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

Carvana Co. (NYSE:CVNA) CFO Mark Jenkins sold 12,750 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $410.19, for a total transaction of $5,229,922.50. Following the transaction, the chief financial officer directly owned 202,817 shares of the company’s stock, valued at $83,193,505.23. The trade was a 5.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Carvana Trading Up 0.7%

NYSE:CVNA traded up $2.92 during trading hours on Tuesday, reaching $410.81. 2,796,121 shares of the stock were exchanged, compared to its average volume of 3,863,211. Carvana Co. has a twelve month low of $148.25 and a twelve month high of $486.89. The business has a 50-day moving average of $433.47 and a two-hundred day moving average of $379.81. The company has a market capitalization of $89.37 billion, a price-to-earnings ratio of 93.79, a PEG ratio of 0.96 and a beta of 3.57. The company has a quick ratio of 2.55, a current ratio of 4.05 and a debt-to-equity ratio of 1.63.

Institutional Investors Weigh In On Carvana

Several institutional investors have recently bought and sold shares of CVNA. Hilltop National Bank bought a new position in Carvana during the 2nd quarter valued at $25,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Carvana in the fourth quarter worth approximately $29,000. Farmers & Merchants Investments Inc. purchased a new stake in shares of Carvana during the fourth quarter worth $29,000. ORG Partners LLC raised its stake in shares of Carvana by 8,700.0% during the 3rd quarter. ORG Partners LLC now owns 88 shares of the company’s stock worth $33,000 after purchasing an additional 87 shares in the last quarter. Finally, Salomon & Ludwin LLC lifted its stake in Carvana by 112.5% in the fourth quarter. Salomon & Ludwin LLC now owns 85 shares of the company’s stock valued at $37,000 after acquiring an additional 45 shares during the last quarter. 56.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on CVNA shares. Morgan Stanley restated an “overweight” rating on shares of Carvana in a report on Thursday, January 8th. Wells Fargo & Company increased their target price on shares of Carvana from $500.00 to $525.00 and gave the company an “overweight” rating in a research report on Tuesday, January 27th. Barclays lifted their target price on shares of Carvana from $465.00 to $530.00 and gave the company an “overweight” rating in a report on Wednesday, January 21st. Zacks Research cut Carvana from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Finally, Wall Street Zen downgraded Carvana from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. Nineteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $474.27.

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.