Shares of Carvana Co (NYSE:CVNA) have been assigned a consensus rating of “Hold” from the seventeen research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $69.00.
Several equities analysts have recently commented on the company. Barrington Research lowered Carvana from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 3rd. Wells Fargo & Co increased their price objective on Carvana from $57.00 to $80.00 and gave the company an “outperform” rating in a research report on Monday, May 6th. Cowen assumed coverage on Carvana in a research report on Monday. They set an “outperform” rating and a $81.00 price objective on the stock. Wedbush increased their price objective on Carvana from $52.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday, April 30th. Finally, Robert W. Baird increased their price objective on Carvana from $58.00 to $65.00 and gave the company an “outperform” rating in a research report on Monday, March 25th.
Shares of NYSE CVNA opened at $65.11 on Monday. The stock has a market capitalization of $9.76 billion, a price-to-earnings ratio of -37.64 and a beta of 2.43. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.56 and a current ratio of 1.39. Carvana has a twelve month low of $24.36 and a twelve month high of $76.85.
Carvana (NYSE:CVNA) last announced its earnings results on Wednesday, May 8th. The company reported ($0.53) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.50) by ($0.03). The business had revenue of $755.23 million during the quarter, compared to the consensus estimate of $696.61 million. Carvana had a negative return on equity of 30.85% and a negative net margin of 3.54%. Research analysts forecast that Carvana will post -1.78 EPS for the current fiscal year.
In related news, major shareholder Ernest C. Garcia II sold 307,419 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $45.16, for a total transaction of $13,883,042.04. Following the completion of the sale, the insider now directly owns 52,937,458 shares in the company, valued at approximately $2,390,655,603.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Mark W. Jenkins sold 86,500 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $68.48, for a total value of $5,923,520.00. Following the sale, the chief financial officer now owns 98,772 shares of the company’s stock, valued at $6,763,906.56. The disclosure for this sale can be found here. Insiders have sold a total of 3,390,288 shares of company stock worth $195,554,111 over the last quarter. Corporate insiders own 13.02% of the company’s stock.
A number of hedge funds have recently modified their holdings of CVNA. FMR LLC boosted its holdings in Carvana by 749.8% during the 4th quarter. FMR LLC now owns 3,591,784 shares of the company’s stock valued at $117,487,000 after acquiring an additional 3,169,132 shares during the period. Requisite Energy Fund I LP purchased a new stake in Carvana during the 4th quarter valued at about $57,470,000. Hound Partners LLC purchased a new stake in Carvana during the 4th quarter valued at about $43,453,000. Whale Rock Capital Management LLC boosted its holdings in Carvana by 106.7% during the 1st quarter. Whale Rock Capital Management LLC now owns 2,028,224 shares of the company’s stock valued at $117,759,000 after acquiring an additional 1,046,806 shares during the period. Finally, Morgan Stanley boosted its holdings in Carvana by 87.5% during the 1st quarter. Morgan Stanley now owns 2,017,113 shares of the company’s stock valued at $117,113,000 after acquiring an additional 941,428 shares during the period. Institutional investors own 34.92% 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 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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