Carvana Co. (NYSE:CVNA) Given Consensus Recommendation of “Hold” by Analysts

Shares of Carvana Co. (NYSE:CVNA) have been given a consensus rating of “Hold” by the nineteen analysts that are currently covering the company, Marketbeat Ratings reports. Eleven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $222.71.

Several research analysts have recently commented on the company. Wedbush raised their price objective on Carvana from $150.00 to $175.00 and gave the stock a “neutral” rating in a research note on Monday, October 7th. JMP Securities reiterated a “market outperform” rating and issued a $320.00 price target on shares of Carvana in a research report on Monday. Evercore ISI raised their price objective on shares of Carvana from $240.00 to $245.00 and gave the company an “in-line” rating in a research report on Tuesday, December 3rd. Stephens initiated coverage on shares of Carvana in a report on Thursday, September 12th. They issued an “overweight” rating and a $190.00 target price for the company. Finally, Jefferies Financial Group raised their price target on Carvana from $150.00 to $185.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd.

Carvana Stock Performance

CVNA opened at $253.84 on Wednesday. Carvana has a 12-month low of $40.21 and a 12-month high of $268.34. The company has a market cap of $52.70 billion, a price-to-earnings ratio of 25,384.00 and a beta of 3.32. The company has a current ratio of 3.25, a quick ratio of 2.12 and a debt-to-equity ratio of 18.99. The company’s 50 day moving average is $231.41 and its 200 day moving average is $171.52.

Carvana (NYSE:CVNA) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.41. The business had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the previous year, the firm earned $0.23 EPS. The company’s revenue was up 31.8% on a year-over-year basis. On average, equities research analysts predict that Carvana will post 0.76 EPS for the current year.

Insider Activity

In other news, insider Daniel J. Gill sold 44,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $259.47, for a total transaction of $11,416,680.00. Following the sale, the insider now directly owns 191,225 shares in the company, valued at approximately $49,617,150.75. This represents a 18.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ryan S. Keeton sold 24,845 shares of Carvana stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $247.90, for a total value of $6,159,075.50. Following the completion of the transaction, the insider now owns 151,029 shares of the company’s stock, valued at approximately $37,440,089.10. This represents a 14.13 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,971,908 shares of company stock worth $379,874,785. 17.12% of the stock is currently owned by insiders.

Institutional Trading of Carvana

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Forum Financial Management LP increased its position in Carvana by 3.8% during the third quarter. Forum Financial Management LP now owns 2,071 shares of the company’s stock valued at $361,000 after acquiring an additional 76 shares during the last quarter. Empirical Asset Management LLC lifted its holdings in shares of Carvana by 2.0% in the 3rd quarter. Empirical Asset Management LLC now owns 5,109 shares of the company’s stock worth $890,000 after acquiring an additional 100 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of Carvana by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 3,366 shares of the company’s stock worth $586,000 after purchasing an additional 115 shares during the period. MML Investors Services LLC grew its holdings in Carvana by 3.0% during the 3rd quarter. MML Investors Services LLC now owns 4,172 shares of the company’s stock valued at $726,000 after purchasing an additional 122 shares during the last quarter. Finally, Bleakley Financial Group LLC raised its position in Carvana by 6.0% in the 3rd quarter. Bleakley Financial Group LLC now owns 2,308 shares of the company’s stock worth $402,000 after purchasing an additional 130 shares during the period. Hedge funds and other institutional investors 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.