Carvana Co. (NYSE:CVNA) CFO Sells $9,089,223.91 in Stock

Carvana Co. (NYSE:CVNA) CFO Mark W. Jenkins sold 43,433 shares of the firm’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $209.27, for a total value of $9,089,223.91. Following the completion of the sale, the chief financial officer now directly owns 214,678 shares of the company’s stock, valued at $44,925,665.06. This trade represents a 16.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Carvana Trading Down 10.6 %

CVNA opened at $162.54 on Friday. The business has a fifty day moving average price of $223.47 and a 200 day moving average price of $218.92. The company has a debt-to-equity ratio of 3.82, a current ratio of 3.64 and a quick ratio of 2.12. Carvana Co. has a 12 month low of $67.61 and a 12 month high of $292.84. The stock has a market capitalization of $34.65 billion, a price-to-earnings ratio of 103.53 and a beta of 3.61.

Carvana (NYSE:CVNA) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.29 by $0.27. Carvana had a net margin of 1.54% and a return on equity of 36.59%. The company had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.32 billion. Sell-side analysts expect that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on CVNA shares. Stephens reiterated an “overweight” rating and issued a $300.00 price objective on shares of Carvana in a research report on Monday, March 3rd. Royal Bank of Canada increased their price target on Carvana from $280.00 to $320.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. DA Davidson boosted their price objective on shares of Carvana from $220.00 to $260.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. Robert W. Baird decreased their target price on shares of Carvana from $250.00 to $200.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, Piper Sandler upgraded shares of Carvana from a “neutral” rating to an “overweight” rating in a research report on Monday. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, Carvana has an average rating of “Moderate Buy” and a consensus target price of $258.59.

Institutional Trading of Carvana

Hedge funds and other institutional investors have recently bought and sold shares of the business. Fidelis Capital Partners LLC increased its holdings in shares of Carvana by 3.4% in the 4th quarter. Fidelis Capital Partners LLC now owns 1,541 shares of the company’s stock valued at $313,000 after acquiring an additional 51 shares during the last quarter. Bleakley Financial Group LLC increased its stake in Carvana by 2.8% in the fourth quarter. Bleakley Financial Group LLC now owns 2,373 shares of the company’s stock valued at $483,000 after purchasing an additional 65 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Carvana by 21.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 426 shares of the company’s stock worth $87,000 after purchasing an additional 74 shares in the last quarter. Great Lakes Advisors LLC lifted its position in shares of Carvana by 2.1% during the 4th quarter. Great Lakes Advisors LLC now owns 3,698 shares of the company’s stock worth $752,000 after buying an additional 77 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in shares of Carvana by 109.9% in the 4th quarter. Global Retirement Partners LLC now owns 149 shares of the company’s stock valued at $30,000 after buying an additional 78 shares in the last quarter. 56.71% of the stock is currently owned by institutional investors and hedge funds.

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.