Carvana Co. (NYSE:CVNA) has earned a consensus recommendation of “Hold” from the sixteen analysts that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $20.21.

A number of equities research analysts have commented on CVNA shares. Zacks Investment Research lowered Carvana from a “buy” rating to a “sell” rating in a research report on Thursday, November 2nd. Barrington Research initiated coverage on Carvana in a research note on Friday, October 27th. They issued a “market perform” rating on the stock. Wedbush reissued a “neutral” rating and issued a $18.14 price objective (down from $20.00) on shares of Carvana in a research note on Friday, September 15th. B. Riley reissued a “sell” rating and issued a $12.00 price objective on shares of Carvana in a research note on Monday, December 4th. Finally, Robert W. Baird boosted their price objective on Carvana from $17.00 to $23.00 and gave the company an “outperform” rating in a research note on Tuesday, December 5th.

Carvana (NYSE:CVNA) opened at $21.24 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.50 and a quick ratio of 0.71. Carvana has a fifty-two week low of $8.14 and a fifty-two week high of $23.70.

Carvana (NYSE:CVNA) last issued its quarterly earnings results on Tuesday, November 7th. The company reported ($0.29) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.30) by $0.01. Carvana had a negative return on equity of 153.67% and a negative net margin of 11.81%. The company had revenue of $225.40 million for the quarter, compared to analyst estimates of $243.61 million. research analysts anticipate that Carvana will post -1.2 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of the company. 683 Capital Management LLC purchased a new stake in shares of Carvana in the third quarter worth approximately $2,936,000. Sylebra HK Co Ltd grew its holdings in shares of Carvana by 184.4% in the third quarter. Sylebra HK Co Ltd now owns 1,302,420 shares of the company’s stock valued at $19,120,000 after acquiring an additional 844,516 shares in the last quarter. Cubist Systematic Strategies LLC grew its holdings in shares of Carvana by 102.6% in the third quarter. Cubist Systematic Strategies LLC now owns 25,576 shares of the company’s stock valued at $375,000 after acquiring an additional 12,955 shares in the last quarter. Goodnow Investment Group LLC grew its holdings in shares of Carvana by 45.0% in the third quarter. Goodnow Investment Group LLC now owns 829,142 shares of the company’s stock valued at $12,172,000 after acquiring an additional 257,297 shares in the last quarter. Finally, Formula Growth Ltd. grew its holdings in shares of Carvana by 75.0% in the third quarter. Formula Growth Ltd. now owns 35,000 shares of the company’s stock valued at $514,000 after acquiring an additional 15,000 shares in the last quarter. 15.20% of the stock is owned by hedge funds and other 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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