Carvana Co. (NYSE:CVNA) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Carvana Co. (NYSE:CVNA) have received a consensus recommendation of “Moderate Buy” from the twenty-five research firms that are presently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $474.2727.

CVNA has been the subject of a number of analyst reports. Morgan Stanley reissued an “overweight” rating on shares of Carvana in a research report on Thursday, January 8th. Evercore boosted their price target on Carvana from $425.00 to $430.00 in a report on Tuesday, January 27th. Bank of America raised their price objective on Carvana from $455.00 to $515.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. UBS Group upped their target price on Carvana from $450.00 to $545.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Finally, Barclays raised their price target on Carvana from $465.00 to $530.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 21st.

Carvana Trading Up 5.2%

Shares of CVNA stock opened at $403.68 on Monday. The stock has a market cap of $87.82 billion, a P/E ratio of 92.16, a P/E/G ratio of 0.99 and a beta of 3.57. The company has a quick ratio of 2.55, a current ratio of 4.05 and a debt-to-equity ratio of 1.63. Carvana has a fifty-two week low of $148.25 and a fifty-two week high of $486.89. The business has a fifty day simple moving average of $436.46 and a 200-day simple moving average of $381.34.

Insider Buying and Selling at Carvana

In related news, COO Benjamin E. Huston sold 10,000 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $411.27, for a total value of $4,112,700.00. Following the transaction, the chief operating officer directly owned 98,652 shares of the company’s stock, valued at approximately $40,572,608.04. This trade represents a 9.20% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Stephen R. Palmer sold 1,000 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $393.04, for a total value of $393,040.00. Following the completion of the transaction, the vice president owned 37,192 shares in the company, valued at approximately $14,617,943.68. This trade represents a 2.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 421,804 shares of company stock worth $180,021,777. 17.12% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CVNA. EverSource Wealth Advisors LLC raised its position in shares of Carvana by 6.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 917 shares of the company’s stock valued at $387,000 after purchasing an additional 53 shares in the last quarter. Global Retirement Partners LLC increased its stake in shares of Carvana by 66.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,552 shares of the company’s stock worth $655,000 after buying an additional 622 shares during the last quarter. ABN Amro Investment Solutions raised its holdings in Carvana by 237.3% in the fourth quarter. ABN Amro Investment Solutions now owns 6,014 shares of the company’s stock valued at $2,538,000 after acquiring an additional 4,231 shares in the last quarter. IFP Advisors Inc boosted its stake in Carvana by 48.1% during the 4th quarter. IFP Advisors Inc now owns 422 shares of the company’s stock valued at $178,000 after acquiring an additional 137 shares during the last quarter. Finally, Windmill Hill Asset Management Ltd bought a new position in Carvana during the 4th quarter valued at $775,000. 56.71% of the stock is owned by institutional investors and hedge funds.

About Carvana

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.