvana Co (CVNA) CFO Mark W. Jenkins Sells 86,500 Shares” was originally published by Dakota Financial News and is the property of of Dakota Financial News. If you are viewing this report on another website, it was illegally copied and republished in violation of U.S. and international copyright law. The original version of this report can be accessed at https://dakotafinancialnews.com/2019/05/16/carvana-co-cvna-cfo-mark-w-jenkins-sells-86500-shares.html.

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 proprietary 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.

Featured Article: What is the NASDAQ?

Insider Buying and Selling by Quarter for Carvana (NYSE:CVNA)

Receive News & Ratings for Carvana Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carvana and related companies with MarketBeat.com's FREE daily email newsletter.