Carvana (NYSE:CVNA)‘s stock had its “sell” rating reiterated by equities researchers at B. Riley in a note issued to investors on Monday. They presently have a $12.00 target price on the stock. B. Riley’s price objective would suggest a potential downside of 40.62% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Robert W. Baird boosted their price objective on shares of Carvana from $17.00 to $23.00 and gave the stock an “outperform” rating in a research note on Tuesday. JMP Securities dropped their price objective on shares of Carvana from $25.00 to $23.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 8th. Wedbush reissued a “neutral” rating and set a $14.00 price objective (down previously from $20.00) on shares of Carvana in a research note on Wednesday, November 8th. BMO Capital Markets dropped their price objective on shares of Carvana from $25.00 to $19.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 8th. Finally, ValuEngine lowered shares of Carvana from a “hold” rating to a “sell” rating in a research note on Friday. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the stock. Carvana presently has an average rating of “Hold” and an average price target of $19.77.

Shares of Carvana (CVNA) traded up $2.30 on Monday, hitting $20.21. 1,351,600 shares of the stock were exchanged, compared to its average volume of 757,421. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.71 and a current ratio of 1.50. Carvana has a 52-week low of $8.14 and a 52-week high of $23.70.

Carvana (NYSE:CVNA) last posted its quarterly earnings data on Tuesday, November 7th. The company reported ($0.29) EPS for the quarter, topping the 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 business had revenue of $225.40 million for the quarter, compared to analyst estimates of $243.61 million. research analysts expect that Carvana will post -1.19 EPS for the current year.

Institutional investors have recently modified their holdings of the business. Nationwide Fund Advisors purchased a new position in Carvana in the second quarter worth about $177,000. Nordea Investment Management AB purchased a new position in Carvana in the second quarter worth about $190,000. ClariVest Asset Management LLC purchased a new position in Carvana in the second quarter worth about $190,000. JPMorgan Chase & Co. raised its holdings in Carvana by 2,272.3% in the third quarter. JPMorgan Chase & Co. now owns 11,055 shares of the company’s stock worth $165,000 after buying an additional 10,589 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new position in Carvana in the third quarter worth about $185,000. 15.20% of the stock is owned by institutional investors and hedge funds.

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About Carvana

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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