Carvana Co. (NYSE:CVNA) Receives $133.91 Consensus Price Target from Analysts

Carvana Co. (NYSE:CVNA – Get Rating) has been given a consensus rating of “Hold” by the twenty-five brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $133.91.

Several research firms have commented on CVNA. Cowen lowered their target price on shares of Carvana from $230.00 to $142.00 in a research report on Monday, May 16th. Northcoast Research began coverage on Carvana in a research report on Monday, April 11th. They set a “neutral” rating for the company. Wells Fargo & Company dropped their price target on shares of Carvana from $65.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 8th. Robert W. Baird reduced their price objective on shares of Carvana from $125.00 to $65.00 in a research note on Wednesday, May 11th. Finally, Cowen dropped their target price on shares of Carvana to $142.00 and set an “outperform” rating on the stock in a report on Monday, May 16th.

Shares of NYSE CVNA opened at $25.14 on Friday. The company has a debt-to-equity ratio of 63.19, a current ratio of 1.36 and a quick ratio of 0.47. Carvana has a one year low of $19.80 and a one year high of $376.83. The business’s 50-day moving average price is $44.84 and its two-hundred day moving average price is $121.72. The company has a market capitalization of $4.35 billion, a P/E ratio of -6.24 and a beta of 2.60.

Carvana (NYSE:CVNA – Get Rating) last released its quarterly earnings data on Wednesday, April 20th. The company reported ($2.89) EPS for the quarter, missing analysts’ consensus estimates of ($1.72) by ($1.17). The firm had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.37 billion. Carvana had a negative return on equity of 69.88% and a negative net margin of 2.55%. The company’s quarterly revenue was up 55.8% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.46) EPS. On average, equities analysts anticipate that Carvana will post -6.78 EPS for the current year.

In other Carvana news, insider Daniel J. Gill purchased 94,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 15th. The shares were acquired at an average cost of $21.77 per share, for a total transaction of $2,046,380.00. Following the transaction, the insider now directly owns 131,023 shares in the company, valued at $2,852,370.71. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul W. Breaux purchased 14,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 31st. The shares were acquired at an average cost of $31.09 per share, with a total value of $435,260.00. Following the completion of the acquisition, the insider now directly owns 78,240 shares in the company, valued at $2,432,481.60. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 5,859,508 shares of company stock worth $340,538,049. 17.67% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of CVNA. OLD Second National Bank of Aurora acquired a new position in shares of Carvana during the third quarter worth approximately $30,000. Sandy Cove Advisors LLC acquired a new position in Carvana during the 4th quarter worth $33,000. Lloyd Advisory Services LLC. boosted its position in Carvana by 66.3% in the 4th quarter. Lloyd Advisory Services LLC. now owns 173 shares of the company’s stock valued at $40,000 after buying an additional 69 shares during the last quarter. HM Payson & Co. acquired a new stake in shares of Carvana in the 4th quarter valued at $45,000. Finally, Trust Co. of Vermont bought a new stake in shares of Carvana during the fourth quarter worth $46,000.

About Carvana (Get Rating)

Carvana Co, together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States. The company's 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.

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