Carvana Co. (NYSE:CVNA) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Carvana Co. (NYSE:CVNA) have received a consensus rating of “Moderate Buy” from the eighteen ratings firms that are covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $261.53.

Several research analysts have issued reports on CVNA shares. Evercore ISI decreased their target price on shares of Carvana from $250.00 to $240.00 and set an “in-line” rating for the company in a report on Tuesday, March 11th. Robert W. Baird boosted their price objective on shares of Carvana from $200.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. JPMorgan Chase & Co. cut their target price on Carvana from $365.00 to $325.00 and set an “overweight” rating on the stock in a research note on Thursday. William Blair restated an “outperform” rating on shares of Carvana in a research note on Thursday, February 20th. Finally, Bank of America dropped their price objective on Carvana from $270.00 to $220.00 and set a “buy” rating on the stock in a research report on Friday, March 14th.

Insiders Place Their Bets

In other news, CFO Mark W. Jenkins sold 10,000 shares of Carvana stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $250.12, for a total transaction of $2,501,200.00. Following the transaction, the chief financial officer now directly owns 219,962 shares of the company’s stock, valued at $55,016,895.44. The trade was a 4.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thomas Taira sold 27,593 shares of the business’s stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $225.03, for a total value of $6,209,252.79. Following the transaction, the insider now owns 179,673 shares of the company’s stock, valued at approximately $40,431,815.19. This trade represents a 13.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 197,377 shares of company stock worth $44,251,096. Company insiders own 17.12% of the company’s stock.

Hedge Funds Weigh In On Carvana

Several large investors have recently added to or reduced their stakes in the company. FMR LLC increased its stake in shares of Carvana by 90.8% in the third quarter. FMR LLC now owns 12,361,790 shares of the company’s stock worth $2,152,311,000 after purchasing an additional 5,882,656 shares in the last quarter. Whale Rock Capital Management LLC purchased a new position in shares of Carvana in the third quarter worth $162,953,000. Norges Bank bought a new position in shares of Carvana during the 4th quarter valued at about $179,364,000. Vanguard Group Inc. boosted its stake in Carvana by 5.6% during the fourth quarter. Vanguard Group Inc. now owns 11,425,367 shares of the company’s stock valued at $2,323,463,000 after buying an additional 610,234 shares during the last quarter. Finally, Castle Hook Partners LP bought a new position in shares of Carvana during the 4th quarter valued at approximately $116,020,000. Hedge funds and other institutional investors own 56.71% of the company’s stock.

Carvana Stock Performance

Carvana stock opened at $204.45 on Friday. Carvana has a twelve month low of $67.61 and a twelve month high of $292.84. The company has a quick ratio of 2.12, a current ratio of 3.64 and a debt-to-equity ratio of 3.82. The company has a market capitalization of $43.58 billion, a P/E ratio of 130.22 and a beta of 3.56. The stock’s 50 day moving average is $227.77 and its 200 day moving average is $216.41.

Carvana (NYSE:CVNA) last released its earnings results on Wednesday, February 19th. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.27. The firm had revenue of $3.55 billion for 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%. On average, equities research analysts predict that Carvana will post 2.85 earnings per share 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.