Carvana Co. (NYSE:CVNA) CFO Mark W. Jenkins Sells 28,422 Shares

Carvana Co. (NYSE:CVNA - Get Free Report) CFO Mark W. Jenkins sold 28,422 shares of Carvana stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $288.85, for a total transaction of $8,209,694.70. Following the transaction, the chief financial officer now directly owns 219,962 shares of the company's stock, valued at approximately $63,536,023.70. This trade represents a 11.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Carvana Stock Performance

Shares of NYSE CVNA traded down $24.58 during midday trading on Friday, hitting $223.14. 6,856,676 shares of the stock traded hands, compared to its average volume of 4,083,558. The firm has a market capitalization of $46.33 billion, a P/E ratio of 142.13 and a beta of 3.37. Carvana Co. has a one year low of $49.38 and a one year high of $292.84. The company has a debt-to-equity ratio of 18.99, a quick ratio of 2.12 and a current ratio of 3.25. The firm has a 50-day moving average of $234.35 and a two-hundred day moving average of $207.79.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CVNA shares. 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 research report on Tuesday, November 5th. Needham & Company LLC raised their price target on Carvana from $330.00 to $340.00 and gave the company a "buy" rating in a report on Thursday. DA Davidson lifted their price target on Carvana from $220.00 to $260.00 and gave the stock a "neutral" rating in a research report on Thursday. Bank of America increased their price objective on shares of Carvana from $252.00 to $270.00 and gave the company a "buy" rating in a research report on Friday. Finally, JMP Securities restated a "market outperform" rating and set a $320.00 price objective on shares of Carvana in a research note on Monday, December 16th. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $265.06.

Hedge Funds Weigh In On Carvana

Several institutional investors have recently made changes to their positions in CVNA. Quent Capital LLC purchased a new stake in Carvana during the fourth quarter valued at approximately $28,000. Global Retirement Partners LLC grew its position in shares of Carvana by 109.9% during the 4th quarter. Global Retirement Partners LLC now owns 149 shares of the company's stock valued at $30,000 after acquiring an additional 78 shares during the period. Rialto Wealth Management LLC purchased a new stake in shares of Carvana in the 4th quarter worth $31,000. ORG Wealth Partners LLC bought a new position in Carvana in the 4th quarter worth $34,000. Finally, Capital Performance Advisors LLP purchased a new position in Carvana during the third quarter valued at $40,000. Institutional investors own 56.71% of the company's stock.

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.