Carvana Co. (NYSE:CVNA) Given Consensus Rating of “Hold” by Brokerages

Shares of Carvana Co. (NYSE:CVNA – Get Rating) have been assigned a consensus rating of “Hold” from the twenty-five analysts that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, sixteen have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $19.25.

A number of analysts have recently issued reports on the stock. Morgan Stanley assumed coverage on shares of Carvana in a research note on Monday. They set an “equal weight” rating for the company. Wedbush restated an “underperform” rating on shares of Carvana in a research note on Friday, February 24th. Piper Sandler cut their target price on shares of Carvana from $45.00 to $21.00 and set an “overweight” rating for the company in a research note on Thursday, February 16th. Robert W. Baird raised their target price on shares of Carvana from $7.00 to $10.00 in a research note on Friday, May 5th. Finally, JMP Securities restated a “market outperform” rating and set a $15.00 target price on shares of Carvana in a research note on Friday, March 3rd.

Carvana Trading Up 10.3 %

Shares of NYSE CVNA opened at $11.58 on Tuesday. Carvana has a 1-year low of $3.55 and a 1-year high of $58.05. The company has a market cap of $2.19 billion, a PE ratio of -0.82 and a beta of 2.83. The company has a current ratio of 1.77, a quick ratio of 1.05 and a debt-to-equity ratio of 17.69. The company has a 50-day moving average of $8.63 and a two-hundred day moving average of $8.32.

Carvana (NYSE:CVNA – Get Rating) last issued its quarterly earnings results on Thursday, May 4th. The company reported ($1.51) EPS for the quarter, topping the consensus estimate of ($1.87) by $0.36. The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.58 billion. Carvana had a negative net margin of 11.70% and a negative return on equity of 1,271.19%. Carvana’s revenue was down 25.5% on a year-over-year basis. During the same quarter in the previous year, the company earned ($2.89) EPS. As a group, equities analysts expect that Carvana will post -6.99 earnings per share for the current fiscal year.

Institutional Trading of Carvana

Hedge funds and other institutional investors have recently made changes to their positions in the business. 1832 Asset Management L.P. purchased a new position in Carvana during the first quarter valued at $59,000. Captrust Financial Advisors lifted its stake in shares of Carvana by 270.9% in the second quarter. Captrust Financial Advisors now owns 1,324 shares of the company’s stock worth $30,000 after buying an additional 967 shares in the last quarter. CWM LLC lifted its stake in shares of Carvana by 150.6% in the third quarter. CWM LLC now owns 1,531 shares of the company’s stock worth $31,000 after buying an additional 920 shares in the last quarter. US Bancorp DE lifted its stake in shares of Carvana by 248.0% in the first quarter. US Bancorp DE now owns 1,646 shares of the company’s stock worth $197,000 after buying an additional 1,173 shares in the last quarter. Finally, Beacon Pointe Advisors LLC purchased a new position in shares of Carvana in the first quarter worth about $209,000. Institutional investors and hedge funds own 63.62% of the company’s stock.

About Carvana

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Carvana Co is a holding company and an eCommerce platform, which engages in the buying and selling of used cars. The company was founded by Ernest Garcia, III, Benjamin Huston and Ryan Keeton in 2012 and is headquartered in Tempe, AZ.