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

Carvana Co. (NYSE:CVNA) CFO Mark W. Jenkins sold 20,000 shares of Carvana stock in a transaction on Friday, February 14th. The shares were sold at an average price of $275.68, for a total value of $5,513,600.00. Following the sale, the chief financial officer now directly owns 199,962 shares of the company’s stock, valued at approximately $55,125,524.16. The trade was a 9.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Carvana Price Performance

Shares of CVNA stock traded down $0.66 during trading hours on Tuesday, hitting $284.67. The company had a trading volume of 2,962,977 shares, compared to its average volume of 3,581,500. Carvana Co. has a 12 month low of $48.15 and a 12 month high of $291.27. 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’s fifty day moving average is $233.28 and its 200 day moving average is $205.34. The firm has a market capitalization of $59.11 billion, a price-to-earnings ratio of 28,495.80 and a beta of 3.37.

Analyst Ratings Changes

A number of research firms have recently weighed in on CVNA. Stephens reaffirmed an “overweight” rating and set a $300.00 price target on shares of Carvana in a research note on Thursday, February 6th. Wells Fargo & Company cut their price objective on shares of Carvana from $300.00 to $275.00 and set an “overweight” rating on the stock in a research 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 stock from $195.00 to $277.00 in a research report on Wednesday, January 8th. Piper Sandler raised their price target on shares of Carvana from $151.00 to $225.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Finally, JMP Securities restated a “market outperform” rating and issued a $320.00 target price on shares of Carvana in a report 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 company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $249.29.

Institutional Trading of Carvana

Large investors have recently bought and sold shares of the stock. Eagle Asset Management Inc. acquired a new stake in shares of Carvana in the 3rd quarter valued at $50,531,000. Oak Thistle LLC increased 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 worth $658,000 after purchasing an additional 1,738 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in Carvana by 33.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 382,607 shares of the company’s stock valued at $77,807,000 after purchasing an additional 95,497 shares during the last quarter. Central Pacific Bank Trust Division acquired a new position in Carvana in the fourth quarter valued at about $609,000. Finally, Calamos Advisors LLC bought a new stake in Carvana during the fourth quarter worth about $1,106,000. 56.71% of the stock is currently owned by institutional investors.

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.