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

by · The Cerbat Gem

Carvana Co. (NYSE:CVNA – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the twenty-five analysts that are presently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and nineteen have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $465.6364.

Several research analysts have recently commented on CVNA shares. Gordon Haskett decreased their target price on Carvana from $445.00 to $435.00 and set a “hold” rating for the company in a research report on Monday, January 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carvana in a report on Monday, December 29th. Wall Street Zen cut shares of Carvana from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. Evercore ISI raised their price target on shares of Carvana from $420.00 to $425.00 and gave the stock an “in-line” rating in a research report on Tuesday, December 23rd. Finally, Argus initiated coverage on shares of Carvana in a report on Monday, December 15th. They issued a “buy” rating and a $500.00 price target for the company.

View Our Latest Report on Carvana

Insider Buying and Selling

In related news, insider Ryan S. Keeton sold 32,370 shares of the company’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $301.68, for a total transaction of $9,765,381.60. Following the completion of the transaction, the insider directly owned 115,456 shares in the company, valued at $34,830,766.08. This represents a 21.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Benjamin E. Huston sold 40,000 shares of the stock in a transaction on Monday, December 8th. The stock was sold at an average price of $439.50, for a total value of $17,580,000.00. Following the completion of the sale, the chief operating officer directly owned 100,758 shares in the company, valued at $44,283,141. This represents a 28.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 467,626 shares of company stock valued at $192,090,109 over the last 90 days. 16.36% of the stock is owned by corporate insiders.

Institutional Trading of Carvana

Large investors have recently modified their holdings of the company. SJS Investment Consulting Inc. boosted its stake in Carvana by 28.3% during the 3rd quarter. SJS Investment Consulting Inc. now owns 136 shares of the company’s stock valued at $51,000 after purchasing an additional 30 shares during the period. Warren Street Wealth Advisors LLC raised its holdings in shares of Carvana by 2.8% during the second quarter. Warren Street Wealth Advisors LLC now owns 1,153 shares of the company’s stock valued at $388,000 after buying an additional 31 shares during the last quarter. MAI Capital Management boosted its position in shares of Carvana by 1.8% during the second quarter. MAI Capital Management now owns 1,757 shares of the company’s stock worth $592,000 after buying an additional 31 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in Carvana by 23.1% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 165 shares of the company’s stock worth $62,000 after buying an additional 31 shares in the last quarter. Finally, Gilder Gagnon Howe & Co. LLC increased its position in Carvana by 1.7% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 1,846 shares of the company’s stock valued at $622,000 after acquiring an additional 31 shares during the period. Institutional investors and hedge funds own 56.71% of the company’s stock.

Carvana Price Performance

CVNA opened at $443.34 on Thursday. The company has a market capitalization of $96.44 billion, a P/E ratio of 101.22, a PEG ratio of 1.06 and a beta of 3.54. The company has a 50-day moving average of $408.95 and a 200-day moving average of $373.08. The company has a debt-to-equity ratio of 1.63, a quick ratio of 2.55 and a current ratio of 4.05. Carvana has a 1-year low of $148.25 and a 1-year high of $485.33.

Carvana (NYSE:CVNA – Get Free Report) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.26). The company had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.04 billion. Carvana had a return on equity of 30.62% and a net margin of 3.44%.The business’s revenue for the quarter was up 54.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.64 EPS. Equities analysts expect that Carvana will post 2.85 EPS for the current fiscal year.

Carvana Company Profile

(Get Free Report)

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.

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