Carvana Co. (NYSE:CVNA) – Equities research analysts at Wedbush reduced their FY2019 EPS estimates for Carvana in a research note issued to investors on Monday. Wedbush analyst S. Basham now anticipates that the company will post earnings per share of $0.19 for the year, down from their previous estimate of $0.27. Wedbush has a “Neutral” rating and a $14.00 price target on the stock.

Several other analysts have also issued reports on CVNA. Robert W. Baird restated an “outperform” rating and set a $22.00 price target (down from $23.00) on shares of Carvana in a research report on Thursday, August 10th. Susquehanna Bancshares restated a “neutral” rating and set a $16.00 price target (up from $12.00) on shares of Carvana in a research report on Friday, August 11th. Wells Fargo & Company restated an “outperform” rating and set a $23.00 price target on shares of Carvana in a research report on Sunday, August 20th. B. Riley initiated coverage on shares of Carvana in a research report on Friday, September 22nd. They set a “sell” rating and a $12.00 price target for the company. Finally, Consumer Edge restated an “outperform” rating and set a $23.00 price target on shares of Carvana in a research report on Monday, October 2nd. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $19.88.

Carvana (NYSE:CVNA) traded down $0.78 during midday trading on Wednesday, reaching $21.24. 603,600 shares of the company’s stock traded hands, compared to its average volume of 751,544. The company has a quick ratio of 0.71, a current ratio of 1.50 and a debt-to-equity ratio of 0.07. Carvana has a twelve month low of $8.14 and a twelve month high of $23.70.

Carvana (NYSE:CVNA) last posted its quarterly earnings results 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. Carvana had a negative net margin of 11.81% and a negative return on equity of 153.67%. The business had revenue of $225.40 million during the quarter, compared to analyst estimates of $243.61 million.

Several large investors have recently modified their holdings of CVNA. Abrams Bison Investments LLC bought a new position in shares of Carvana during the second quarter valued at about $51,175,000. FMR LLC bought a new position in shares of Carvana during the second quarter valued at about $26,992,000. Sylebra HK Co Ltd raised its stake in shares of Carvana by 184.4% during the third quarter. Sylebra HK Co Ltd now owns 1,302,420 shares of the company’s stock valued at $19,120,000 after acquiring an additional 844,516 shares during the last quarter. Royal Bank of Canada bought a new position in shares of Carvana during the second quarter valued at about $15,354,000. Finally, Principal Financial Group Inc. bought a new position in shares of Carvana during the second quarter valued at about $14,998,000. 15.20% of the stock is owned by hedge funds and other institutional investors.

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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.

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