Carvana Co. (NYSE:CVNA) CFO Mark W. Jenkins Sells 5,000 Shares

Carvana Co. (NYSE:CVNA) CFO Mark W. Jenkins sold 5,000 shares of Carvana stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $146.14, for a total value of $730,700.00. Following the completion of the transaction, the chief financial officer now owns 180,609 shares of the company’s stock, valued at $26,394,199.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Carvana Stock Down 6.4 %

NYSE:CVNA opened at $137.20 on Monday. Carvana Co. has a 1-year low of $25.09 and a 1-year high of $154.00. The firm has a market capitalization of $27.79 billion, a price-to-earnings ratio of 60.18 and a beta of 3.37. The company has a current ratio of 3.11, a quick ratio of 1.62 and a debt-to-equity ratio of 47.20. The business’s fifty day moving average price is $120.56 and its 200 day moving average price is $92.87.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Wedbush restated a “neutral” rating and set a $120.00 price objective on shares of Carvana in a research report on Monday, July 29th. TD Cowen upped their price target on shares of Carvana from $110.00 to $148.00 and gave the stock a “hold” rating in a research report on Thursday. Evercore ISI lifted their price objective on shares of Carvana from $135.00 to $140.00 and gave the company an “in-line” rating in a research report on Tuesday, July 16th. BTIG Research boosted their price target on Carvana from $155.00 to $188.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Needham & Company LLC raised their price target on Carvana from $160.00 to $200.00 and gave the company a “buy” rating in a report on Thursday. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $143.60.

Institutional Trading of Carvana

Several institutional investors have recently made changes to their positions in CVNA. Blue Trust Inc. acquired a new stake in shares of Carvana during the 4th quarter valued at $29,000. Ridgewood Investments LLC acquired a new stake in shares of Carvana during the 2nd quarter valued at about $32,000. Parallel Advisors LLC increased its holdings in Carvana by 39.0% in the fourth quarter. Parallel Advisors LLC now owns 692 shares of the company’s stock worth $37,000 after buying an additional 194 shares during the last quarter. Summit Securities Group LLC raised its position in Carvana by 110.0% during the second quarter. Summit Securities Group LLC now owns 300 shares of the company’s stock valued at $39,000 after acquiring an additional 3,300 shares in the last quarter. Finally, Fifth Third Bancorp lifted its stake in Carvana by 450.8% in the second quarter. Fifth Third Bancorp now owns 336 shares of the company’s stock valued at $43,000 after acquiring an additional 275 shares during the last quarter. 56.71% of the stock is currently owned by institutional investors and hedge funds.

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.