Carvana (NYSE:CVNA) CFO Sells $5,229,922.50 in Stock

Carvana Co. (NYSE:CVNA) CFO Mark Jenkins sold 12,750 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $410.19, for a total value of $5,229,922.50. Following the sale, the chief financial officer owned 202,817 shares of the company’s stock, valued at $83,193,505.23. The trade was a 5.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Carvana Trading Down 2.2%

Shares of CVNA opened at $384.30 on Friday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 2.55 and a current ratio of 4.05. Carvana Co. has a 52-week low of $148.25 and a 52-week high of $486.89. The firm has a market cap of $83.60 billion, a price-to-earnings ratio of 87.74, a PEG ratio of 0.96 and a beta of 3.57. The business’s fifty day moving average is $435.88 and its 200-day moving average is $380.37.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CVNA shares. Zacks Research lowered shares of Carvana from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Gordon Haskett decreased their target price on shares of Carvana from $445.00 to $435.00 and set a “hold” rating on the stock in a research note on Monday, January 5th. Morgan Stanley reiterated an “overweight” rating on shares of Carvana in a report on Thursday, January 8th. Barclays raised their price objective on Carvana from $465.00 to $530.00 and gave the company an “overweight” rating in a report on Wednesday, January 21st. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $460.00 target price on shares of Carvana in a report on Thursday, October 30th. Nineteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Carvana presently has an average rating of “Moderate Buy” and an average price target of $474.27.

Institutional Trading of Carvana

Several institutional investors have recently modified their holdings of CVNA. Gabelli Funds LLC bought a new position in Carvana during the 4th quarter worth $4,220,000. RiverFront Investment Group LLC acquired a new stake in shares of Carvana in the fourth quarter valued at about $1,043,000. North Dakota State Investment Board bought a new position in shares of Carvana during the fourth quarter worth about $1,961,000. Canada Post Corp Registered Pension Plan acquired a new position in shares of Carvana in the fourth quarter worth approximately $1,245,000. Finally, DNB Asset Management AS boosted its holdings in Carvana by 8.7% in the fourth quarter. DNB Asset Management AS now owns 25,174 shares of the company’s stock valued at $10,624,000 after acquiring an additional 2,017 shares during the last quarter. Institutional investors own 56.71% of the company’s stock.

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.