Carvana Co (NASDAQ:CVNA)‘s stock had its “outperform” rating restated by analysts at Robert W. Baird in a research note issued on Thursday. They presently have a $22.00 price target on the stock, down from their prior price target of $23.00. Robert W. Baird’s price target suggests a potential upside of 21.61% from the stock’s previous close.

Several other brokerages have also issued reports on CVNA. Craig Hallum upped 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. Citigroup Inc. initiated coverage on shares of Carvana in a research report on Tuesday, May 23rd. They issued a “buy” rating and a $17.00 target price for the company. BMO Capital Markets reiterated an “outperform” rating and issued a $25.00 target price (up from $15.00) on shares of Carvana in a research report on Monday, June 26th. William Blair initiated coverage on shares of Carvana in a research report on Tuesday, May 23rd. They issued an “outperform” rating for the company. Finally, JMP Securities initiated coverage on shares of Carvana in a research report on Tuesday, May 23rd. They issued an “outperform” rating and a $17.00 target price for the company. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Carvana presently has a consensus rating of “Buy” and an average price target of $20.80.

Carvana (CVNA) opened at 18.09 on Thursday. Carvana has a 52 week low of $8.14 and a 52 week high of $23.70. The stock has a 50 day moving average price of $20.32 and a 200-day moving average price of $16.07. The company’s market capitalization is $271.95 million.

Carvana (NASDAQ:CVNA) last announced its earnings results on Tuesday, August 8th. The company reported ($0.28) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.30) by $0.02. The company had revenue of $209.37 million during the quarter, compared to analysts’ expectations of $198.84 million. The company’s revenue was up 142.0% compared to the same quarter last year. On average, equities analysts predict that Carvana will post ($1.13) earnings per share for the current fiscal year.

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A number of hedge funds have recently bought and sold shares of the stock. ClariVest Asset Management LLC acquired a new stake in Carvana during the second quarter valued at about $190,000. Rhumbline Advisers acquired a new stake in Carvana during the second quarter valued at about $392,000. Schwab Charles Investment Management Inc. acquired a new stake in Carvana during the second quarter valued at about $508,000. Spark Investment Management LLC acquired a new stake in Carvana during the second quarter valued at about $2,274,000. Finally, Penserra Capital Management LLC acquired a new stake in Carvana during the second quarter valued at about $4,278,000.

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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