Carvana Co (CVNA) Receives $20.10 Consensus Price Target from Analysts
Carvana Co (NASDAQ:CVNA) has received an average recommendation of “Buy” from the twelve ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $20.10.
Several equities analysts recently issued reports on the company. Robert W. Baird reissued an “outperform” rating and set a $22.00 target price on shares of Carvana in a research note 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 note on Friday, August 11th. Wells Fargo & Company reissued an “outperform” rating and set a $19.00 target price on shares of Carvana in a research note on Tuesday, June 13th. Wedbush assumed coverage on Carvana in a research note on Monday, July 17th. They set a “neutral” rating and a $25.00 target price on the stock. Finally, B. Riley assumed coverage on Carvana in a research note on Friday, September 22nd. They set a “sell” rating and a $12.00 target price on the stock.
Hedge funds have recently bought and sold shares of the business. Nationwide Fund Advisors acquired a new stake in Carvana in the 2nd quarter valued at about $177,000. ClariVest Asset Management LLC acquired a new stake in Carvana in the 2nd quarter valued at about $190,000. Nordea Investment Management AB acquired a new stake in Carvana in the 2nd quarter valued at about $190,000. Cubist Systematic Strategies LLC acquired a new stake in Carvana in the 2nd quarter valued at about $258,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Carvana in the 2nd quarter valued at about $264,000.
Carvana (CVNA) traded down 1.48% during mid-day trading on Wednesday, hitting $14.68. The company had a trading volume of 794,784 shares. The company has a 50-day moving average price of $16.96 and a 200 day moving average price of $16.22. The company’s market capitalization is $227.80 million. Carvana has a 52-week low of $8.14 and a 52-week high of $23.70.
Carvana (NASDAQ:CVNA) last posted its earnings results on Tuesday, August 8th. The company reported ($0.28) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.30) by $0.02. The firm had revenue of $209.37 million for the quarter, compared to analyst estimates of $198.84 million. Carvana’s revenue for the quarter was up 142.0% on a year-over-year basis. On average, analysts forecast that Carvana will post ($1.13) EPS for the current fiscal year.
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.
Receive News & Ratings for Carvana Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carvana Co and related companies with Analyst Ratings Network's FREE daily email newsletter.