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MSFT   287.02 (-0.74%)
META   177.49 (-0.48%)
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AMZN   140.64 (-1.44%)
TSLA   859.89 (-2.62%)
NVDA   179.42 (-0.86%)
NIO   20.82 (+3.84%)
BABA   94.87 (+2.64%)
AMD   98.12 (-0.94%)
MU   62.32 (+1.50%)
T   18.04 (+0.17%)
CGC   3.15 (-4.26%)
GE   78.90 (+2.28%)
F   15.83 (+2.13%)
DIS   117.69 (+4.68%)
AMC   25.46 (+7.56%)
PYPL   99.11 (+0.20%)
PFE   48.29 (-3.32%)
NFLX   242.70 (-0.58%)
QQQ   324.08 (-0.57%)
AAPL   168.49 (-0.44%)
MSFT   287.02 (-0.74%)
META   177.49 (-0.48%)
GOOGL   118.84 (-0.72%)
AMZN   140.64 (-1.44%)
TSLA   859.89 (-2.62%)
NVDA   179.42 (-0.86%)
NIO   20.82 (+3.84%)
BABA   94.87 (+2.64%)
AMD   98.12 (-0.94%)
MU   62.32 (+1.50%)
T   18.04 (+0.17%)
CGC   3.15 (-4.26%)
GE   78.90 (+2.28%)
F   15.83 (+2.13%)
DIS   117.69 (+4.68%)
AMC   25.46 (+7.56%)
PYPL   99.11 (+0.20%)
PFE   48.29 (-3.32%)
NFLX   242.70 (-0.58%)
QQQ   324.08 (-0.57%)
AAPL   168.49 (-0.44%)
MSFT   287.02 (-0.74%)
META   177.49 (-0.48%)
GOOGL   118.84 (-0.72%)
AMZN   140.64 (-1.44%)
TSLA   859.89 (-2.62%)
NVDA   179.42 (-0.86%)
NIO   20.82 (+3.84%)
BABA   94.87 (+2.64%)
AMD   98.12 (-0.94%)
MU   62.32 (+1.50%)
T   18.04 (+0.17%)
CGC   3.15 (-4.26%)
GE   78.90 (+2.28%)
F   15.83 (+2.13%)
DIS   117.69 (+4.68%)
AMC   25.46 (+7.56%)
PYPL   99.11 (+0.20%)
PFE   48.29 (-3.32%)
NFLX   242.70 (-0.58%)

Deutsche Bank Aktiengesellschaft Trims Carvana (NYSE:CVNA) Target Price to $42.00

Carvana (NYSE:CVNA - Get Rating) had its price objective dropped by Deutsche Bank Aktiengesellschaft from $54.00 to $42.00 in a research note issued to investors on Monday, The Fly reports. Deutsche Bank Aktiengesellschaft's target price would indicate a potential downside of 8.38% from the company's previous close.

Several other equities research analysts have also commented on CVNA. Piper Sandler dropped their price objective on shares of Carvana from $130.00 to $98.00 and set a "neutral" rating on the stock in a research note on Thursday, April 21st. Wedbush decreased their price objective on shares of Carvana from $90.00 to $50.00 and set an "outperform" rating for the company in a report on Tuesday, July 5th. Evercore ISI cut their target price on shares of Carvana to $45.00 in a research report on Thursday, June 9th. Robert W. Baird cut their target price on shares of Carvana from $125.00 to $65.00 in a research report on Wednesday, May 11th. Finally, Jefferies Financial Group downgraded Carvana from a "buy" rating to a "hold" rating and lowered their price objective for the company from $150.00 to $40.00 in a research report on Friday, May 13th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, Carvana presently has a consensus rating of "Hold" and an average price target of $79.76.

Carvana Trading Down 2.4 %


Shares of CVNA traded down $1.14 during trading hours on Monday, reaching $45.84. 576,088 shares of the company traded hands, compared to its average volume of 8,618,199. The company's fifty day moving average price is $26.16 and its two-hundred day moving average price is $77.79. The company has a market capitalization of $7.93 billion, a price-to-earnings ratio of -6.90 and a beta of 2.69. The company has a quick ratio of 0.47, a current ratio of 1.36 and a debt-to-equity ratio of 63.19. Carvana has a 12 month low of $19.45 and a 12 month high of $376.83.

Carvana (NYSE:CVNA - Get Rating) last announced its earnings results on Thursday, August 4th. The company reported ($2.35) earnings per share for the quarter, missing analysts' consensus estimates of ($1.75) by ($0.60). The company had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.99 billion. Carvana had a negative net margin of 4.24% and a negative return on equity of 144.51%. The company's revenue for the quarter was up 16.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.26 EPS. Equities research analysts predict that Carvana will post -7.17 earnings per share for the current fiscal year.

Insider Activity at Carvana

In other news, insider Daniel J. Gill purchased 94,000 shares of the stock in a transaction that occurred on Wednesday, June 15th. The stock was purchased at an average price of $21.77 per share, for a total transaction of $2,046,380.00. Following the completion of the acquisition, the insider now owns 131,023 shares of the company's stock, valued at $2,852,370.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Ryan S. Keeton bought 20,000 shares of the stock in a transaction on Monday, June 6th. The stock was bought at an average price of $25.02 per share, for a total transaction of $500,400.00. Following the completion of the acquisition, the insider now directly owns 54,269 shares in the company, valued at $1,357,810.38. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel J. Gill bought 94,000 shares of the stock in a transaction on Wednesday, June 15th. The shares were bought at an average price of $21.77 per share, with a total value of $2,046,380.00. Following the acquisition, the insider now owns 131,023 shares of the company's stock, valued at $2,852,370.71. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 2,197,008 shares of company stock worth $47,538,049. Company insiders own 17.67% of the company's stock.

Institutional Trading of Carvana

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Baillie Gifford & Co. lifted its holdings in shares of Carvana by 15.0% during the 2nd quarter. Baillie Gifford & Co. now owns 10,901,629 shares of the company's stock valued at $246,159,000 after purchasing an additional 1,418,746 shares during the last quarter. Tiger Global Management LLC increased its position in shares of Carvana by 17.5% in the 1st quarter. Tiger Global Management LLC now owns 8,531,177 shares of the company's stock valued at $1,017,684,000 after acquiring an additional 1,268,272 shares during the period. Vanguard Group Inc. increased its position in shares of Carvana by 46.8% in the 1st quarter. Vanguard Group Inc. now owns 7,297,426 shares of the company's stock valued at $870,511,000 after acquiring an additional 2,325,545 shares during the period. Spruce House Investment Management LLC increased its position in shares of Carvana by 33.3% in the 1st quarter. Spruce House Investment Management LLC now owns 5,000,000 shares of the company's stock valued at $596,450,000 after acquiring an additional 1,250,000 shares during the period. Finally, D1 Capital Partners L.P. increased its position in shares of Carvana by 77.7% in the 4th quarter. D1 Capital Partners L.P. now owns 4,211,082 shares of the company's stock valued at $976,087,000 after acquiring an additional 1,841,141 shares during the period.

About Carvana

(Get Rating)

Carvana Co, together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States. The company's 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.

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Analyst Recommendations for Carvana (NYSE:CVNA)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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