Carvana (NYSE:CVNA) Coverage Initiated by Analysts at Deutsche Bank Aktiengesellschaft

Research analysts at Deutsche Bank Aktiengesellschaft began coverage on shares of Carvana (NYSE:CVNA) in a research note issued to investors on Friday. The brokerage set a “buy” rating and a $395.00 price target on the stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 26.11% from the stock’s current price.

CVNA has been the topic of several other research reports. Barclays began coverage on Carvana in a research note on Tuesday, November 11th. They issued an “overweight” rating and a $390.00 price target on the stock. Stephens reaffirmed an “overweight” rating and issued a $440.00 target price on shares of Carvana in a research report on Tuesday, September 23rd. DA Davidson set a $360.00 target price on Carvana in a research note on Thursday, October 30th. Wells Fargo & Company raised their price target on shares of Carvana from $390.00 to $425.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Finally, Citigroup cut their price target on shares of Carvana from $490.00 to $445.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Sixteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $413.20.

Carvana Price Performance

CVNA opened at $313.23 on Friday. Carvana has a twelve month low of $148.25 and a twelve month high of $413.33. The firm has a market cap of $68.14 billion, a price-to-earnings ratio of 71.51, a PEG ratio of 1.19 and a beta of 3.50. The company has a current ratio of 4.05, a quick ratio of 2.55 and a debt-to-equity ratio of 1.63. The company has a fifty day simple moving average of $348.30 and a 200 day simple moving average of $338.96.

Carvana (NYSE:CVNA) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.26). The firm had revenue of $5.65 billion during the quarter, compared to analyst estimates of $5.04 billion. Carvana had a return on equity of 30.62% and a net margin of 3.44%.The business’s quarterly revenue was up 54.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.64 EPS. Equities research analysts expect that Carvana will post 2.85 EPS for the current fiscal year.

Insiders Place Their Bets

In other Carvana news, COO Benjamin E. Huston sold 10,000 shares of Carvana stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $324.57, for a total value of $3,245,700.00. Following the completion of the transaction, the chief operating officer owned 101,977 shares of the company’s stock, valued at $33,098,674.89. The trade was a 8.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Gregory B. Sullivan sold 2,500 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $340.00, for a total transaction of $850,000.00. Following the sale, the director owned 39,428 shares of the company’s stock, valued at approximately $13,405,520. The trade was a 5.96% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 386,452 shares of company stock worth $141,017,032. Corporate insiders own 17.12% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CVNA. SJS Investment Consulting Inc. raised its stake in Carvana by 28.3% during the third quarter. SJS Investment Consulting Inc. now owns 136 shares of the company’s stock worth $51,000 after acquiring an additional 30 shares during the period. Warren Street Wealth Advisors LLC grew its holdings in shares of Carvana by 2.8% during the second quarter. Warren Street Wealth Advisors LLC now owns 1,153 shares of the company’s stock valued at $388,000 after purchasing an additional 31 shares during the last quarter. MAI Capital Management raised its position in shares of Carvana by 1.8% during the 2nd quarter. MAI Capital Management now owns 1,757 shares of the company’s stock worth $592,000 after purchasing an additional 31 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Carvana by 23.1% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 165 shares of the company’s stock worth $62,000 after purchasing an additional 31 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC lifted its holdings in shares of Carvana by 1.7% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 1,846 shares of the company’s stock worth $622,000 after purchasing an additional 31 shares during the last quarter. 56.71% of the stock is owned by institutional investors and hedge funds.

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.