Carvana Co. (NYSE:CVNA) CFO Mark W. Jenkins Sells 10,000 Shares of Stock

Carvana Co. (NYSE:CVNA) CFO Mark W. Jenkins sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $250.12, for a total value of $2,501,200.00. Following the completion of the sale, the chief financial officer now directly owns 219,962 shares in the company, valued at $55,016,895.44. This trade represents a 4.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Carvana Stock Performance

NYSE CVNA opened at $256.08 on Thursday. The firm has a market cap of $53.17 billion, a price-to-earnings ratio of 25,633.83 and a beta of 3.37. The company has a current ratio of 3.25, a quick ratio of 2.12 and a debt-to-equity ratio of 18.99. Carvana Co. has a 1-year low of $43.87 and a 1-year high of $268.34. The company has a 50 day moving average of $230.46 and a 200-day moving average of $196.87.

Hedge Funds Weigh In On Carvana

Several institutional investors have recently bought and sold shares of the business. Sei Investments Co. increased its stake in shares of Carvana by 158.3% in the second quarter. Sei Investments Co. now owns 11,165 shares of the company’s stock valued at $1,437,000 after buying an additional 6,843 shares in the last quarter. Creative Planning grew its holdings in Carvana by 34.4% during the 2nd quarter. Creative Planning now owns 15,296 shares of the company’s stock worth $1,969,000 after acquiring an additional 3,913 shares during the last quarter. SG Americas Securities LLC increased its position in Carvana by 804.0% in the 3rd quarter. SG Americas Securities LLC now owns 9,989 shares of the company’s stock valued at $1,739,000 after acquiring an additional 8,884 shares in the last quarter. Handelsbanken Fonder AB raised its stake in shares of Carvana by 16.6% in the third quarter. Handelsbanken Fonder AB now owns 27,400 shares of the company’s stock worth $4,771,000 after acquiring an additional 3,900 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Carvana by 32.8% during the third quarter. GAMMA Investing LLC now owns 608 shares of the company’s stock worth $106,000 after purchasing an additional 150 shares in the last quarter. Institutional investors own 56.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CVNA shares. Piper Sandler increased their price objective on Carvana from $151.00 to $225.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Royal Bank of Canada upgraded shares of Carvana from a “sector perform” rating to an “outperform” rating and raised their price target for the stock 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 research report on Monday, January 6th. Citigroup raised Carvana from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $195.00 to $277.00 in a research report on Wednesday, January 8th. Finally, Morgan Stanley raised Carvana from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $110.00 to $260.00 in a report on Tuesday, November 5th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $244.88.

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.