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

Carvana Co. (NYSE:CVNA) CFO Mark W. Jenkins sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $255.07, for a total transaction of $2,550,700.00. Following the completion of the transaction, the chief financial officer now owns 189,761 shares of the company’s stock, valued at approximately $48,402,338.27. This trade represents a 5.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Carvana Trading Up 0.2 %

CVNA traded up $0.60 on Tuesday, hitting $255.54. The company had a trading volume of 1,653,271 shares, compared to its average volume of 2,362,707. The company has a quick ratio of 2.12, a current ratio of 3.25 and a debt-to-equity ratio of 18.99. Carvana Co. has a 12-month low of $36.53 and a 12-month high of $268.34. The company has a market cap of $53.06 billion, a PE ratio of 25,601.60 and a beta of 3.32. The business’s fifty day simple moving average is $214.99 and its 200 day simple moving average is $160.59.

Carvana (NYSE:CVNA) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.41. The business had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.47 billion. Carvana’s revenue was up 31.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.23 EPS. Equities research analysts expect that Carvana Co. will post 0.76 EPS for the current year.

Wall Street Analysts Forecast Growth

CVNA has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price target on shares of Carvana from $175.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Morgan Stanley raised Carvana from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $110.00 to $260.00 in a report on Tuesday, November 5th. Wedbush lifted their target price on shares of Carvana from $150.00 to $175.00 and gave the stock a “neutral” rating in a research note on Monday, October 7th. Piper Sandler upped their price objective on shares of Carvana from $151.00 to $225.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, JMP Securities upped their price target on Carvana from $200.00 to $320.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 31st. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $220.94.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CVNA. FMR LLC increased its position in Carvana by 90.8% during the 3rd quarter. FMR LLC now owns 12,361,790 shares of the company’s stock valued at $2,152,311,000 after buying an additional 5,882,656 shares in the last quarter. Whale Rock Capital Management LLC acquired a new position in Carvana during the 3rd quarter valued at approximately $162,953,000. Sylebra Capital LLC acquired a new stake in shares of Carvana during the second quarter worth $67,686,000. Senator Investment Group LP purchased a new position in Carvana in the 2nd quarter worth $63,767,000. Finally, Driehaus Capital Management LLC boosted its position in Carvana by 124.9% in the second quarter. Driehaus Capital Management LLC now owns 581,787 shares of the company’s stock valued at $74,888,000 after buying an additional 323,153 shares during the last quarter. Hedge funds and other institutional investors own 56.71% of the company’s stock.

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.