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

Shares of Carvana Co. (NYSE:CVNA) have earned an average recommendation of “Moderate Buy” from the twenty-one research firms that are currently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $415.50.

Several equities research analysts have recently weighed in on the company. Evercore ISI lowered their price objective on Carvana from $425.00 to $395.00 and set an “in-line” rating on the stock in a research note on Thursday, October 30th. Morgan Stanley set a $450.00 price target on Carvana in a research report on Monday, October 20th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Carvana in a research report on Tuesday, October 14th. BTIG Research reiterated a “buy” rating and issued a $450.00 price objective on shares of Carvana in a research report on Thursday, October 30th. Finally, Stephens reiterated an “overweight” rating and issued a $440.00 price objective on shares of Carvana in a research report on Tuesday, September 23rd.

Carvana Trading Down 0.2%

Carvana stock opened at $309.20 on Friday. The business has a 50 day moving average price of $359.57 and a two-hundred day moving average price of $333.26. The company has a quick ratio of 2.55, a current ratio of 4.05 and a debt-to-equity ratio of 1.63. The stock has a market cap of $66.54 billion, a price-to-earnings ratio of 70.59, a price-to-earnings-growth ratio of 1.12 and a beta of 3.50. Carvana has a 12 month low of $148.25 and a 12 month high of $413.33.

Carvana (NYSE:CVNA) last released its quarterly earnings data on Wednesday, October 29th. The company reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.29 by ($0.26). Carvana had a net margin of 3.44% and a return on equity of 30.62%. The company had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.04 billion. During the same quarter in the prior year, the company posted $0.64 earnings per share. The company’s revenue for the quarter was up 54.5% on a year-over-year basis. As a group, equities analysts forecast that Carvana will post 2.85 EPS for the current year.

Insider Buying and Selling

In other news, insider Paul W. Breaux sold 15,000 shares of the stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $375.00, for a total value of $5,625,000.00. Following the transaction, the insider owned 83,018 shares of the company’s stock, valued at $31,131,750. This represents a 15.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ira J. Platt sold 14,000 shares of the firm’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $379.14, for a total value of $5,307,960.00. Following the sale, the director directly owned 7,231 shares in the company, valued at $2,741,561.34. The trade was a 65.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 753,475 shares of company stock worth $268,535,378 over the last 90 days. 17.12% of the stock is currently owned by corporate insiders.

Institutional Trading of Carvana

Several hedge funds have recently added to or reduced their stakes in CVNA. Hilltop National Bank acquired a new stake in Carvana during the 2nd quarter worth $25,000. Brooklyn Investment Group raised its stake in shares of Carvana by 961.5% in the 1st quarter. Brooklyn Investment Group now owns 138 shares of the company’s stock valued at $29,000 after purchasing an additional 125 shares during the period. N.E.W. Advisory Services LLC acquired a new stake in shares of Carvana in the 1st quarter valued at about $33,000. ORG Partners LLC increased its position in shares of Carvana by 8,700.0% in the third quarter. ORG Partners LLC now owns 88 shares of the company’s stock valued at $33,000 after acquiring an additional 87 shares during the last quarter. Finally, SJS Investment Consulting Inc. increased its position in shares of Carvana by 960.0% in the second quarter. SJS Investment Consulting Inc. now owns 106 shares of the company’s stock valued at $36,000 after acquiring an additional 96 shares during the last quarter. Institutional investors and hedge funds own 56.71% of the company’s stock.

Carvana Company Profile

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.