Carvana (NYSE:CVNA) CFO Sells $4,646,355.00 in Stock

Key Points

• Carvana CFO Mark Jenkins sold 12,750 shares of the company's stock for approximately $4.65 million, decreasing his ownership by 5.76% and retaining around 208,581 shares valued at over $76 million.
• The company's stock price is currently trading at around $362.45, coming off a 12-month low of $124.39 and a high of $413.33, with a market capitalization of $78 billion.
• Carvana recently reported a quarterly revenue of $4.84 billion and an EPS of $1.28, surpassing analysts' expectations and showing a 41.9% revenue increase compared to the same quarter last year.

Carvana Co. (NYSE:CVNA - Get Free Report) CFO Mark W. Jenkins sold 12,750 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $364.42, for a total value of $4,646,355.00. Following the transaction, the chief financial officer directly owned 208,581 shares of the company's stock, valued at $76,011,088.02. This represents a 5.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Carvana Stock Performance

CVNA traded down $0.94 during midday trading on Friday, reaching $369.23. The company's stock had a trading volume of 2,443,272 shares, compared to its average volume of 2,311,703. The company has a current ratio of 4.00, a quick ratio of 2.58 and a debt-to-equity ratio of 2.51. The company has a fifty day simple moving average of $351.83 and a 200 day simple moving average of $285.87. The stock has a market cap of $79.46 billion, a P/E ratio of 92.54, a PEG ratio of 1.22 and a beta of 3.51. Carvana Co. has a twelve month low of $124.39 and a twelve month high of $413.33.

Carvana (NYSE:CVNA - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $1.28 EPS for the quarter, topping analysts' consensus estimates of $1.09 by $0.19. The company had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.54 billion. Carvana had a return on equity of 40.57% and a net margin of 3.46%.The company's quarterly revenue was up 41.9% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.05) earnings per share. Research analysts expect that Carvana Co. will post 2.85 earnings per share for the current year.

Institutional Investors Weigh In On Carvana

Large investors have recently modified their holdings of the stock. Hilltop National Bank acquired a new stake in Carvana in the 2nd quarter valued at $25,000. Brooklyn Investment Group raised its stake in Carvana by 961.5% during the first quarter. Brooklyn Investment Group now owns 138 shares of the company's stock worth $29,000 after acquiring an additional 125 shares in the last quarter. N.E.W. Advisory Services LLC bought a new position in shares of Carvana during the first quarter valued at $33,000. SJS Investment Consulting Inc. boosted its stake in shares of Carvana by 960.0% in the 2nd quarter. SJS Investment Consulting Inc. now owns 106 shares of the company's stock valued at $36,000 after purchasing an additional 96 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of Carvana in the 2nd quarter valued at $38,000. 56.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of Carvana from $350.00 to $415.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Royal Bank Of Canada upped their price objective on shares of Carvana from $400.00 to $460.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Morgan Stanley lifted their target price on Carvana from $280.00 to $290.00 and gave the stock an "overweight" rating in a research report on Thursday, May 15th. Citigroup restated an "outperform" rating on shares of Carvana in a research note on Thursday, July 31st. Finally, Gordon Haskett began coverage on Carvana in a research report on Monday, July 14th. They issued a "hold" rating and a $329.00 price objective for the company. Twelve investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $383.47.

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.