Carvana Co. (NYSE:CVNA) Receives Consensus Rating of “Hold” from Analysts

Shares of Carvana Co. (NYSE:CVNA) have been given a consensus recommendation of “Hold” by the nineteen ratings firms that are presently covering the firm, MarketBeat.com reports. Eleven analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $229.18.

A number of research analysts have weighed in on CVNA shares. Piper Sandler raised 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. JMP Securities reiterated a “market outperform” rating and set a $320.00 price target on shares of Carvana in a research note on Monday, December 16th. Citigroup increased their price objective on Carvana from $125.00 to $195.00 and gave the stock a “neutral” rating in a research note on Thursday, October 3rd. Wedbush lifted their target price on Carvana from $150.00 to $175.00 and gave the company a “neutral” rating in a research report on Monday, October 7th. Finally, Robert W. Baird increased their price target on Carvana from $160.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st.

Insider Buying and Selling

In related news, insider Ryan S. Keeton sold 24,845 shares of Carvana stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $247.90, for a total value of $6,159,075.50. Following the completion of the sale, the insider now owns 151,029 shares of the company’s stock, valued at approximately $37,440,089.10. This trade represents a 14.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Mark W. Jenkins sold 10,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $200.75, for a total value of $2,007,500.00. Following the completion of the sale, the chief financial officer now owns 189,097 shares in the company, valued at $37,961,222.75. This represents a 5.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,251,908 shares of company stock valued at $255,943,285. 17.18% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Forum Financial Management LP lifted its position in shares of Carvana by 3.8% during the third quarter. Forum Financial Management LP now owns 2,071 shares of the company’s stock worth $361,000 after acquiring an additional 76 shares in the last quarter. Empirical Asset Management LLC raised its stake in shares of Carvana by 2.0% during the 3rd quarter. Empirical Asset Management LLC now owns 5,109 shares of the company’s stock valued at $890,000 after purchasing an additional 100 shares during the period. CIBC Asset Management Inc lifted its holdings in Carvana by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 3,366 shares of the company’s stock worth $586,000 after purchasing an additional 115 shares in the last quarter. MML Investors Services LLC boosted its stake in Carvana by 3.0% in the 3rd quarter. MML Investors Services LLC now owns 4,172 shares of the company’s stock worth $726,000 after purchasing an additional 122 shares during the period. Finally, Bleakley Financial Group LLC grew its holdings in Carvana by 6.0% during the 3rd quarter. Bleakley Financial Group LLC now owns 2,308 shares of the company’s stock valued at $402,000 after buying an additional 130 shares in the last quarter. 56.71% of the stock is owned by institutional investors.

Carvana Stock Down 11.2 %

CVNA stock opened at $177.16 on Friday. The stock’s 50 day simple moving average is $236.67 and its 200 day simple moving average is $180.94. The company has a market cap of $36.78 billion, a P/E ratio of 17,733.73 and a beta of 3.32. The company has a debt-to-equity ratio of 18.99, a quick ratio of 2.12 and a current ratio of 3.25. Carvana has a fifty-two week low of $40.21 and a fifty-two week high of $268.34.

Carvana (NYSE:CVNA) last issued its earnings results on Wednesday, October 30th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.41. The firm had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period in the previous year, the company earned $0.23 earnings per share. Carvana’s revenue for the quarter was up 31.8% compared to the same quarter last year. On average, research analysts expect that Carvana will post 0.76 earnings per share for the current fiscal 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.