Carvana (NYSE:CVNA) CFO Mark Jenkins Sells 12,750 Shares

Key Points

• CFO Mark Jenkins sold 12,750 shares on May 1 at an average of $387.19 for about $4.94 million, reducing his holding by 5.72% to 210,127 shares; the sale was executed under a pre‑arranged Rule 10b5‑1 trading plan.
• Carvana beat Q1 estimates with EPS of $1.69 versus $1.58 expected and revenue of $6.43 billion vs. $6.12 billion, spurring multiple analyst price‑target increases and a MarketBeat consensus rating of "Moderate Buy" (target ~$466.13).
• A 5‑for‑1 stock split is set for May 7, while the shares trade at elevated multiples (market cap ~$83.7B, P/E ~46.5) and have shown short‑term volatility despite the upbeat results.

Carvana Co. (NYSE:CVNA - Get Free Report) CFO Mark Jenkins sold 12,750 shares of the company's stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $387.19, for a total value of $4,936,672.50. Following the completion of the sale, the chief financial officer owned 210,127 shares of the company's stock, valued at $81,359,073.13. This trade represents a 5.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Carvana Price Performance

Shares of CVNA stock traded down $13.23 during trading hours on Friday, reaching $382.57. The company had a trading volume of 4,359,806 shares, compared to its average volume of 2,602,332. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.73 and a current ratio of 4.09. The stock has a fifty day moving average of $336.94 and a 200-day moving average of $371.95. The company has a market capitalization of $83.73 billion, a price-to-earnings ratio of 46.54 and a beta of 3.55. Carvana Co. has a 12-month low of $250.89 and a 12-month high of $486.89.

Carvana's stock is set to split before the market opens on Thursday, May 7th. The 5-1 split was announced on Friday, March 13th. The newly created shares will be distributed to shareholders after the closing bell on Wednesday, May 6th.

Carvana (NYSE:CVNA - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.11. The company had revenue of $6.43 billion during the quarter, compared to analyst estimates of $6.12 billion. Carvana had a return on equity of 41.46% and a net margin of 6.40%. On average, equities analysts anticipate that Carvana Co. will post 6.97 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Royal Bank Of Canada raised their price target on Carvana from $440.00 to $460.00 and gave the stock an "outperform" rating in a research report on Friday. Barclays reiterated an "overweight" rating and issued a $475.00 price objective (up from $430.00) on shares of Carvana in a research note on Thursday. Wedbush cut their price target on Carvana from $500.00 to $425.00 and set an "outperform" rating on the stock in a research note on Thursday, February 19th. Robert W. Baird set a $440.00 price objective on Carvana in a report on Thursday. Finally, Jefferies Financial Group dropped their price objective on Carvana from $485.00 to $475.00 and set a "buy" rating on the stock in a report on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $466.13.

Institutional Investors Weigh In On Carvana

A number of hedge funds and other institutional investors have recently modified their holdings of CVNA. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Carvana during the 4th quarter valued at $29,000. Farmers & Merchants Investments Inc. acquired a new stake in shares of Carvana in the 4th quarter valued at about $29,000. Motiv8 Investments LLC acquired a new stake in shares of Carvana in the 4th quarter valued at about $33,000. Ascentis Independent Advisors acquired a new stake in shares of Carvana in the 1st quarter valued at about $26,000. Finally, Salomon & Ludwin LLC raised its stake in shares of Carvana by 112.5% in the 4th quarter. Salomon & Ludwin LLC now owns 85 shares of the company's stock valued at $37,000 after purchasing an additional 45 shares in the last quarter. 56.71% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Carvana

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Q1 results: Carvana reported record retail unit sales, revenue and profit (EPS and revenue beat consensus), driving confidence in growth and profitability execution. Carvana Announces Record First Quarter 2026
• Positive Sentiment: Broad analyst upgrades: Multiple firms raised price targets and ratings after the quarter (Needham to $600, Morgan Stanley to $510, JPMorgan to $465, Wells Fargo to $475, BTIG to $485, etc.), signaling strong buy-side conviction on upside from current levels. Wall Street Showers Carvana With Price Target Hikes
• Positive Sentiment: Industry demand tailwinds: Management and coverage note inflation-driven used-car demand and capacity expansion (reconditioning and capex) that support faster unit growth and longer-term scaling. Carvana Sets Records as Inflation Drives Used Car Demand
• Neutral Sentiment: Valuation focus: Recent rally (roughly a 1‑month surge) has drawn attention to Carvana’s premium P/E and elevated multiples, prompting some investors to reassess upside relative to valuation. Assessing Carvana Valuation After Recent Share Price Strength
• Negative Sentiment: Contrasting analyst signal: DA Davidson raised its target to $335 but kept a "neutral" rating — that target implies downside versus recent levels and injects caution into the upgrade momentum. DA Davidson Price Target Note
• Negative Sentiment: Profit vs. margin trade-off: Despite record profit, management flagged lower per‑unit margins and higher operating costs, which could cap near‑term margin expansion and leave some investors taking profits. Q1 Earnings Call Highlights
• Negative Sentiment: Immediate market reaction: The stock trimmed gains after the print — some traders sold into the headline beat, producing a short-term pullback despite fundamentally positive results. Stock Reaction After Earnings

Carvana Company Profile

Carvana Co is an online-only retailer of used vehicles that operates a consumer-facing e-commerce platform for buying and selling cars. The company markets and sells inspected, reconditioned pre-owned vehicles through its website, where shoppers can browse inventory, view detailed 360-degree photos and vehicle history reports, finance purchases, and arrange delivery or pickup. Carvana's model is built around a digital end-to-end car buying experience that aims to simplify vehicle transactions compared with traditional dealerships.

Its products and services include direct retail sales of used cars, trade-in and purchase offers for consumer vehicles, vehicle financing and related protection products, and a seven-day return policy that allows customers to test a vehicle in everyday use.

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