Analysts Set Carvana Co. (NYSE:CVNA) PT at $155.12

Shares of Carvana Co. (NYSE:CVNA) have received an average rating of “Hold” from the nineteen ratings firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $155.12.

A number of research firms recently commented on CVNA. BTIG Research lifted their price target on shares of Carvana from $155.00 to $188.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Royal Bank of Canada upgraded Carvana to a “sector perform” rating and boosted their target price for the company from $166.00 to $170.00 in a research note on Monday, August 19th. Stephens initiated coverage on Carvana in a research note on Thursday, September 12th. They set an “overweight” rating and a $190.00 price target for the company. Piper Sandler boosted their price objective on Carvana from $105.00 to $151.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Finally, Morgan Stanley upped their price objective on shares of Carvana from $75.00 to $110.00 and gave the company an “underweight” rating in a report on Thursday, August 1st.

Insider Transactions at Carvana

In related news, major shareholder Ernest C. Garcia II sold 100,000 shares of the business’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $170.51, for a total transaction of $17,051,000.00. Following the completion of the transaction, the insider now directly owns 39,458,131 shares in the company, valued at $6,728,005,916.81. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Ira J. Platt sold 664 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $150.00, for a total value of $99,600.00. Following the transaction, the director now owns 30,227 shares of the company’s stock, valued at approximately $4,534,050. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Ernest C. Garcia II sold 100,000 shares of Carvana stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $170.51, for a total transaction of $17,051,000.00. Following the sale, the insider now directly owns 39,458,131 shares of the company’s stock, valued at $6,728,005,916.81. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,486,866 shares of company stock valued at $357,967,534. 17.12% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Carvana

A number of large investors have recently added to or reduced their stakes in the company. Ridgewood Investments LLC purchased a new stake in Carvana during the second quarter valued at about $32,000. Parallel Advisors LLC boosted its holdings in Carvana by 39.0% during the 4th quarter. Parallel Advisors LLC now owns 692 shares of the company’s stock valued at $37,000 after acquiring an additional 194 shares during the period. Summit Securities Group LLC boosted its holdings in Carvana by 110.0% during the 2nd quarter. Summit Securities Group LLC now owns 300 shares of the company’s stock valued at $39,000 after acquiring an additional 3,300 shares during the period. Fifth Third Bancorp grew its position in Carvana by 450.8% during the 2nd quarter. Fifth Third Bancorp now owns 336 shares of the company’s stock worth $43,000 after acquiring an additional 275 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. purchased a new position in Carvana in the 2nd quarter worth approximately $51,000. Hedge funds and other institutional investors own 56.71% of the company’s stock.

Carvana Trading Down 0.8 %

Shares of Carvana stock opened at $169.78 on Friday. The firm has a market cap of $34.39 billion, a PE ratio of 74.46 and a beta of 3.43. Carvana has a 1 year low of $25.09 and a 1 year high of $176.33. The company has a debt-to-equity ratio of 47.20, a current ratio of 3.11 and a quick ratio of 2.02. The stock has a fifty day moving average price of $146.68 and a 200-day moving average price of $118.84.

Carvana (NYSE:CVNA) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.14 earnings per share (EPS) for the quarter. The company had revenue of $3.41 billion for the quarter, compared to analysts’ expectations of $3.23 billion. Equities research analysts anticipate that Carvana will post 0.27 EPS 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.