Mark W. Jenkins Sells 12,750 Shares of Carvana Co. (NYSE:CVNA) Stock

Carvana Co. (NYSE:CVNA) CFO Mark W. Jenkins sold 12,750 shares of the business’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $371.20, for a total value of $4,732,800.00. Following the transaction, the chief financial officer owned 191,020 shares of the company’s stock, valued at $70,906,624. The trade was a 6.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Carvana Trading Down 1.9%

NYSE:CVNA opened at $360.79 on Tuesday. Carvana Co. has a twelve month low of $118.50 and a twelve month high of $413.33. The company has a quick ratio of 2.58, a current ratio of 4.00 and a debt-to-equity ratio of 2.51. The business has a 50 day moving average price of $334.70 and a two-hundred day moving average price of $268.97. The company has a market cap of $77.26 billion, a P/E ratio of 90.42, a price-to-earnings-growth ratio of 1.25 and a beta of 3.57.

Carvana (NYSE:CVNA) last released its quarterly earnings results on Wednesday, July 30th. The company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.19. Carvana had a return on equity of 40.57% and a net margin of 3.46%. The firm had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter in the prior year, the firm posted ($0.05) EPS. The business’s revenue was up 41.9% on a year-over-year basis. As a group, analysts expect that Carvana Co. will post 2.85 EPS for the current fiscal year.

Analysts Set New Price Targets

CVNA has been the subject of several analyst reports. Piper Sandler boosted their target price on Carvana from $340.00 to $440.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. DA Davidson increased their target price on Carvana from $260.00 to $380.00 and gave the stock a “neutral” rating in a research note on Thursday, July 31st. Wedbush raised Carvana to a “hold” rating in a research note on Thursday, May 8th. Wells Fargo & Company increased their target price on Carvana from $390.00 to $425.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Citigroup reissued an “outperform” rating on shares of Carvana in a research note on Thursday. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $379.65.

Institutional Investors Weigh In On Carvana

Several large investors have recently made changes to their positions in the stock. Warren Street Wealth Advisors LLC boosted its holdings in shares of Carvana by 2.8% in the 2nd quarter. Warren Street Wealth Advisors LLC now owns 1,153 shares of the company’s stock valued at $388,000 after buying an additional 31 shares during the last quarter. Yousif Capital Management LLC boosted its holdings in shares of Carvana by 4.1% in the 1st quarter. Yousif Capital Management LLC now owns 1,266 shares of the company’s stock valued at $265,000 after buying an additional 50 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Carvana by 5.2% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,223 shares of the company’s stock valued at $256,000 after buying an additional 60 shares during the last quarter. Harbour Investments Inc. boosted its holdings in shares of Carvana by 46.5% in the 2nd quarter. Harbour Investments Inc. now owns 208 shares of the company’s stock valued at $70,000 after buying an additional 66 shares during the last quarter. Finally, Commerce Bank boosted its holdings in shares of Carvana by 1.6% in the 1st quarter. Commerce Bank now owns 4,446 shares of the company’s stock valued at $930,000 after buying an additional 69 shares during the last quarter. Institutional investors and hedge funds 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.