Analysts Set Carvana Co. (NYSE:CVNA) PT at $440.59

Shares of Carvana Co. (NYSE:CVNA) have earned an average recommendation of “Moderate Buy” from the twenty-five research firms that are covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $440.5909.

Several equities research analysts have recently commented on the stock. Weiss Ratings upgraded shares of Carvana from a “hold (c)” rating to a “buy (b-)” rating in a report on Thursday, February 19th. Bank of America cut their price objective on shares of Carvana from $460.00 to $400.00 and set a “buy” rating on the stock in a report on Thursday, February 19th. Wedbush reduced their price objective on shares of Carvana from $500.00 to $425.00 and set an “outperform” rating for the company in a research note on Thursday, February 19th. Citigroup lowered their target price on Carvana from $550.00 to $465.00 and set a “buy” rating for the company in a report on Thursday, February 19th. Finally, Barclays dropped their target price on Carvana from $530.00 to $450.00 and set an “overweight” rating on the stock in a research report on Friday, February 20th.

Insider Activity

In related news, CFO Mark W. Jenkins sold 12,750 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $410.19, for a total transaction of $5,229,922.50. Following the sale, the chief financial officer owned 202,817 shares of the company’s stock, valued at $83,193,505.23. This trade represents a 5.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Thomas Taira sold 1,047 shares of Carvana stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $398.54, for a total value of $417,271.38. Following the completion of the transaction, the insider owned 66,625 shares in the company, valued at $26,552,727.50. This trade represents a 1.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 132,621 shares of company stock worth $59,163,610 over the last ninety days. 16.36% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Carvana in the fourth quarter valued at approximately $29,000. Farmers & Merchants Investments Inc. acquired a new position in shares of Carvana during the fourth quarter worth $29,000. ORG Partners LLC lifted its holdings in shares of Carvana by 8,700.0% during the 3rd quarter. ORG Partners LLC now owns 88 shares of the company’s stock valued at $33,000 after purchasing an additional 87 shares during the last quarter. Motiv8 Investments LLC purchased a new stake in shares of Carvana during the 4th quarter valued at $33,000. Finally, Salomon & Ludwin LLC boosted its position in shares of Carvana by 112.5% in the 4th quarter. Salomon & Ludwin LLC now owns 85 shares of the company’s stock worth $37,000 after purchasing an additional 45 shares in the last quarter. Institutional investors own 56.71% of the company’s stock.

Carvana Price Performance

CVNA opened at $318.26 on Friday. The company has a market capitalization of $69.65 billion, a price-to-earnings ratio of 39.58 and a beta of 3.60. The company has a current ratio of 4.31, a quick ratio of 2.73 and a debt-to-equity ratio of 1.15. Carvana has a 12-month low of $148.25 and a 12-month high of $486.89. The business’s fifty day simple moving average is $395.11 and its 200-day simple moving average is $380.21.

Carvana (NYSE:CVNA) last released its quarterly earnings data on Wednesday, February 18th. The company reported $4.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $3.12. Carvana had a net margin of 6.92% and a return on equity of 50.96%. The company had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.24 billion. During the same period in the prior year, the firm earned $0.56 earnings per share. The firm’s revenue for the quarter was up 58.0% compared to the same quarter last year. On average, equities research analysts anticipate that Carvana will post 2.85 earnings per share for the current fiscal year.

About Carvana

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.