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

Carvana Co. (NYSE:CVNA) CFO Mark W. Jenkins sold 28,422 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $288.85, for a total value of $8,209,694.70. Following the completion of the sale, the chief financial officer now owns 219,962 shares in the company, valued at approximately $63,536,023.70. The trade was 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 accessible through this hyperlink.

Carvana Price Performance

Shares of NYSE:CVNA opened at $280.68 on Thursday. The company’s fifty day moving average price is $234.84 and its 200-day moving average price is $206.90. The company has a debt-to-equity ratio of 18.99, a current ratio of 3.25 and a quick ratio of 2.12. The firm has a market capitalization of $58.28 billion, a price-to-earnings ratio of 28,096.50 and a beta of 3.37. Carvana Co. has a one year low of $48.15 and a one year high of $292.84.

Carvana (NYSE:CVNA) last released its earnings results on Wednesday, February 19th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.27. On average, equities research analysts anticipate that Carvana Co. will post 0.87 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Carvana

Several institutional investors have recently modified their holdings of the company. Quent Capital LLC bought a new position in Carvana during the fourth quarter valued at approximately $28,000. Global Retirement Partners LLC boosted its stake 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 purchasing an additional 78 shares in the last quarter. Rialto Wealth Management LLC bought a new position in shares of Carvana during the 4th quarter valued at $31,000. ORG Wealth Partners LLC purchased a new position in Carvana in the 4th quarter worth $34,000. Finally, Capital Performance Advisors LLP bought a new stake in Carvana in the third quarter worth $40,000. 56.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CVNA. Wedbush restated a “neutral” rating and issued a $250.00 price objective on shares of Carvana in a research note on Thursday, February 6th. Royal Bank of Canada raised shares of Carvana from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $270.00 to $280.00 in a research report on Tuesday, January 7th. Wells Fargo & Company cut their price objective on shares of Carvana from $300.00 to $275.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Citigroup raised shares of Carvana from a “neutral” rating to a “buy” rating and boosted their target price for the company from $195.00 to $277.00 in a report on Wednesday, January 8th. Finally, Evercore ISI raised their price target on Carvana from $240.00 to $245.00 and gave the stock an “in-line” rating in a report on Tuesday, December 3rd. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Carvana presently has an average rating of “Moderate Buy” and a consensus target price of $249.29.

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.