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.

TRADEMARK VIOLATION NOTICE: This news story was published by Watch List News and is the sole property of of Watch List News. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The correct version of this news story can be read at https://www.watchlistnews.com/carvana-co-cvna-receives-20-10-consensus-price-target-from-analysts/1599606.html.

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.

About Carvana

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)

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.