Shares of Carvana Co. (NYSE:CVNA – Get Free Report) have earned an average recommendation of “Hold” from the nineteen ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $182.29.
Several equities analysts have recently issued reports on CVNA shares. Stephens began coverage on Carvana in a research report on Thursday, September 12th. They issued an “overweight” rating and a $190.00 price target for the company. Citigroup lifted their target price on shares of Carvana from $125.00 to $195.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. DA Davidson increased their price target on shares of Carvana from $110.00 to $155.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. boosted their price objective on shares of Carvana from $185.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Finally, Bank of America increased their target price on Carvana from $185.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th.
View Our Latest Research Report on CVNA
Insider Transactions at Carvana
Hedge Funds Weigh In On Carvana
Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Carvana by 7.0% during the 4th quarter. Vanguard Group Inc. now owns 10,023,579 shares of the company’s stock valued at $530,648,000 after buying an additional 655,603 shares in the last quarter. Driehaus Capital Management LLC raised its holdings in Carvana by 124.9% during the second quarter. Driehaus Capital Management LLC now owns 581,787 shares of the company’s stock valued at $74,888,000 after acquiring an additional 323,153 shares during the period. Chicago Capital LLC purchased a new position in shares of Carvana in the third quarter valued at about $940,000. Tidal Investments LLC purchased a new position in shares of Carvana in the first quarter valued at about $1,783,000. Finally, Legacy Capital Group California Inc. bought a new position in shares of Carvana in the third quarter worth about $1,248,000. 56.71% of the stock is currently owned by institutional investors.
Carvana Price Performance
Shares of NYSE CVNA opened at $202.53 on Tuesday. The company has a 50 day simple moving average of $167.97 and a two-hundred day simple moving average of $133.19. Carvana has a fifty-two week low of $25.09 and a fifty-two week high of $203.72. The company has a market capitalization of $41.03 billion, a price-to-earnings ratio of 88.83 and a beta of 3.44. The company has a debt-to-equity ratio of 47.20, a quick ratio of 2.02 and a current ratio of 3.11.
Carvana (NYSE:CVNA – Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.14 earnings per share for the quarter. The company had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.23 billion. Analysts expect that Carvana will post 0.29 EPS for the current fiscal year.
About Carvana
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.
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