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 firm’s stock in a transaction dated 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 transaction, 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Carvana Stock Performance

CVNA stock traded up $5.84 during trading on Tuesday, reaching $257.47. The company had a trading volume of 2,484,906 shares, compared to its average volume of 4,144,633. The company has a debt-to-equity ratio of 18.99, a quick ratio of 2.12 and a current ratio of 3.25. Carvana Co. has a twelve month low of $41.75 and a twelve month high of $268.34. The firm has a 50-day simple moving average of $230.40 and a 200-day simple moving average of $195.56. The company has a market cap of $53.46 billion, a price-to-earnings ratio of 25,772.97 and a beta of 3.37.

Institutional Trading of Carvana

Several institutional investors and hedge funds have recently bought and sold shares of CVNA. FMR LLC lifted its stake 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 acquiring an additional 5,882,656 shares during the period. Whale Rock Capital Management LLC acquired a new position in shares of Carvana in the 3rd quarter valued at $162,953,000. Lord Abbett & CO. LLC boosted its holdings in Carvana by 1,454.1% during the third quarter. Lord Abbett & CO. LLC now owns 538,473 shares of the company’s stock worth $93,754,000 after buying an additional 503,824 shares in the last quarter. Eagle Asset Management Inc. purchased a new stake in Carvana during the third quarter worth $50,531,000. Finally, Holocene Advisors LP boosted its holdings in Carvana by 108.2% during the third quarter. Holocene Advisors LP now owns 554,112 shares of the company’s stock worth $96,476,000 after buying an additional 287,983 shares in the last quarter. 56.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. JMP Securities reissued a “market outperform” rating and set a $320.00 target price on shares of Carvana in a research report on Monday, December 16th. Bank of America raised their target price on shares of Carvana from $185.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Stephens reaffirmed an “overweight” rating and issued a $300.00 price objective on shares of Carvana in a research report on Thursday, January 2nd. Morgan Stanley raised shares of Carvana from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $110.00 to $260.00 in a research report on Tuesday, November 5th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $330.00 price objective on shares of Carvana in a research report on Tuesday, January 7th. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $244.88.

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.