Free Trial

Carvana Co. (NYSE:CVNA) Given Consensus Recommendation of "Moderate Buy" by Analysts

Carvana logo with Retail/Wholesale background

Carvana Co. (NYSE:CVNA - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the nineteen ratings firms that are currently covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $310.83.

CVNA has been the subject of a number of research analyst reports. JMP Securities set a $440.00 price target on Carvana and gave the stock a "market outperform" rating in a report on Wednesday, July 2nd. Bank of America boosted their target price on Carvana from $325.00 to $375.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Wedbush raised Carvana to a "hold" rating in a report on Thursday, May 8th. Needham & Company LLC reiterated a "buy" rating and set a $340.00 target price on shares of Carvana in a research report on Thursday, May 8th. Finally, Wells Fargo & Company upped their price objective on Carvana from $310.00 to $390.00 and gave the company an "overweight" rating in a research report on Friday, July 18th.

View Our Latest Report on Carvana

Insider Buying and Selling

In other Carvana news, CFO Mark W. Jenkins sold 51,380 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $326.03, for a total value of $16,751,421.40. Following the sale, the chief financial officer directly owned 162,079 shares in the company, valued at $52,842,616.37. This represents a 24.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Ernest C. Garcia II sold 100,000 shares of Carvana stock in a transaction on Friday, June 6th. The stock was sold at an average price of $346.99, for a total transaction of $34,699,000.00. Following the sale, the insider directly owned 37,092,317 shares of the company's stock, valued at $12,870,663,075.83. This represents a 0.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,121,515 shares of company stock valued at $702,869,548. Company insiders own 17.12% of the company's stock.

Institutional Investors Weigh In On Carvana

Hedge funds have recently bought and sold shares of the business. Aberdeen Group plc raised its holdings in shares of Carvana by 60.1% during the second quarter. Aberdeen Group plc now owns 5,810 shares of the company's stock valued at $1,958,000 after purchasing an additional 2,180 shares during the last quarter. Callan Family Office LLC bought a new stake in shares of Carvana in the second quarter worth about $730,000. US Bancorp DE boosted its stake in Carvana by 18.3% during the second quarter. US Bancorp DE now owns 6,419 shares of the company's stock valued at $2,163,000 after buying an additional 994 shares during the last quarter. Maryland State Retirement & Pension System grew its stake in shares of Carvana by 23.4% in the 2nd quarter. Maryland State Retirement & Pension System now owns 6,241 shares of the company's stock worth $2,103,000 after buying an additional 1,184 shares in the last quarter. Finally, Valmark Advisers Inc. purchased a new position in shares of Carvana in the 2nd quarter worth $1,783,000. Institutional investors own 56.71% of the company's stock.

Carvana Stock Down 4.8%

CVNA traded down $16.55 on Thursday, hitting $326.46. The company had a trading volume of 2,650,799 shares, compared to its average volume of 2,845,281. Carvana has a 12-month low of $118.50 and a 12-month high of $364.00. The company has a debt-to-equity ratio of 2.97, a quick ratio of 2.70 and a current ratio of 3.81. The stock has a market capitalization of $69.91 billion, a price-to-earnings ratio of 114.55, a P/E/G ratio of 1.33 and a beta of 3.59. The stock has a fifty day moving average price of $327.76 and a 200-day moving average price of $261.07.

Carvana (NYSE:CVNA - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.75 by $0.76. Carvana had a return on equity of 44.86% and a net margin of 2.68%. The company had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $3.94 billion. During the same period in the previous year, the company posted $0.23 earnings per share. Carvana's revenue for the quarter was up 38.3% on a year-over-year basis. Analysts predict that Carvana will post 2.85 EPS for the current fiscal year.

About Carvana

(Get Free Report

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.

Read More

Analyst Recommendations for Carvana (NYSE:CVNA)

Should You Invest $1,000 in Carvana Right Now?

Before you consider Carvana, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Carvana wasn't on the list.

While Carvana currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Energy Stocks to Buy and Hold Forever Cover

With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Joby vs. Archer: The $10 Billion eVTOL Battle
3 Small-Cap Biotech Stocks With Catalysts Too Big to Ignore
AI Stocks Are Printing Money — These 3 Are Just Getting Started

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines