Carvana Co (NASDAQ:CVNA) had its price objective reduced by BMO Capital Markets from $25.00 to $19.00 in a research note published on Wednesday. They currently have an outperform rating on the stock.

Several other research firms have also issued reports on CVNA. Wedbush began coverage on shares of Carvana in a research note on Tuesday, July 18th. They issued a fair value rating and a $23.02 price objective for the company. Craig Hallum boosted their target price on shares of Carvana from $16.00 to $24.00 and gave the stock a buy rating in a research report on Wednesday, August 9th. Robert W. Baird reissued an outperform rating and set a $22.00 target price on shares of Carvana in a research report on Thursday, September 7th. Susquehanna Bancshares Inc reissued a neutral rating and set a $16.00 target price (up previously from $12.00) on shares of Carvana in a research report on Friday, August 11th. Finally, B. Riley began coverage on shares of Carvana in a research report on Friday, September 22nd. They set a sell rating and a $12.00 target price for the company. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Carvana has an average rating of Buy and an average price target of $19.31.

Carvana (CVNA) traded up $0.33 during mid-day trading on Wednesday, hitting $14.19. 289,675 shares of the company traded hands, compared to its average volume of 520,965. Carvana has a 1-year low of $8.14 and a 1-year high of $23.70.

Carvana (NASDAQ:CVNA) last released its quarterly earnings data on Tuesday, November 7th. The company reported ($0.29) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.30) by $0.01. The business had revenue of $225.40 million during the quarter, compared to analyst estimates of $243.61 million.

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Several institutional investors and hedge funds have recently made changes to their positions in CVNA. Spark Investment Management LLC acquired a new position in shares of Carvana during the second quarter valued at about $2,274,000. Schwab Charles Investment Management Inc. acquired a new position in shares of Carvana during the second quarter valued at about $508,000. Rhumbline Advisers acquired a new position in shares of Carvana during the second quarter valued at about $392,000. ClariVest Asset Management LLC acquired a new position in shares of Carvana during the second quarter valued at about $190,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Carvana during the second quarter valued at about $10,604,000.

Carvana Company Profile

Carvana Co is an e-commerce platform for buying used cars. On the Company’s platform, consumers can research and identify a vehicle, inspect it using its proprietary 360-degree vehicle imaging technology, obtain financing and warranty coverage, purchase the vehicle and schedule delivery or pick-up, all from their desktop or mobile devices.

Analyst Recommendations for Carvana (NASDAQ:CVNA)

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