Carvana Co. (NYSE:CVNA) Receives Consensus Rating of “Hold” from Analysts

Carvana Co. (NYSE:CVNA) has been assigned a consensus rating of “Hold” from the sixteen analysts that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $56.75.

Several equities analysts recently issued reports on the company. JMP Securities reissued a “market outperform” rating and issued a $80.00 target price on shares of Carvana in a research report on Wednesday, April 17th. William Blair upgraded Carvana from a “market perform” rating to an “outperform” rating in a research report on Friday, February 23rd. Evercore ISI reduced their price target on shares of Carvana from $78.00 to $77.00 and set an “in-line” rating for the company in a research report on Tuesday, April 16th. Raymond James upgraded shares of Carvana from an “underperform” rating to a “market perform” rating in a research note on Friday, February 23rd. Finally, Wedbush reiterated a “neutral” rating and issued a $80.00 price objective (up previously from $60.00) on shares of Carvana in a research note on Thursday, April 25th.

Insider Activity

In related news, insider Paul W. Breaux sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $89.00, for a total transaction of $1,780,000.00. Following the completion of the sale, the insider now directly owns 115,032 shares in the company, valued at $10,237,848. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Carvana news, Director Neha Parikh purchased 1,300 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were purchased at an average cost of $77.00 per share, for a total transaction of $100,100.00. Following the completion of the transaction, the director now owns 58,495 shares of the company’s stock, valued at approximately $4,504,115. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul W. Breaux sold 20,000 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $89.00, for a total transaction of $1,780,000.00. Following the completion of the sale, the insider now owns 115,032 shares of the company’s stock, valued at approximately $10,237,848. The disclosure for this sale can be found here. Insiders have sold a total of 187,883 shares of company stock worth $15,505,178 over the last quarter. 17.12% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Carvana

A number of large investors have recently made changes to their positions in CVNA. Parallel Advisors LLC boosted its stake in Carvana by 39.0% during the fourth quarter. Parallel Advisors LLC now owns 692 shares of the company’s stock worth $37,000 after buying an additional 194 shares during the last quarter. Diversified Trust Co boosted its position in shares of Carvana by 6.0% during the 4th quarter. Diversified Trust Co now owns 5,659 shares of the company’s stock valued at $300,000 after acquiring an additional 319 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of Carvana by 1.5% in the third quarter. Arizona State Retirement System now owns 25,698 shares of the company’s stock valued at $1,079,000 after purchasing an additional 377 shares during the period. Blue Trust Inc. purchased a new stake in shares of Carvana in the fourth quarter valued at about $29,000. Finally, New York State Common Retirement Fund increased its position in Carvana by 1.4% during the third quarter. New York State Common Retirement Fund now owns 40,263 shares of the company’s stock worth $1,690,000 after purchasing an additional 563 shares during the last quarter. 56.71% of the stock is currently owned by hedge funds and other institutional investors.

Carvana Stock Down 0.6 %

Shares of NYSE:CVNA opened at $83.83 on Tuesday. Carvana has a 52 week low of $6.70 and a 52 week high of $94.04. The firm has a 50 day moving average of $78.09 and a 200 day moving average of $54.27. The company has a market capitalization of $16.93 billion, a price-to-earnings ratio of 155.24 and a beta of 3.32.

Carvana (NYSE:CVNA) last announced its earnings results on Thursday, February 22nd. The company reported ($1.00) earnings per share for the quarter, missing the consensus estimate of ($0.95) by ($0.05). The business had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same period last year, the business posted ($0.97) EPS. The firm’s quarterly revenue was down 14.6% compared to the same quarter last year. On average, sell-side analysts expect that Carvana will post -3.32 EPS for the current year.

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.