Carvana Co. (NYSE:CVNA) CFO Sells $4,163,130.00 in Stock

Carvana Co. (NYSE:CVNA - Get Free Report) CFO Mark W. Jenkins sold 12,750 shares of Carvana stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $326.52, for a total transaction of $4,163,130.00. Following the completion of the sale, the chief financial officer now directly owns 192,239 shares of the company's stock, valued at approximately $62,769,878.28. This trade represents a 6.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Carvana Stock Down 0.6%

Shares of NYSE CVNA traded down $2.06 during trading on Thursday, hitting $343.58. The stock had a trading volume of 3,930,719 shares, compared to its average volume of 3,963,381. The firm has a fifty day moving average of $253.22 and a two-hundred day moving average of $237.20. The company has a market capitalization of $73.58 billion, a PE ratio of 218.84 and a beta of 3.61. The company has a debt-to-equity ratio of 3.82, a current ratio of 3.64 and a quick ratio of 2.12. Carvana Co. has a 12 month low of $100.05 and a 12 month high of $348.47.

Carvana (NYSE:CVNA - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $1.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.75 by $0.76. Carvana had a net margin of 1.54% and a return on equity of 36.59%. The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $3.94 billion. During the same period in the prior year, the firm earned $0.23 EPS. The company's revenue was up 38.3% compared to the same quarter last year. As a group, equities research analysts forecast that Carvana Co. will post 2.85 EPS for the current fiscal year.

Institutional Investors Weigh In On Carvana

Several institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD raised its stake in shares of Carvana by 13.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,950,011 shares of the company's stock valued at $3,125,749,000 after purchasing an additional 1,823,218 shares during the period. Vanguard Group Inc. grew its stake in Carvana by 9.7% during the first quarter. Vanguard Group Inc. now owns 12,534,843 shares of the company's stock valued at $2,620,785,000 after acquiring an additional 1,109,476 shares in the last quarter. Lingotto Investment Management LLP increased its holdings in Carvana by 1.5% during the 4th quarter. Lingotto Investment Management LLP now owns 3,987,150 shares of the company's stock worth $810,827,000 after acquiring an additional 57,215 shares during the period. Durable Capital Partners LP lifted its stake in Carvana by 6.3% in the 4th quarter. Durable Capital Partners LP now owns 2,168,232 shares of the company's stock worth $440,932,000 after purchasing an additional 129,246 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Carvana by 4.2% in the 4th quarter. Geode Capital Management LLC now owns 1,878,796 shares of the company's stock valued at $381,592,000 after purchasing an additional 75,250 shares during the period. Hedge funds and other institutional investors own 56.71% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on CVNA shares. Royal Bank of Canada raised their target price on Carvana from $320.00 to $340.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Wells Fargo & Company raised their price objective on Carvana from $290.00 to $310.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Stephens restated an "overweight" rating and set a $300.00 price objective on shares of Carvana in a report on Monday, March 3rd. Citigroup increased their target price on Carvana from $280.00 to $325.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Carvana from $365.00 to $325.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Carvana has an average rating of "Moderate Buy" and an average price target of $275.65.

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.