Several brokerages have updated their recommendations and price targets on shares of Carvana (NYSE: CVNA) in the last few weeks:

  • 5/13/2019 – Carvana had its price target raised by analysts at BMO Capital Markets to $65.00. They now have a “market perform” rating on the stock.
  • 5/9/2019 – Carvana had its price target raised by analysts at Citigroup Inc from $80.00 to $90.00. They now have a “positive” rating on the stock.
  • 5/9/2019 – Carvana had its price target raised by analysts at Robert W. Baird from $65.00 to $85.00. They now have an “outperform” rating on the stock.
  • 5/9/2019 – Carvana had its price target raised by analysts at Wedbush from $65.00 to $70.00. They now have a “neutral” rating on the stock.
  • 5/6/2019 – Carvana had its price target raised by analysts at Wells Fargo & Co from $57.00 to $80.00. They now have an “outperform” rating on the stock.
  • 4/30/2019 – Carvana had its price target raised by analysts at Wedbush from $52.00 to $65.00. They now have a “neutral” rating on the stock.
  • 4/29/2019 – Carvana had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $91.00 price target on the stock, up previously from $72.00.
  • 4/3/2019 – Carvana was downgraded by analysts at Barrington Research from an “outperform” rating to a “market perform” rating.
  • 3/25/2019 – Carvana had its price target raised by analysts at Robert W. Baird from $58.00 to $65.00. They now have an “outperform” rating on the stock.
  • 3/18/2019 – Carvana was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Carvana Co. provide eCommerce platform for buying used cars. Carvana Co. is headquartered in Phoenix, Arizona. “

Shares of Carvana stock traded down $0.20 during trading on Wednesday, reaching $65.48. 1,077,584 shares of the company were exchanged, compared to its average volume of 1,820,839. The company has a quick ratio of 0.76, a current ratio of 1.39 and a debt-to-equity ratio of 2.73. Carvana Co has a twelve month low of $24.36 and a twelve month high of $76.85. The stock has a market cap of $9.06 billion, a PE ratio of -37.85 and a beta of 2.43.

Carvana (NYSE:CVNA) last announced its quarterly earnings data on Wednesday, May 8th. The company reported ($0.53) EPS for the quarter, missing analysts’ consensus estimates of ($0.50) by ($0.03). Carvana had a negative return on equity of 30.85% and a negative net margin of 3.54%. The company had revenue of $755.23 million for the quarter, compared to analyst estimates of $696.61 million. Analysts expect that Carvana Co will post -1.77 EPS for the current fiscal year.

In related news, COO Benjamin E. Huston sold 86,537 shares of Carvana stock in a transaction on Friday, May 10th. The stock was sold at an average price of $68.48, for a total transaction of $5,926,053.76. Following the completion of the sale, the chief operating officer now directly owns 98,809 shares of the company’s stock, valued at $6,766,440.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Ernest C. Garcia II sold 52,076 shares of Carvana stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $63.77, for a total value of $3,320,886.52. Following the sale, the insider now directly owns 52,937,458 shares of the company’s stock, valued at $3,375,821,696.66. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,058,101 shares of company stock valued at $173,285,205. 13.02% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in the stock. Fifth Third Bancorp acquired a new position in Carvana in the first quarter valued at about $29,000. Valeo Financial Advisors LLC grew its stake in Carvana by 100.0% in the first quarter. Valeo Financial Advisors LLC now owns 1,000 shares of the company’s stock valued at $58,000 after acquiring an additional 500 shares during the period. First Mercantile Trust Co. grew its stake in Carvana by 34.1% in the fourth quarter. First Mercantile Trust Co. now owns 3,061 shares of the company’s stock valued at $100,000 after acquiring an additional 779 shares during the period. CX Institutional acquired a new position in Carvana in the fourth quarter valued at about $106,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in Carvana in the fourth quarter valued at about $131,000. 34.21% of the stock is owned by institutional investors and hedge funds.

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 proprietary 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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