Carvana Co. (NYSE:CVNA) – Investment analysts at Wedbush dropped their FY2019 earnings per share estimates for Carvana in a report issued on Monday. Wedbush analyst S. Basham now anticipates that the company will post earnings of $0.19 per share for the year, down from their prior estimate of $0.27. Wedbush currently has a “Neutral” rating and a $14.00 price target on the stock.

CVNA has been the subject of a number of other reports. Robert W. Baird reiterated an “outperform” rating and issued a $22.00 price objective on shares of Carvana in a research note on Thursday, September 7th. Susquehanna Bancshares reiterated a “neutral” rating and issued a $16.00 price objective (up from $12.00) on shares of Carvana in a research note on Friday, August 11th. ValuEngine lowered shares of Carvana from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Consumer Edge reiterated an “outperform” rating and issued a $23.00 price objective on shares of Carvana in a research note on Monday, October 2nd. Finally, B. Riley reiterated a “sell” rating and issued a $12.00 price objective on shares of Carvana in a research note on Wednesday, November 8th. Three analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the stock. Carvana has a consensus rating of “Hold” and an average price target of $19.77.

Carvana (NYSE CVNA) traded up $0.12 during trading on Wednesday, reaching $20.55. 648,393 shares of the company were exchanged, compared to its average volume of 754,736. Carvana has a fifty-two week low of $8.14 and a fifty-two week high of $23.70. 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 (NYSE:CVNA) last released its quarterly earnings data on Tuesday, November 7th. The company reported ($0.29) earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $243.61 million.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CVNA. Abrams Bison Investments LLC bought a new stake in shares of Carvana during the 2nd quarter worth $51,175,000. FMR LLC bought a new stake in shares of Carvana during the 2nd quarter worth $26,992,000. Sylebra HK Co Ltd lifted its holdings in shares of Carvana by 184.4% during the 3rd quarter. Sylebra HK Co Ltd now owns 1,302,420 shares of the company’s stock worth $19,120,000 after acquiring an additional 844,516 shares during the last quarter. Goodnow Investment Group LLC lifted its holdings in shares of Carvana by 45.0% during the 3rd quarter. Goodnow Investment Group LLC now owns 829,142 shares of the company’s stock worth $12,172,000 after acquiring an additional 257,297 shares during the last quarter. Finally, Royal Bank of Canada bought a new stake in shares of Carvana during the 2nd quarter worth $15,354,000. Hedge funds and other institutional investors own 15.20% of the company’s stock.

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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.

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