Mark W. Jenkins Sells 20,000 Shares of Carvana Co. (NYSE:CVNA) Stock

Carvana Co. (NYSE:CVNA) CFO Mark W. Jenkins sold 20,000 shares of the stock in a transaction on Friday, February 14th. The shares were sold at an average price of $275.68, for a total value of $5,513,600.00. Following the sale, the chief financial officer now directly owns 199,962 shares in the company, valued at approximately $55,125,524.16. The trade was a 9.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Carvana Price Performance

CVNA stock opened at $284.67 on Wednesday. The firm has a market cap of $59.11 billion, a P/E ratio of 28,495.80 and a beta of 3.37. The company has a debt-to-equity ratio of 18.99, a quick ratio of 2.12 and a current ratio of 3.25. Carvana Co. has a 1 year low of $48.15 and a 1 year high of $291.27. The stock has a 50-day simple moving average of $234.25 and a 200-day simple moving average of $206.38.

Institutional Trading of Carvana

Several large investors have recently bought and sold shares of the company. FMR LLC lifted its position in shares of Carvana by 90.8% during the third quarter. FMR LLC now owns 12,361,790 shares of the company’s stock worth $2,152,311,000 after purchasing an additional 5,882,656 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Carvana by 5.6% in the 4th quarter. Vanguard Group Inc. now owns 11,425,367 shares of the company’s stock worth $2,323,463,000 after buying an additional 610,234 shares in the last quarter. Lingotto Investment Management LLP boosted its position in Carvana by 1.5% in the 4th quarter. Lingotto Investment Management LLP now owns 3,987,150 shares of the company’s stock valued at $810,827,000 after buying an additional 57,215 shares during the last quarter. Durable Capital Partners LP grew its stake in shares of Carvana by 6.3% during the fourth quarter. Durable Capital Partners LP now owns 2,168,232 shares of the company’s stock valued at $440,932,000 after acquiring an additional 129,246 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Carvana by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 1,878,796 shares of the company’s stock worth $381,592,000 after acquiring an additional 75,250 shares during the last quarter. Institutional investors and hedge funds own 56.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CVNA. JPMorgan Chase & Co. upped their target price on shares of Carvana from $300.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Citigroup raised shares of Carvana from a “neutral” rating to a “buy” rating and upped their price objective for the company from $195.00 to $277.00 in a research note on Wednesday, January 8th. Robert W. Baird boosted their price target on Carvana from $160.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Stephens reissued an “overweight” rating and set a $300.00 price target on shares of Carvana in a research note on Thursday, February 6th. Finally, Jefferies Financial Group lifted their price objective on Carvana from $150.00 to $185.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $249.29.

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.