Carvana (NYSE:CVNA) Receives "Market Outperform" Rating from JMP Securities

JMP Securities reiterated their market outperform rating on shares of Carvana (NYSE:CVNA - Free Report) in a report issued on Wednesday, Benzinga reports. They currently have a $80.00 price target on the stock.

Several other analysts have also recently commented on the company. Morgan Stanley lifted their price target on Carvana from $32.00 to $45.00 and gave the company an underweight rating in a report on Monday, February 26th. Wedbush boosted their target price on Carvana from $40.00 to $50.00 and gave the stock a neutral rating in a report on Tuesday, February 20th. Evercore ISI decreased their target price on Carvana from $78.00 to $77.00 and set an in-line rating for the company in a report on Tuesday. William Blair upgraded Carvana from a market perform rating to an outperform rating in a report on Friday, February 23rd. Finally, Jefferies Financial Group upgraded Carvana from an underperform rating to a hold rating and boosted their target price for the stock from $30.00 to $85.00 in a report on Tuesday, March 12th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Carvana presently has a consensus rating of Hold and a consensus target price of $50.53.

Carvana Trading Down 2.1 %

CVNA traded down $1.48 during midday trading on Wednesday, hitting $69.16. The company's stock had a trading volume of 3,542,171 shares, compared to its average volume of 6,216,592. The firm has a market cap of $13.96 billion, a P/E ratio of 128.08 and a beta of 3.32. The firm has a 50-day moving average price of $74.47 and a two-hundred day moving average price of $51.99. Carvana has a 52-week low of $6.70 and a 52-week high of $94.04.

Carvana (NYSE:CVNA - Get Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The company reported ($1.00) EPS for the quarter, missing the consensus estimate of ($0.95) by ($0.05). The business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.56 billion. Carvana's revenue for the quarter was down 14.6% compared to the same quarter last year. During the same period last year, the business earned ($0.97) EPS. On average, equities analysts expect that Carvana will post -3.4 EPS for the current year.

Insider Buying and Selling at Carvana

In related news, insider Paul W. Breaux sold 15,000 shares of the company's stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $69.00, for a total transaction of $1,035,000.00. Following the sale, the insider now directly owns 150,126 shares of the company's stock, valued at approximately $10,358,694. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Paul W. Breaux sold 15,000 shares of the business's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $69.00, for a total transaction of $1,035,000.00. Following the completion of the sale, the insider now owns 150,126 shares of the company's stock, valued at approximately $10,358,694. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Thomas Taira sold 4,197 shares of the business's stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $82.84, for a total transaction of $347,679.48. Following the sale, the insider now directly owns 164,827 shares of the company's stock, valued at approximately $13,654,268.68. The disclosure for this sale can be found here. Insiders have sold a total of 187,883 shares of company stock valued at $15,505,178 in the last three months. Corporate insiders own 17.18% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC boosted its stake in Carvana by 39.0% during the 4th quarter. Parallel Advisors LLC now owns 692 shares of the company's stock valued at $37,000 after purchasing an additional 194 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Carvana by 1.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 13,160 shares of the company's stock worth $697,000 after acquiring an additional 249 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of Carvana by 17.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,929 shares of the company's stock worth $230,000 after acquiring an additional 280 shares during the period. Diversified Trust Co lifted its stake in shares of Carvana by 6.0% in the 4th quarter. Diversified Trust Co now owns 5,659 shares of the company's stock worth $300,000 after acquiring an additional 319 shares during the period. Finally, Corient Private Wealth LLC lifted its stake in shares of Carvana by 5.6% in the 4th quarter. Corient Private Wealth LLC now owns 6,713 shares of the company's stock worth $355,000 after acquiring an additional 358 shares during the period. 56.71% of the stock is owned by institutional investors and hedge funds.

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.