Carvana Co. (NYSE:CVNA) CFO Mark W. Jenkins Sells 55,000 Shares

Carvana Co. (NYSE:CVNAGet Free Report) CFO Mark W. Jenkins sold 55,000 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $85.69, for a total transaction of $4,712,950.00. Following the completion of the sale, the chief financial officer now owns 216,523 shares of the company’s stock, valued at $18,553,855.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Carvana Trading Up 4.5 %

Shares of CVNA opened at $121.72 on Friday. The firm has a market capitalization of $24.58 billion, a price-to-earnings ratio of 53.39 and a beta of 3.28. The firm’s fifty day simple moving average is $81.81 and its 200-day simple moving average is $55.88. Carvana Co. has a twelve month low of $6.92 and a twelve month high of $124.20.

Carvana (NYSE:CVNAGet Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The company reported ($1.00) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.95) by ($0.05). The business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.56 billion. Carvana’s quarterly revenue was down 14.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.97) EPS. On average, analysts predict that Carvana Co. will post -3.32 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CVNA has been the subject of a number of recent research reports. Needham & Company LLC reiterated a “hold” rating on shares of Carvana in a report on Thursday. Wedbush lifted their price objective on Carvana from $80.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday. Raymond James raised Carvana from an “underperform” rating to a “market perform” rating in a research note on Friday, February 23rd. William Blair reaffirmed an “outperform” rating on shares of Carvana in a research note on Thursday. Finally, JMP Securities boosted their price target on shares of Carvana from $80.00 to $135.00 and gave the company a “market outperform” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $73.44.

View Our Latest Research Report on CVNA

Institutional Investors Weigh In On Carvana

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Parallel Advisors LLC raised its stake in Carvana by 39.0% during the 4th quarter. Parallel Advisors LLC now owns 692 shares of the company’s stock worth $37,000 after acquiring an additional 194 shares in the last quarter. Diversified Trust Co increased its position in shares of Carvana by 6.0% during the fourth quarter. Diversified Trust Co now owns 5,659 shares of the company’s stock worth $300,000 after purchasing an additional 319 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Carvana by 1.5% in the 3rd quarter. Arizona State Retirement System now owns 25,698 shares of the company’s stock valued at $1,079,000 after purchasing an additional 377 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Carvana by 11.9% in the 1st quarter. Sequoia Financial Advisors LLC now owns 4,687 shares of the company’s stock valued at $412,000 after purchasing an additional 500 shares during the period. Finally, Blue Trust Inc. acquired a new stake in shares of Carvana in the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 56.71% of the company’s stock.

About Carvana

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Carvana (NYSE:CVNA)

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