Carvana Co. (NYSE:CVNA) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Carvana Co. (NYSE:CVNA) has earned an average rating of “Moderate Buy” from the eighteen ratings firms that are presently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $263.88.

Several research firms have recently weighed in on CVNA. Needham & Company LLC reissued a “buy” rating and issued a $340.00 price objective on shares of Carvana in a research report on Friday, March 7th. Robert W. Baird increased their price target on shares of Carvana from $200.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. Wells Fargo & Company dropped their price objective on shares of Carvana from $300.00 to $275.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Evercore ISI reduced their target price on shares of Carvana from $250.00 to $240.00 and set an “in-line” rating for the company in a research note on Tuesday, March 11th. Finally, JPMorgan Chase & Co. boosted their price target on Carvana from $350.00 to $365.00 and gave the company an “overweight” rating in a research note on Friday, March 7th.

Carvana Stock Performance

Shares of CVNA opened at $221.27 on Friday. The company has a debt-to-equity ratio of 3.82, a current ratio of 3.64 and a quick ratio of 2.12. Carvana has a one year low of $67.61 and a one year high of $292.84. The company’s fifty day moving average price is $228.48 and its 200 day moving average price is $216.58. The company has a market capitalization of $47.17 billion, a PE ratio of 140.94 and a beta of 3.56.

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

Insider Transactions at Carvana

In other Carvana news, CFO Mark W. Jenkins sold 10,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $200.75, for a total value of $2,007,500.00. Following the transaction, the chief financial officer now directly owns 189,097 shares in the company, valued at approximately $37,961,222.75. This trade represents a 5.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Benjamin E. Huston sold 50,000 shares of Carvana stock in a transaction on Friday, March 14th. The shares were sold at an average price of $178.49, for a total value of $8,924,500.00. Following the completion of the sale, the chief operating officer now directly owns 196,278 shares of the company’s stock, valued at $35,033,660.22. This trade represents a 20.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 119,784 shares of company stock valued at $27,524,344 in the last three months. 17.12% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Carvana

Several hedge funds have recently added to or reduced their stakes in the company. Quent Capital LLC bought a new position in shares of Carvana in the 4th quarter valued at about $28,000. Global Retirement Partners LLC lifted its holdings in Carvana by 109.9% in the fourth quarter. Global Retirement Partners LLC now owns 149 shares of the company’s stock valued at $30,000 after buying an additional 78 shares during the period. Rialto Wealth Management LLC bought a new position in Carvana in the fourth quarter valued at approximately $31,000. ORG Wealth Partners LLC acquired a new stake in Carvana during the 4th quarter worth $34,000. Finally, Versant Capital Management Inc bought a new stake in shares of Carvana during the 4th quarter valued at $42,000. Institutional investors own 56.71% of the company’s stock.

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.