Carvana Co. (NYSE:CVNA) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of Carvana Co. (NYSE:CVNA - Get Free Report) have received an average rating of "Moderate Buy" from the eighteen analysts that are presently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $263.88.

CVNA has been the topic of several analyst reports. Needham & Company LLC restated a "buy" rating and set a $340.00 price target on shares of Carvana in a research report on Friday, March 7th. DA Davidson raised their target price on Carvana from $220.00 to $260.00 and gave the company a "neutral" rating in a research report on Thursday, February 20th. JMP Securities reaffirmed a "market outperform" rating and issued a $320.00 price target on shares of Carvana in a report on Monday, December 16th. Morgan Stanley raised Carvana from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $260.00 to $280.00 in a report on Tuesday. Finally, Robert W. Baird upped their target price on Carvana from $200.00 to $250.00 and gave the stock a "neutral" rating in a research note on Thursday, February 20th.

Carvana Stock Performance

Shares of CVNA traded up $7.64 during mid-day trading on Friday, reaching $221.27. The company had a trading volume of 6,974,319 shares, compared to its average volume of 3,861,883. The stock has a market capitalization of $47.17 billion, a P/E ratio of 140.94 and a beta of 3.56. Carvana has a 52-week low of $67.61 and a 52-week high of $292.84. The stock has a 50 day moving average of $227.95 and a two-hundred day moving average of $215.96. The company has a quick ratio of 2.12, a current ratio of 3.64 and a debt-to-equity ratio of 3.82.

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Carvana (NYSE:CVNA - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.29 by $0.27. The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.32 billion. Carvana had a return on equity of 36.59% and a net margin of 1.54%. On average, analysts expect that Carvana will post 2.85 earnings per share for the current year.

Insider Buying and Selling at Carvana

In other news, CFO Mark W. Jenkins sold 28,422 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $288.85, for a total transaction of $8,209,694.70. Following the transaction, the chief financial officer now owns 219,962 shares of the company's stock, valued at approximately $63,536,023.70. The trade was a 11.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Benjamin E. Huston sold 50,000 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $178.49, for a total transaction of $8,924,500.00. Following the sale, the chief operating officer now owns 196,278 shares of the company's stock, valued at approximately $35,033,660.22. The trade was a 20.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 119,784 shares of company stock worth $27,524,344. Insiders own 17.12% of the company's stock.

Institutional Trading of Carvana

Several hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP lifted its holdings in Carvana by 4.1% in the fourth quarter. Wellington Management Group LLP now owns 36,215 shares of the company's stock valued at $7,365,000 after acquiring an additional 1,430 shares during the last quarter. California State Teachers Retirement System raised its position in Carvana by 81.5% in the fourth quarter. California State Teachers Retirement System now owns 181,249 shares of the company's stock valued at $36,859,000 after purchasing an additional 81,414 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Carvana by 16.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,513 shares of the company's stock valued at $511,000 after purchasing an additional 348 shares during the last quarter. Siemens Fonds Invest GmbH purchased a new position in shares of Carvana during the 4th quarter worth $839,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Carvana during the 4th quarter worth about $36,527,000. Hedge funds and other institutional investors own 56.71% of the company's stock.

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.