Carvana Co. (NYSE:CVNA) Receives $253.59 Consensus Price Target from Analysts

Carvana Co. (NYSE:CVNA) has earned an average rating of “Moderate Buy” from the eighteen research firms that are currently covering the firm, MarketBeat reports. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $253.59.

A number of equities analysts have recently commented on CVNA shares. Bank of America reduced their target price on shares of Carvana from $270.00 to $220.00 and set a “buy” rating on the stock in a research report on Friday, March 14th. William Blair restated an “outperform” rating on shares of Carvana in a research note on Thursday, February 20th. Needham & Company LLC reiterated a “buy” rating and set a $340.00 price target on shares of Carvana in a research report on Friday, March 7th. JMP Securities lowered their price target on Carvana from $340.00 to $275.00 and set a “market outperform” rating on the stock in a research note on Wednesday, April 9th. Finally, Wedbush set a $250.00 price objective on Carvana and gave the company a “neutral” rating in a report on Wednesday, February 19th.

Carvana Trading Up 0.8 %

Shares of CVNA opened at $211.03 on Tuesday. The firm’s 50-day moving average price is $211.96 and its 200-day moving average price is $220.95. The company has a current ratio of 3.64, a quick ratio of 2.12 and a debt-to-equity ratio of 3.82. The firm has a market capitalization of $44.99 billion, a price-to-earnings ratio of 134.42 and a beta of 3.61. Carvana has a 1-year low of $67.61 and a 1-year high of $292.84.

Carvana (NYSE:CVNA) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.27. The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.32 billion. Carvana had a net margin of 1.54% and a return on equity of 36.59%. Sell-side analysts anticipate that Carvana will post 2.85 EPS for the current year.

Insider Buying and Selling

In other news, CFO Mark W. Jenkins sold 10,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $250.12, for a total value of $2,501,200.00. Following the completion of the sale, the chief financial officer now owns 219,962 shares in the company, valued at $55,016,895.44. This represents a 4.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Paul W. Breaux sold 1,362 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $270.08, for a total value of $367,848.96. Following the transaction, the insider now directly owns 153,240 shares in the company, valued at $41,387,059.20. The trade was a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 330,810 shares of company stock valued at $69,243,820. 17.12% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CVNA. Quent Capital LLC purchased a new position in shares of Carvana during the 4th quarter valued at $28,000. Global Retirement Partners LLC increased its position in Carvana by 109.9% in the 4th quarter. Global Retirement Partners LLC now owns 149 shares of the company’s stock worth $30,000 after purchasing an additional 78 shares during the last quarter. Rialto Wealth Management LLC purchased a new stake in shares of Carvana during the 4th quarter worth about $31,000. ORG Wealth Partners LLC bought a new stake in shares of Carvana in the 4th quarter valued at approximately $34,000. Finally, Versant Capital Management Inc acquired a new position in Carvana in the fourth quarter worth approximately $42,000. 56.71% of the stock is owned by hedge funds and other institutional investors.

About Carvana

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.