Analysts Set Carvana Co. (NYSE:CVNA) Price Target at $265.06

Carvana Co. (NYSE:CVNA) has been assigned an average rating of “Moderate Buy” from the eighteen ratings firms that are presently covering the firm, Marketbeat.com reports. Eight analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $265.06.

A number of brokerages recently commented on CVNA. William Blair restated an “outperform” rating on shares of Carvana in a research report on Thursday, February 20th. Evercore ISI increased their price objective on shares of Carvana from $240.00 to $245.00 and gave the stock an “in-line” rating in a research note on Tuesday, December 3rd. Morgan Stanley upgraded shares of Carvana from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $110.00 to $260.00 in a research report on Tuesday, November 5th. Piper Sandler lifted their price objective on shares of Carvana from $151.00 to $225.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, Wedbush set a $250.00 price objective on shares of Carvana and gave the company a “neutral” rating in a research report on Wednesday, February 19th.

Insider Transactions at Carvana

In other news, insider Daniel J. Gill sold 44,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $259.47, for a total transaction of $11,416,680.00. Following the completion of the sale, the insider now owns 191,225 shares in the company, valued at $49,617,150.75. The trade was a 18.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Paul W. Breaux sold 1,362 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $270.08, for a total transaction of $367,848.96. Following the sale, the insider now owns 153,240 shares of the company’s stock, valued at $41,387,059.20. This trade represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 173,629 shares of company stock valued at $44,833,799. Corporate insiders own 17.18% of the company’s stock.

Institutional Investors Weigh In On Carvana

Institutional investors have recently added to or reduced their stakes in the company. Mackenzie Financial Corp bought a new position in Carvana during the fourth quarter valued at about $1,153,000. Toronto Dominion Bank purchased a new position in Carvana in the fourth quarter valued at about $3,124,000. Gordian Capital Singapore Pte Ltd bought a new position in shares of Carvana during the 4th quarter valued at approximately $98,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Carvana by 90.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 415,070 shares of the company’s stock worth $84,409,000 after purchasing an additional 196,776 shares during the last quarter. Finally, USS Investment Management Ltd bought a new stake in shares of Carvana in the 4th quarter worth approximately $5,065,000. 56.71% of the stock is owned by institutional investors.

Carvana Stock Performance

Shares of NYSE:CVNA opened at $232.08 on Monday. Carvana has a 12-month low of $67.61 and a 12-month high of $292.84. The company’s 50 day moving average price is $232.88 and its two-hundred day moving average price is $210.17. The firm has a market cap of $48.19 billion, a PE ratio of 147.82 and a beta of 3.37. The company has a quick ratio of 2.12, a current ratio of 3.64 and a debt-to-equity ratio of 3.82.

Carvana (NYSE:CVNA) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.27. The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.32 billion. Carvana had a return on equity of 36.59% and a net margin of 1.54%. Equities research analysts predict that Carvana will post 2.85 earnings per share for the current year.

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.