Mark W. Jenkins Sells 10,000 Shares of Carvana Co. (NYSE:CVNA) Stock

Carvana Co. (NYSE:CVNA) CFO Mark W. Jenkins sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $250.12, for a total transaction of $2,501,200.00. Following the sale, the chief financial officer now directly owns 219,962 shares of the company’s stock, valued at approximately $55,016,895.44. This represents a 4.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Carvana Price Performance

CVNA stock traded up $5.84 during trading on Tuesday, hitting $257.47. 2,484,906 shares of the company’s stock traded hands, compared to its average volume of 4,144,633. Carvana Co. has a 52 week low of $41.75 and a 52 week high of $268.34. The company has a debt-to-equity ratio of 18.99, a quick ratio of 2.12 and a current ratio of 3.25. The business has a fifty day simple moving average of $230.40 and a 200 day simple moving average of $195.56. The stock has a market capitalization of $53.46 billion, a price-to-earnings ratio of 25,772.97 and a beta of 3.37.

Institutional Investors Weigh In On Carvana

Institutional investors have recently made changes to their positions in the company. Quent Capital LLC bought a new stake in shares of Carvana in the 4th quarter worth about $28,000. Global Retirement Partners LLC lifted its holdings in Carvana by 109.9% during the 4th quarter. Global Retirement Partners LLC now owns 149 shares of the company’s stock valued at $30,000 after buying an additional 78 shares in the last quarter. ORG Wealth Partners LLC bought a new stake in Carvana during the 4th quarter valued at about $34,000. Sugarloaf Wealth Management LLC bought a new stake in Carvana during the 3rd quarter valued at about $32,000. Finally, Versant Capital Management Inc bought a new stake in Carvana during the 4th quarter valued at about $42,000. Institutional investors own 56.71% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CVNA. Bank of America increased their price objective on shares of Carvana from $185.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Wells Fargo & Company reduced their price objective on shares of Carvana from $300.00 to $275.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. JMP Securities reissued a “market outperform” rating and issued a $320.00 price objective on shares of Carvana in a research note on Monday, December 16th. Robert W. Baird increased their price objective on shares of Carvana from $160.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. increased their price objective on shares of Carvana from $300.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $244.88.

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.