Carvana Co. (NYSE:CVNA) CFO Sells $2,007,500.00 in Stock

Carvana Co. (NYSE:CVNA) CFO Mark W. Jenkins sold 10,000 shares of Carvana stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $200.75, for a total transaction of $2,007,500.00. Following the sale, the chief financial officer now directly owns 189,097 shares in the company, valued at $37,961,222.75. The trade was a 5.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Carvana Stock Performance

Shares of NYSE CVNA traded down $22.40 during midday trading on Friday, hitting $177.16. 11,671,706 shares of the company’s stock traded hands, compared to its average volume of 10,560,553. 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 stock has a market capitalization of $36.78 billion, a price-to-earnings ratio of 17,733.73 and a beta of 3.32. The firm has a fifty day moving average of $237.18 and a 200 day moving average of $179.97. Carvana Co. has a 1 year low of $40.21 and a 1 year high of $268.34.

Carvana (NYSE:CVNA) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.41. The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.47 billion. The firm’s revenue was up 31.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.23 earnings per share. On average, analysts forecast that Carvana Co. will post 0.76 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have commented on CVNA shares. Robert W. Baird raised their price objective on Carvana from $160.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Bank of America upped their price target on Carvana from $185.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Wedbush lifted their price target on Carvana from $150.00 to $175.00 and gave the stock a “neutral” rating in a research report on Monday, October 7th. Evercore ISI increased their price objective on shares of Carvana from $240.00 to $245.00 and gave the company an “in-line” rating in a research report on Tuesday, December 3rd. Finally, Citigroup boosted their price objective on shares of Carvana from $125.00 to $195.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $229.18.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CVNA. FMR LLC boosted its holdings in Carvana by 90.8% in the 3rd quarter. FMR LLC now owns 12,361,790 shares of the company’s stock worth $2,152,311,000 after buying an additional 5,882,656 shares during the period. Whale Rock Capital Management LLC purchased a new position in Carvana in the 3rd quarter worth approximately $162,953,000. Sylebra Capital LLC bought a new position in Carvana in the 2nd quarter worth approximately $67,686,000. Lord Abbett & CO. LLC grew its holdings in Carvana by 1,454.1% during the 3rd quarter. Lord Abbett & CO. LLC now owns 538,473 shares of the company’s stock valued at $93,754,000 after buying an additional 503,824 shares in the last quarter. Finally, Senator Investment Group LP bought a new stake in Carvana in the 2nd quarter valued at $63,767,000. 56.71% of the stock is owned by hedge funds and other institutional investors.

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.