S&P 500 falls on pressure from retail stocks, weak jobless claims
TEMPE, Ariz.—Mark W. Jenkins, Chief Financial Officer of Carvana Co. (NYSE:CVNA), recently executed a series of stock transactions as disclosed in a Form 4 filing with the Securities and Exchange Commission. On March 3, 2025, Jenkins sold a total of 8,800 shares of Carvana’s Class A Common Stock, generating approximately $2.25 million. The shares were sold at prices ranging from $219.05 to $235.69 per share. The transaction comes as Carvana’s stock has shown remarkable strength, delivering a 164% return over the past year and maintaining a substantial market capitalization of $47.3 billion.
In addition to the sales, Jenkins acquired 10,000 shares through stock options exercised at a price of $10.07 per share, totaling $100,700. Following these transactions, Jenkins holds 218,991 shares of Carvana. According to InvestingPro analysis, Carvana maintains a "GOOD" overall financial health score, with revenue growing at 27% and liquid assets exceeding short-term obligations. Get deeper insights into insider trading patterns and 15+ additional exclusive ProTips with an InvestingPro subscription.
These trades were conducted under a pre-arranged 10b5-1 trading plan adopted on August 5, 2024. Carvana, headquartered in Tempe, Arizona, is a leading online platform for buying and selling used cars. Based on InvestingPro’s Fair Value analysis, the stock currently appears to be trading near its fair value.
In other recent news, Carvana Co. has reported notable developments following its latest earnings release. The company showcased impressive earnings before interest, taxes, depreciation, and amortization (EBITDA) of $359 million, exceeding consensus expectations by $30 million. Carvana’s Retail Unit sales also witnessed a significant 50% year-over-year increase, surpassing projections from multiple analysts. Despite these positive results, Carvana announced a $913 million at-the-market equity raise, which has led to some investor concerns over the company’s financial strategy.
Various analyst firms have responded to Carvana’s performance by adjusting their stock price targets. DA Davidson increased the target to $260 while maintaining a Neutral rating, citing Carvana’s accelerating growth trajectory. RBC Capital and Citi both raised their targets to $320, with RBC maintaining an Outperform rating and Citi a Buy rating, reflecting optimism in Carvana’s growth potential. Needham raised its target to $340, maintaining a Buy rating and highlighting Carvana as a top growth story in the auto industry. Meanwhile, BTIG upheld a $295 target, noting Carvana’s strong retail unit growth and potential for future EBITDA expansion.
These updates indicate a mixed but generally positive outlook from analysts, with some expressing caution due to the stock’s recent appreciation. Carvana’s strategic initiatives, including inventory expansion and operational efficiency improvements, are seen as key factors driving its market position. As the company continues to navigate the competitive landscape, its ability to optimize financial metrics and capture market share remains under close observation by investors and analysts alike.
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