Carvana Co. (NYSE:CVNA) Receives Average Recommendation of "Hold" from Analysts

Shares of Carvana Co. (NYSE:CVNA - Get Free Report) have been assigned a consensus rating of "Hold" from the nineteen analysts that are currently covering the company, MarketBeat.com reports. Eleven investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $217.71.

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Carvana from $230.00 to $300.00 and gave the company an "overweight" rating in a research note on Thursday, October 31st. Morgan Stanley raised shares of Carvana from an "underweight" rating to an "equal weight" rating and increased their price target for the stock from $110.00 to $260.00 in a research report on Tuesday, November 5th. Jefferies Financial Group raised their price target on shares of Carvana from $150.00 to $185.00 and gave the stock a "hold" rating in a research note on Tuesday, October 22nd. Wells Fargo & Company upped their price objective on Carvana from $175.00 to $250.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. Finally, JMP Securities raised their target price on Carvana from $200.00 to $320.00 and gave the stock a "market outperform" rating in a research report on Thursday, October 31st.

Insider Buying and Selling

In other news, CFO Mark W. Jenkins sold 20,000 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $241.78, for a total transaction of $4,835,600.00. Following the completion of the transaction, the chief financial officer now directly owns 170,732 shares in the company, valued at approximately $41,279,582.96. The trade was a 10.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Benjamin E. Huston sold 3,043 shares of the stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $240.00, for a total transaction of $730,320.00. Following the completion of the sale, the chief operating officer now owns 218,686 shares in the company, valued at $52,484,640. This represents a 1.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,627,249 shares of company stock worth $468,516,322 over the last three months. 17.12% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Carvana

Several large investors have recently bought and sold shares of CVNA. FMR LLC increased its holdings in shares of Carvana by 90.8% in the third quarter. FMR LLC now owns 12,361,790 shares of the company's stock worth $2,152,311,000 after acquiring an additional 5,882,656 shares in the last quarter. Vanguard Group Inc. increased its stake in Carvana by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 10,290,551 shares of the company's stock worth $904,642,000 after purchasing an additional 266,972 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Carvana by 39.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,459,065 shares of the company's stock worth $655,727,000 after buying an additional 2,112,463 shares during the period. Lingotto Investment Management LLP lifted its stake in Carvana by 1.4% in the second quarter. Lingotto Investment Management LLP now owns 3,776,747 shares of the company's stock valued at $486,143,000 after buying an additional 52,833 shares in the last quarter. Finally, State Street Corp boosted its holdings in shares of Carvana by 6.1% in the third quarter. State Street Corp now owns 1,877,511 shares of the company's stock valued at $326,893,000 after buying an additional 107,610 shares during the period. Institutional investors own 56.71% of the company's stock.

Carvana Stock Performance

CVNA stock traded up $0.56 during trading on Friday, reaching $241.00. 1,986,226 shares of the stock were exchanged, compared to its average volume of 4,723,820. Carvana has a twelve month low of $29.84 and a twelve month high of $259.39. The company has a current ratio of 3.25, a quick ratio of 2.12 and a debt-to-equity ratio of 18.99. The company has a market capitalization of $50.04 billion, a P/E ratio of 24,124.12 and a beta of 3.37. The stock has a 50 day simple moving average of $192.70 and a 200-day simple moving average of $149.72.

Carvana (NYSE:CVNA - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.41. The firm had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.47 billion. Carvana's revenue for the quarter was up 31.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.23 EPS. As a group, sell-side analysts anticipate that Carvana will post 0.62 earnings per share for the current year.

About Carvana

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.