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

Shares of Carvana Co. (NYSE:CVNA) have been assigned a consensus rating of “Moderate Buy” from the twenty-five brokerages that are presently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, nineteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $440.5909.

Several analysts have recently issued reports on the stock. Wedbush decreased their target price on shares of Carvana from $500.00 to $425.00 and set an “outperform” rating on the stock in a research report on Thursday, February 19th. Weiss Ratings raised Carvana from a “hold (c)” rating to a “buy (b-)” rating in a research note on Thursday, February 19th. JPMorgan Chase & Co. decreased their price objective on Carvana from $510.00 to $490.00 and set an “overweight” rating on the stock in a research report on Thursday, February 19th. Stephens reiterated an “overweight” rating and issued a $519.00 target price on shares of Carvana in a report on Thursday, February 19th. Finally, Royal Bank Of Canada cut their target price on Carvana from $500.00 to $440.00 and set an “outperform” rating on the stock in a research report on Thursday, February 19th.

Carvana Stock Performance

NYSE CVNA opened at $331.31 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 4.31 and a quick ratio of 2.73. Carvana has a 1-year low of $148.25 and a 1-year high of $486.89. The business has a 50 day simple moving average of $401.84 and a two-hundred day simple moving average of $380.31. The stock has a market capitalization of $72.51 billion, a PE ratio of 41.21 and a beta of 3.60.

Carvana (NYSE:CVNA) last posted its earnings results on Wednesday, February 18th. The company reported $4.22 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $3.12. The firm had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.24 billion. Carvana had a return on equity of 50.96% and a net margin of 6.92%.The company’s quarterly revenue was up 58.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.56 EPS. On average, research analysts predict that Carvana will post 2.85 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, VP Stephen R. Palmer sold 1,000 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $393.04, for a total value of $393,040.00. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas Taira sold 1,047 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $398.54, for a total transaction of $417,271.38. Following the transaction, the insider owned 66,625 shares in the company, valued at $26,552,727.50. The trade was a 1.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 300,673 shares of company stock valued at $133,268,531. 17.12% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Carvana

Institutional investors and hedge funds have recently modified their holdings of the business. First Horizon Corp increased its stake in Carvana by 6.4% in the fourth quarter. First Horizon Corp now owns 418 shares of the company’s stock worth $176,000 after purchasing an additional 25 shares during the period. SJS Investment Consulting Inc. grew its holdings in shares of Carvana by 28.3% in the third quarter. SJS Investment Consulting Inc. now owns 136 shares of the company’s stock worth $51,000 after purchasing an additional 30 shares during the last quarter. MAI Capital Management increased its stake in Carvana by 1.8% in the 2nd 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 increased its stake 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 during the period. Finally, Finivi Inc. lifted its holdings in Carvana by 4.6% during the 4th quarter. Finivi Inc. now owns 698 shares of the company’s stock valued at $295,000 after buying an additional 31 shares in the last quarter. 56.71% of the stock is owned by institutional investors.

Carvana Company Profile

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.