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

Shares of Carvana Co. (NYSE:CVNA) have earned a consensus recommendation of “Moderate Buy” from the eighteen ratings firms that are covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $268.59.

Several research analysts have weighed in on the stock. Citigroup increased their price target on shares of Carvana from $280.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday. JMP Securities decreased their target price on Carvana from $340.00 to $275.00 and set a “market outperform” rating on the stock in a report on Wednesday, April 9th. Needham & Company LLC reissued a “buy” rating and set a $340.00 price target on shares of Carvana in a report on Thursday. William Blair restated an “outperform” rating on shares of Carvana in a research report on Thursday, February 20th. Finally, Evercore ISI lowered their target price on shares of Carvana from $250.00 to $240.00 and set an “in-line” rating for the company in a report on Tuesday, March 11th.

Insider Buying and Selling

In related news, insider Paul W. Breaux sold 1,362 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $270.08, for a total transaction of $367,848.96. Following the completion of the sale, the insider now directly owns 153,240 shares in the company, valued at $41,387,059.20. This represents a 0.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO Benjamin E. Huston sold 50,000 shares of Carvana stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $178.49, for a total value of $8,924,500.00. Following the completion of the transaction, the chief operating officer now owns 196,278 shares in the company, valued at $35,033,660.22. This trade represents a 20.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 348,560 shares of company stock valued at $73,806,520 over the last three months. 17.12% of the stock is owned by company insiders.

Institutional Trading of Carvana

A number of institutional investors have recently modified their holdings of CVNA. Vanguard Group Inc. raised its stake in shares of Carvana by 9.7% during the 1st quarter. Vanguard Group Inc. now owns 12,534,843 shares of the company’s stock worth $2,620,785,000 after acquiring an additional 1,109,476 shares in the last quarter. Norges Bank purchased a new position in Carvana in the fourth quarter worth $179,364,000. Castle Hook Partners LP acquired a new position in shares of Carvana during the fourth quarter worth $116,020,000. BNP Paribas Financial Markets lifted its holdings in shares of Carvana by 89.8% during the 4th quarter. BNP Paribas Financial Markets now owns 1,018,321 shares of the company’s stock valued at $207,086,000 after purchasing an additional 481,912 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Carvana in the 4th quarter worth $86,636,000. 56.71% of the stock is currently owned by institutional investors.

Carvana Stock Performance

Shares of CVNA opened at $268.27 on Friday. The firm has a market capitalization of $57.19 billion, a P/E ratio of 170.87 and a beta of 3.61. The company has a debt-to-equity ratio of 3.82, a current ratio of 3.64 and a quick ratio of 2.12. Carvana has a one year low of $97.55 and a one year high of $293.62. The business has a fifty day moving average of $209.94 and a 200 day moving average of $227.00.

Carvana (NYSE:CVNA) last released its quarterly earnings results on Wednesday, May 7th. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $0.75 by $0.76. The firm had revenue of $4.23 billion during the quarter, compared to analyst estimates of $3.94 billion. Carvana had a net margin of 1.54% and a return on equity of 36.59%. The business’s revenue for the quarter was up 38.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.23 EPS. As a group, sell-side analysts anticipate that Carvana will post 2.85 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.