Carvana Co. (NYSE:CVNA) CFO Sells $4,314,090.00 in Stock

Carvana Co. (NYSE:CVNA - Get Free Report) CFO Mark W. Jenkins sold 12,750 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $338.36, for a total value of $4,314,090.00. Following the completion of the sale, the chief financial officer owned 211,020 shares of the company's stock, valued at $71,400,727.20. This represents a 5.70% 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

Shares of CVNA traded up $5.12 during midday trading on Friday, reaching $348.51. The stock had a trading volume of 1,542,889 shares, compared to its average volume of 3,860,027. The company has a current ratio of 3.81, a quick ratio of 2.70 and a debt-to-equity ratio of 2.97. The firm has a 50 day simple moving average of $303.62 and a 200-day simple moving average of $247.55. The firm has a market cap of $74.63 billion, a PE ratio of 122.28, a P/E/G ratio of 1.34 and a beta of 3.59. Carvana Co. has a one year low of $118.50 and a one year high of $351.43.

Carvana (NYSE:CVNA - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $0.75 by $0.76. The business had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $3.94 billion. Carvana had a net margin of 2.68% and a return on equity of 44.86%. Carvana's revenue was up 38.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.23 EPS. As a group, sell-side analysts anticipate that Carvana Co. will post 2.85 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CVNA shares. Wall Street Zen cut shares of Carvana from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. JMP Securities set a $440.00 price objective on Carvana and gave the stock a "market outperform" rating in a research note on Wednesday. Evercore ISI boosted their target price on Carvana from $295.00 to $305.00 and gave the company an "in-line" rating in a research note on Tuesday, June 24th. Morgan Stanley increased their price target on Carvana from $280.00 to $290.00 and gave the stock an "overweight" rating in a report on Thursday, May 15th. Finally, Bank of America lifted their price objective on Carvana from $325.00 to $375.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $293.88.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CVNA. Brooklyn Investment Group increased its stake in Carvana by 961.5% during the 1st quarter. Brooklyn Investment Group now owns 138 shares of the company's stock worth $29,000 after acquiring an additional 125 shares during the period. Rialto Wealth Management LLC acquired a new stake in shares of Carvana during the 4th quarter worth $31,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Carvana during the 1st quarter worth $33,000. Transce3nd LLC bought a new position in shares of Carvana in the fourth quarter worth $48,000. Finally, Geneos Wealth Management Inc. raised its stake in Carvana by 251.4% in the first quarter. Geneos Wealth Management Inc. now owns 253 shares of the company's stock valued at $53,000 after purchasing an additional 181 shares in the last quarter. Institutional investors 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.