Barclays Issues Positive Forecast for Carvana (NYSE:CVNA) Stock Price

Carvana (NYSE:CVNA) had its price objective raised by research analysts at Barclays from $80.00 to $82.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price objective points to a potential upside of 23.27% from the company’s previous close.

A number of other equities research analysts have also issued reports on CVNA. Stephens reissued an “overweight” rating and issued a $83.00 price target (down from $91.50) on shares of Carvana in a report on Tuesday, October 6th. Morgan Stanley reiterated an “overweight” rating on shares of Carvana in a research report on Thursday. Robert W. Baird set a $72.00 target price on Carvana in a report on Thursday, July 30th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $75.00 target price (down from $80.00) on shares of Carvana in a research note on Friday, October 23rd. Finally, BNP Paribas Exane dropped their target price on shares of Carvana from $69.00 to $67.00 and set a “neutral” rating on the stock in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $82.09.

Carvana Stock Performance

CVNA traded down $1.79 during trading hours on Friday, hitting $66.52. The stock had a trading volume of 1,301,710 shares, compared to its average volume of 12,982,173. The company has a quick ratio of 2.33, a current ratio of 3.93 and a debt-to-equity ratio of 0.94. The stock has a market cap of $73.21 billion, a PE ratio of 33.49, a price-to-earnings-growth ratio of 1.75 and a beta of 3.55. Carvana has a 1 year low of $54.46 and a 1 year high of $97.38. The company’s fifty day simple moving average is $65.85 and its 200 day simple moving average is $69.54.

Carvana (NYSE:CVNA) last released its quarterly earnings data on Wednesday, October 28th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.05). The company had revenue of $8.04 billion for the quarter, compared to the consensus estimate of $7.71 billion. Carvana had a net margin of 6.21% and a return on equity of 36.63%. The business’s revenue for the quarter was up 42.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.03 earnings per share. Equities analysts anticipate that Carvana will post 1.63 earnings per share for the current year.

Insider Transactions at Carvana

In other Carvana news, insider Thomas Taira sold 16,789 shares of Carvana stock in a transaction on Monday, September 14th. The shares were sold at an average price of $70.58, for a total transaction of $1,184,967.62. Following the completion of the transaction, the insider directly owned 366,987 shares of the company’s stock, valued at $25,901,942.46. The trade was a 4.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Mark W. Jenkins sold 63,750 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $61.64, for a total value of $3,929,550.00. Following the transaction, the chief financial officer directly owned 1,142,502 shares in the company, valued at approximately $70,423,823.28. This represents a 5.28% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 358,161 shares of company stock valued at $24,164,285. 15.19% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CVNA. Ascentis Independent Advisors bought a new position in Carvana during the 1st quarter worth about $26,000. Annis Gardner Whiting Capital Advisors LLC lifted its position in Carvana by 152.6% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 96 shares of the company’s stock valued at $30,000 after acquiring an additional 58 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in Carvana during the 1st quarter valued at about $36,000. Leonteq Securities AG boosted its stake in Carvana by 106.8% in the 1st quarter. Leonteq Securities AG now owns 122 shares of the company’s stock worth $38,000 after purchasing an additional 1,912 shares in the last quarter. Finally, Root Financial Partners LLC raised its stake in Carvana by 114.1% in the 1st quarter. Root Financial Partners LLC now owns 289 shares of the company’s stock worth $91,000 after acquiring an additional 154 shares during the last quarter. Institutional investors own 56.71% of the company’s stock.

Carvana News Roundup

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Carvana reported record third-quarter revenue of $8.04 billion, exceeding the $7.71 billion analyst consensus, while retail units sold rose nearly 40% year over year to 217,385. The results suggest the company continues to gain share in a sluggish used-car market. Carvana Profit Soars as Vehicle Sales Climb Nearly 40%
• Positive Sentiment: Management highlighted positive free cash flow and a net-debt position at its strongest level in nearly five years. Longer-term plans call for 3 million annual retail units and a 12.5% operating margin, supporting the bullish growth narrative. Carvana Continues To Improve
• Positive Sentiment: Morgan Stanley reportedly named Carvana a top pick after the quarterly report, while Citizens JMP raised its price target to $85 and maintained a “market outperform” rating. Needham also retained a “buy” rating despite lowering its target to $100. Morgan Stanley Names Carvana a Top Pick
• Neutral Sentiment: Analyst opinion remains mixed: DA Davidson reaffirmed “neutral” with a $67 target, while BNP Paribas Exane cut its target to $67 and kept a neutral rating. These targets indicate limited upside based on current valuation assumptions.
• Negative Sentiment: Third-quarter EPS was $0.39, below consensus estimates ranging from $0.44 to $0.47. Lower gross profit per unit and margin pressure are fueling concerns that rapid sales growth may not translate proportionally into earnings. Carvana Misses Q3 Earnings Estimates

Carvana Company Profile

Carvana Co (NYSE: CVNA) is an online automotive retailer that sells used vehicles through its digital platform. Customers can browse vehicles, review detailed descriptions and vehicle history information, arrange financing, complete transactions online and choose home delivery or pickup at a Carvana location.

The company also provides vehicle trade-in services and offers related products, including vehicle protection plans and other automotive services. Carvana is known for its automated, glass-enclosed vehicle vending machines, which provide an alternative pickup experience in select markets.

Founded in 2012 and headquartered in Tempe, Arizona, Carvana began operations as an online used-car retailer in 2013 and went public in 2017.