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

Carvana Co. (NYSE:CVNA - Get Free Report) CFO Mark W. Jenkins sold 20,000 shares of the business's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $275.68, for a total transaction of $5,513,600.00. Following the completion of the transaction, the chief financial officer now owns 199,962 shares of the company's stock, valued at $55,125,524.16. This represents a 9.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Carvana Stock Performance

Carvana stock traded down $24.58 during mid-day trading on Friday, hitting $223.14. The company had a trading volume of 6,856,676 shares, compared to its average volume of 4,083,558. The company has a current ratio of 3.25, a quick ratio of 2.12 and a debt-to-equity ratio of 18.99. The company has a market capitalization of $46.33 billion, a price-to-earnings ratio of 142.13 and a beta of 3.37. The company's fifty day moving average is $234.35 and its 200-day moving average is $207.79. Carvana Co. has a 12-month low of $49.38 and a 12-month high of $292.84.

Carvana (NYSE:CVNA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.27. Carvana had a net margin of 1.54% and a return on equity of 446.67%. The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.32 billion. Equities research analysts predict that Carvana Co. will post 2.85 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CVNA. Needham & Company LLC lifted their price objective on shares of Carvana from $330.00 to $340.00 and gave the stock a "buy" rating in a research report on Thursday. Evercore ISI lifted their price target on shares of Carvana from $240.00 to $245.00 and gave the stock an "in-line" rating in a report on Tuesday, December 3rd. Morgan Stanley raised Carvana from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $110.00 to $260.00 in a research report on Tuesday, November 5th. Bank of America raised their price target on shares of Carvana from $252.00 to $270.00 and gave the stock a "buy" rating in a report on Friday. Finally, Stephens restated an "overweight" rating and issued a $300.00 price objective on shares of Carvana in a research note on Thursday, February 6th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $265.06.

Institutional Investors Weigh In On Carvana

Institutional investors have recently modified their holdings of the business. Eagle Asset Management Inc. purchased a new position in Carvana during the third quarter worth approximately $50,531,000. Oak Thistle LLC lifted its position in shares of Carvana by 115.9% during the 4th quarter. Oak Thistle LLC now owns 3,238 shares of the company's stock valued at $658,000 after buying an additional 1,738 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Carvana by 33.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 382,607 shares of the company's stock valued at $77,807,000 after acquiring an additional 95,497 shares during the period. Central Pacific Bank Trust Division purchased a new stake in Carvana in the 4th quarter worth $609,000. Finally, Calamos Advisors LLC acquired a new position in Carvana during the fourth quarter worth $1,106,000. 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.