Carvana Co. (NYSE:CVNA) Given Average Recommendation of “Moderate Buy” by Analysts

Carvana Co. (NYSE:CVNA) has been given a consensus recommendation of “Moderate Buy” by the twenty-five ratings firms that are presently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $446.3182.

Several analysts have commented on the stock. Royal Bank Of Canada reiterated an “outperform” rating and issued a $460.00 price target on shares of Carvana in a research note on Thursday, October 30th. DA Davidson set a $360.00 target price on Carvana in a report on Thursday, October 30th. BTIG Research reissued a “buy” rating and set a $450.00 price target on shares of Carvana in a research note on Friday, December 19th. UBS Group started coverage on Carvana in a report on Monday, December 1st. They set a “buy” rating and a $450.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Carvana in a report on Friday, November 21st. They set a “buy” rating and a $395.00 price objective on the stock.

Insider Activity at Carvana

In other news, COO Benjamin E. Huston sold 20,000 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $475.00, for a total value of $9,500,000.00. Following the sale, the chief operating officer directly owned 100,758 shares in the company, valued at $47,860,050. The trade was a 16.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Paul W. Breaux sold 1,527 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $475.00, for a total transaction of $725,325.00. Following the sale, the insider owned 69,289 shares in the company, valued at $32,912,275. This represents a 2.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 544,332 shares of company stock valued at $221,258,662 over the last quarter. 17.12% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Carvana

Large investors have recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC grew its holdings in Carvana by 1,950.7% in the second quarter. Los Angeles Capital Management LLC now owns 111,190 shares of the company’s stock worth $37,467,000 after purchasing an additional 105,768 shares during the last quarter. Hudson Bay Capital Management LP boosted its position in shares of Carvana by 158.0% in the 2nd quarter. Hudson Bay Capital Management LP now owns 16,478 shares of the company’s stock worth $5,552,000 after purchasing an additional 10,090 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Carvana during the 2nd quarter worth $183,102,000. Cresset Asset Management LLC increased its position in Carvana by 32.2% during the 1st quarter. Cresset Asset Management LLC now owns 3,347 shares of the company’s stock valued at $700,000 after buying an additional 816 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Carvana by 5.4% in the first quarter. Northern Trust Corp now owns 685,864 shares of the company’s stock valued at $143,400,000 after buying an additional 35,168 shares during the last quarter. 56.71% of the stock is owned by institutional investors.

Carvana Trading Down 0.7%

CVNA stock opened at $438.45 on Friday. The company has a debt-to-equity ratio of 1.63, a current ratio of 4.05 and a quick ratio of 2.55. Carvana has a 1-year low of $148.25 and a 1-year high of $485.33. The business has a 50 day simple moving average of $372.83 and a two-hundred day simple moving average of $358.97. The company has a market capitalization of $95.38 billion, a price-to-earnings ratio of 100.10, a PEG ratio of 1.43 and a beta of 3.51.

Carvana (NYSE:CVNA) last released its earnings results on Wednesday, October 29th. The company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.26). Carvana had a return on equity of 30.62% and a net margin of 3.44%.The company had revenue of $5.65 billion during the quarter, compared to analysts’ expectations of $5.04 billion. During the same period last year, the firm posted $0.64 EPS. Carvana’s quarterly revenue was up 54.5% compared to the same quarter last year. Research analysts anticipate that Carvana will post 2.85 EPS for the current fiscal year.

Carvana Company Profile

Carvana Co is an online-only retailer of used vehicles that operates a consumer-facing e-commerce platform for buying and selling cars. The company markets and sells inspected, reconditioned pre-owned vehicles through its website, where shoppers can browse inventory, view detailed 360-degree photos and vehicle history reports, finance purchases, and arrange delivery or pickup. Carvana’s model is built around a digital end-to-end car buying experience that aims to simplify vehicle transactions compared with traditional dealerships.

Its products and services include direct retail sales of used cars, trade-in and purchase offers for consumer vehicles, vehicle financing and related protection products, and a seven-day return policy that allows customers to test a vehicle in everyday use.