Carvana (NYSE:CVNA) had its target price upped by Robert W. Baird from $17.00 to $23.00 in a research report issued to clients and investors on Tuesday. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price target points to a potential upside of 13.81% from the company’s previous close.

Other equities analysts have also recently issued research reports about the stock. B. Riley reissued a “sell” rating and issued a $12.00 target price on shares of Carvana in a report on Wednesday, November 8th. JMP Securities cut their target price on shares of Carvana from $25.00 to $23.00 and set an “outperform” rating on the stock in a report on Wednesday, November 8th. Wedbush reaffirmed a “neutral” rating and set a $14.00 price target (down previously from $20.00) on shares of Carvana in a report on Wednesday, November 8th. BMO Capital Markets cut their price target on Carvana from $25.00 to $19.00 and set an “outperform” rating on the stock in a report on Wednesday, November 8th. Finally, ValuEngine cut Carvana from a “hold” rating to a “sell” rating in a report on Friday. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $19.77.

Carvana (NYSE CVNA) opened at $20.21 on Tuesday. The company has a quick ratio of 0.71, a current ratio of 1.50 and a debt-to-equity ratio of 0.07. Carvana has a twelve month low of $8.14 and a twelve month high of $23.70.

Carvana (NYSE:CVNA) last issued its earnings results on Tuesday, November 7th. The company reported ($0.29) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.30) by $0.01. Carvana had a negative net margin of 11.81% and a negative return on equity of 153.67%. The firm had revenue of $225.40 million for the quarter, compared to analysts’ expectations of $243.61 million. equities research analysts forecast that Carvana will post -1.19 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CVNA. Wells Fargo & Company MN increased its stake in shares of Carvana by 10.8% during the third quarter. Wells Fargo & Company MN now owns 61,623 shares of the company’s stock valued at $905,000 after acquiring an additional 5,998 shares during the period. Nationwide Fund Advisors acquired a new position in shares of Carvana during the second quarter valued at approximately $177,000. Nordea Investment Management AB acquired a new position in shares of Carvana during the second quarter valued at approximately $190,000. ClariVest Asset Management LLC acquired a new position in shares of Carvana during the second quarter valued at approximately $190,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Carvana by 2,272.3% during the third quarter. JPMorgan Chase & Co. now owns 11,055 shares of the company’s stock valued at $165,000 after acquiring an additional 10,589 shares during the period. 15.20% of the stock is currently owned by institutional investors.

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Carvana Company Profile

Carvana Co is an e-commerce platform for buying used cars. On the Company’s platform, consumers can research and identify a vehicle, inspect it using its proprietary 360-degree vehicle imaging technology, obtain financing and warranty coverage, purchase the vehicle and schedule delivery or pick-up, all from their desktop or mobile devices.

Analyst Recommendations for Carvana (NYSE:CVNA)

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