Key Points
- CFO Insider Sale: Carvana CFO Mark Jenkins sold 12,750 shares on May 1 at an average of $387.19 for roughly $4.94M under a pre‑arranged Rule 10b5‑1 plan, trimming his position by 5.72% but still holding 210,127 shares (~$81.36M).
- Strong Quarterly Results and Corporate Actions: On April 29 Carvana beat expectations with $1.69 EPS (vs. $0.32 est.) and $6.43B revenue (vs. $6.12B est.), and shareholders recently approved a forward stock split and incentive plan—factors cited as drivers of recent stock volatility and higher investor interest.
- Institutional Support and Analyst Sentiment: Major institutions (Vanguard, State Street, Capital Research, Price T. Rowe) materially increased stakes in Q4, and analysts hold a consensus Moderate Buy rating with a $109.75 average price target.
Carvana Co. (NYSE:CVNA - Get Free Report) CFO Mark Jenkins sold 12,750 shares of the company's stock in a transaction on Friday, May 1st. The stock was sold at an average price of $387.19, for a total transaction of $4,936,672.50. Following the transaction, the chief financial officer owned 210,127 shares in the company, valued at approximately $81,359,073.13. The trade was a 5.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Carvana Trading Up 2.6%
NYSE:CVNA opened at $399.68 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 4.09 and a quick ratio of 2.57. Carvana Co. has a one year low of $267.18 and a one year high of $486.89. The company has a market cap of $87.47 billion, a PE ratio of 48.62, a PEG ratio of 28.16 and a beta of 3.55. The firm has a 50-day moving average of $74.51 and a 200-day moving average of $76.92.
Carvana (NYSE:CVNA - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The company reported $1.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $1.37. The business had revenue of $6.43 billion during the quarter, compared to the consensus estimate of $6.12 billion. Carvana had a return on equity of 41.46% and a net margin of 6.40%. As a group, equities research analysts expect that Carvana Co. will post 7.56 EPS for the current fiscal year.
Analyst Ratings Changes
A number of equities research analysts have issued reports on CVNA shares. William Blair reaffirmed an "outperform" rating on shares of Carvana in a research report on Friday, March 13th. Citizens Jmp lifted their target price on shares of Carvana from $92.00 to $103.00 and gave the stock a "market outperform" rating in a research report on Friday, May 1st. Morgan Stanley upped their target price on Carvana from $90.00 to $102.00 and gave the company an "overweight" rating in a report on Thursday, April 30th. Wedbush decreased their price target on Carvana from $100.00 to $85.00 and set an "outperform" rating for the company in a research report on Thursday, February 19th. Finally, Stephens boosted their price objective on Carvana from $86.00 to $97.00 in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Carvana has an average rating of "Moderate Buy" and a consensus price target of $109.75.
Get Our Latest Report on CVNA
Trending Headlines about Carvana
Here are the key news stories impacting Carvana this week:
- Positive Sentiment: Shareholders approved a forward stock split and a new incentive plan at the May 5 annual meeting — a split can increase liquidity and broaden the retail investor base, while the incentive plan supports retention and growth incentives. Carvana Shareholders Approve Forward Stock Split and Incentive Plan
- Positive Sentiment: Carvana is expanding reconditioning capacity at its ADESA Syracuse site (adds ~200 jobs), which should speed vehicle turnaround, broaden retail inventory and support higher throughput and sales velocity. Carvana Syracuse Expansion
- Positive Sentiment: The company will add Inspection and Reconditioning Center capabilities at ADESA Chicago, creating an additional inventory pool, faster delivery for Chicago buyers and deeper national inventory — a near‑term operational tailwind for selection and fulfillment. ADESA Chicago IRC Announcement
- Neutral Sentiment: Media coverage (MSN summary) is flagging today’s stock move and the combination of the split news, operational updates and insider transactions as likely drivers of volatility — useful context but not new fundamentals. MSN: What's going on with Carvana stock
- Neutral Sentiment: Investor interest and search activity have spiked (Zacks/MarketBeat coverage), which can increase short‑term trading volume and volatility but doesn’t change underlying margins or unit economics by itself. Zacks: Investors Heavily Search Carvana
- Negative Sentiment: CFO Mark Jenkins sold 12,750 shares on May 1 for roughly $4.94M; the sale was made under a pre‑arranged Rule 10b5‑1 plan and he still holds a large stake — insider sales can be perceived negatively but the 10b5‑1 disclosure and retained ownership moderate the concern. Insider Sale Filing
Institutional Investors Weigh In On Carvana
Several large investors have recently modified their holdings of CVNA. Vanguard Group Inc. raised its holdings in shares of Carvana by 24.7% in the 4th quarter. Vanguard Group Inc. now owns 16,783,101 shares of the company's stock worth $7,082,804,000 after purchasing an additional 3,328,115 shares during the period. State Street Corp grew its holdings in Carvana by 93.7% during the fourth quarter. State Street Corp now owns 5,714,779 shares of the company's stock valued at $2,411,751,000 after purchasing an additional 2,764,759 shares during the period. Capital Research Global Investors increased its position in Carvana by 42.9% in the fourth quarter. Capital Research Global Investors now owns 5,700,953 shares of the company's stock worth $2,405,959,000 after buying an additional 1,711,144 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Carvana by 8.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,726,838 shares of the company's stock worth $7,481,081,000 after buying an additional 1,407,762 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Carvana by 55.4% in the fourth quarter. Geode Capital Management LLC now owns 3,880,711 shares of the company's stock valued at $1,632,763,000 after buying an additional 1,382,852 shares during the period. Hedge funds and other institutional investors own 56.71% of the company's stock.
Carvana Company Profile
(
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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.
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