Carvana (NYSE:CVNA) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Carvana (NYSE:CVNA - Free Report) had its price target upped by Robert W. Baird from $200.00 to $250.00 in a research note published on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.

CVNA has been the topic of a number of other reports. Stephens reaffirmed an "overweight" rating and set a $300.00 target price on shares of Carvana in a research report on Thursday, February 6th. Needham & Company LLC reaffirmed a "buy" rating and set a $330.00 target price on shares of Carvana in a research report on Tuesday, January 7th. JMP Securities reiterated a "market outperform" rating and set a $320.00 price target on shares of Carvana in a report on Monday, December 16th. Evercore ISI lifted their price target on Carvana from $240.00 to $245.00 and gave the company an "in-line" rating in a report on Tuesday, December 3rd. Finally, Morgan Stanley upgraded Carvana from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $110.00 to $260.00 in a report on Tuesday, November 5th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $265.06.

Carvana Price Performance

Shares of CVNA traded down $24.58 during midday trading on Thursday, reaching $223.14. The stock had a trading volume of 6,856,676 shares, compared to its average volume of 4,083,558. The firm's 50 day moving average price is $234.35 and its 200-day moving average price is $207.79. The company has a market capitalization of $46.33 billion, a P/E ratio of 142.13 and a beta of 3.37. The company has a debt-to-equity ratio of 18.99, a current ratio of 3.25 and a quick ratio of 2.12. Carvana has a 52 week low of $49.38 and a 52 week high of $292.84.

Carvana (NYSE:CVNA - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.27. The company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.32 billion. Carvana had a return on equity of 446.67% and a net margin of 1.54%. On average, analysts forecast that Carvana will post 2.85 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Paul W. Breaux sold 1,362 shares of the business's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $270.08, for a total transaction of $367,848.96. Following the completion of the transaction, the insider now owns 153,240 shares of the company's stock, valued at approximately $41,387,059.20. The trade was a 0.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel J. Gill sold 44,000 shares of the business's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $259.47, for a total value of $11,416,680.00. Following the transaction, the insider now directly owns 191,225 shares of the company's stock, valued at $49,617,150.75. This represents a 18.71 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 173,629 shares of company stock valued at $44,833,799. Insiders own 17.12% of the company's stock.

Hedge Funds Weigh In On Carvana

Several large investors have recently added to or reduced their stakes in CVNA. Quent Capital LLC acquired a new position in Carvana in the 4th quarter valued at approximately $28,000. Global Retirement Partners LLC grew its stake in shares of Carvana by 109.9% in the 4th quarter. Global Retirement Partners LLC now owns 149 shares of the company's stock valued at $30,000 after purchasing an additional 78 shares during the period. Rialto Wealth Management LLC bought a new stake in shares of Carvana in the 4th quarter valued at approximately $31,000. ORG Wealth Partners LLC bought a new stake in shares of Carvana in the 4th quarter valued at approximately $34,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Carvana in the 3rd quarter valued at approximately $40,000. Institutional investors and hedge funds 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.