Carvana Co. (NYSE:CVNA – Get Free Report) CFO Mark W. Jenkins sold 5,000 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $99.25, for a total value of $496,250.00. Following the transaction, the chief financial officer now owns 192,552 shares in the company, valued at $19,110,786. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Carvana Stock Performance
Shares of CVNA stock traded up $2.14 during trading hours on Tuesday, reaching $101.10. The company had a trading volume of 3,109,021 shares, compared to its average volume of 5,751,527. The stock’s fifty day simple moving average is $95.58 and its 200 day simple moving average is $68.36. The company has a market capitalization of $20.48 billion, a P/E ratio of 43.42 and a beta of 3.29. Carvana Co. has a twelve month low of $14.32 and a twelve month high of $129.00.
Carvana (NYSE:CVNA – Get Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The company reported ($0.41) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.76) by $0.35. The firm had revenue of $3.06 billion during the quarter, compared to analyst estimates of $2.72 billion. As a group, equities analysts expect that Carvana Co. will post -0.96 earnings per share for the current year.
Institutional Investors Weigh In On Carvana
A number of large investors have recently added to or reduced their stakes in CVNA. Blue Trust Inc. purchased a new position in Carvana in the 4th quarter valued at about $29,000. Hanseatic Management Services Inc. purchased a new position in Carvana in the third quarter valued at about $34,000. Parallel Advisors LLC boosted its holdings in Carvana by 39.0% in the fourth quarter. Parallel Advisors LLC now owns 692 shares of the company’s stock valued at $37,000 after purchasing an additional 194 shares during the last quarter. Tidemark LLC acquired a new stake in Carvana during the 4th quarter valued at approximately $50,000. Finally, Plato Investment Management Ltd purchased a new stake in Carvana during the 1st quarter worth approximately $55,000. 56.71% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on CVNA shares. Royal Bank of Canada raised their target price on shares of Carvana from $90.00 to $130.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 2nd. Robert W. Baird boosted their price objective on shares of Carvana from $65.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Wells Fargo & Company upped their price objective on Carvana from $60.00 to $77.00 and gave the stock an “equal weight” rating in a report on Thursday, May 2nd. William Blair reiterated an “outperform” rating on shares of Carvana in a report on Thursday, May 2nd. Finally, Evercore ISI dropped their price target on Carvana from $78.00 to $77.00 and set an “in-line” rating for the company in a research note on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Carvana presently has a consensus rating of “Hold” and a consensus price target of $77.60.
About Carvana
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.