Carvana Co. (NYSE:CVNA) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Carvana Co. (NYSE:CVNA) have been given a consensus recommendation of “Moderate Buy” by the twenty-five brokerages that are presently covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and nineteen have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $474.2727.

A number of equities analysts have issued reports on CVNA shares. Argus initiated coverage on shares of Carvana in a report on Monday, December 15th. They issued a “buy” rating and a $500.00 target price on the stock. DA Davidson set a $360.00 price target on Carvana in a report on Thursday, October 30th. Morgan Stanley restated an “overweight” rating on shares of Carvana in a research note on Thursday, January 8th. Evercore increased their target price on Carvana from $425.00 to $430.00 in a research report on Tuesday, January 27th. Finally, Gordon Haskett reduced their price target on shares of Carvana from $445.00 to $435.00 and set a “hold” rating for the company in a report on Monday, January 5th.

Insider Activity at Carvana

In other news, COO Benjamin E. Huston sold 40,000 shares of Carvana stock in a transaction on Monday, December 8th. The stock was sold at an average price of $439.50, for a total transaction of $17,580,000.00. Following the transaction, the chief operating officer directly owned 100,758 shares in the company, valued at approximately $44,283,141. This trade represents a 28.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul W. Breaux sold 20,000 shares of Carvana stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $438.50, for a total value of $8,770,000.00. Following the transaction, the insider directly owned 69,289 shares in the company, valued at approximately $30,383,226.50. The trade was a 22.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 421,804 shares of company stock valued at $180,021,777. 17.12% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Carvana

Institutional investors and hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC increased its stake in Carvana by 6.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 917 shares of the company’s stock worth $387,000 after purchasing an additional 53 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in shares of Carvana by 66.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,552 shares of the company’s stock worth $655,000 after buying an additional 622 shares during the period. ABN Amro Investment Solutions increased its position in shares of Carvana by 237.3% in the fourth quarter. ABN Amro Investment Solutions now owns 6,014 shares of the company’s stock worth $2,538,000 after acquiring an additional 4,231 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of Carvana by 48.1% during the fourth quarter. IFP Advisors Inc now owns 422 shares of the company’s stock valued at $178,000 after acquiring an additional 137 shares during the period. Finally, Windmill Hill Asset Management Ltd acquired a new stake in shares of Carvana during the fourth quarter valued at approximately $775,000. 56.71% of the stock is owned by institutional investors and hedge funds.

Carvana Trading Up 5.2%

NYSE:CVNA opened at $403.68 on Monday. The company has a market cap of $87.82 billion, a PE ratio of 92.16, a P/E/G ratio of 0.99 and a beta of 3.57. The business’s 50 day moving average is $436.46 and its two-hundred day moving average is $381.34. The company has a quick ratio of 2.55, a current ratio of 4.05 and a debt-to-equity ratio of 1.63. Carvana has a 52 week low of $148.25 and a 52 week high of $486.89.

Carvana Company Profile

Carvana Co is an online-only retailer of used vehicles that operates a consumer-facing e-commerce platform for buying and selling cars. The company markets and sells inspected, reconditioned pre-owned vehicles through its website, where shoppers can browse inventory, view detailed 360-degree photos and vehicle history reports, finance purchases, and arrange delivery or pickup. Carvana’s model is built around a digital end-to-end car buying experience that aims to simplify vehicle transactions compared with traditional dealerships.

Its products and services include direct retail sales of used cars, trade-in and purchase offers for consumer vehicles, vehicle financing and related protection products, and a seven-day return policy that allows customers to test a vehicle in everyday use.