Carvana Co. (NYSE:CVNA) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Carvana Co. (NYSE:CVNA) have earned a consensus rating of “Moderate Buy” from the nineteen brokerages that are presently covering the company, MarketBeat.com reports. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $244.88.

CVNA has been the subject of a number of analyst reports. Citigroup raised Carvana from a “neutral” rating to a “buy” rating and boosted their price target for the company from $195.00 to $277.00 in a research note on Wednesday, January 8th. Stephens reissued an “overweight” rating and set a $300.00 target price on shares of Carvana in a research note on Thursday, January 2nd. Royal Bank of Canada raised Carvana from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $270.00 to $280.00 in a research note on Tuesday, January 7th. Piper Sandler boosted their target price on Carvana from $151.00 to $225.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Finally, Jefferies Financial Group boosted their target price on Carvana from $150.00 to $185.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd.

Carvana Stock Down 0.6 %

CVNA stock opened at $256.08 on Thursday. The company has a market cap of $53.17 billion, a PE ratio of 25,633.83 and a beta of 3.37. The business has a 50-day simple moving average of $230.46 and a 200 day simple moving average of $196.87. Carvana has a 52 week low of $43.87 and a 52 week high of $268.34. The company has a quick ratio of 2.12, a current ratio of 3.25 and a debt-to-equity ratio of 18.99.

Insider Transactions at Carvana

In other news, CFO Mark W. Jenkins sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $255.07, for a total transaction of $2,550,700.00. Following the completion of the sale, the chief financial officer now owns 189,761 shares of the company’s stock, valued at $48,402,338.27. This trade represents a 5.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Daniel J. Gill sold 44,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $259.47, for a total transaction of $11,416,680.00. Following the sale, the insider now directly owns 191,225 shares of the company’s stock, valued at approximately $49,617,150.75. This trade represents a 18.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 123,845 shares of company stock valued at $30,742,656 in the last quarter. 17.18% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Carvana

Large investors have recently modified their holdings of the company. Quent Capital LLC bought a new position in shares of Carvana in the 4th quarter worth $28,000. Global Retirement Partners LLC lifted its stake in Carvana by 109.9% during the 4th quarter. Global Retirement Partners LLC now owns 149 shares of the company’s stock valued at $30,000 after acquiring an additional 78 shares in the last quarter. Sugarloaf Wealth Management LLC bought a new stake in shares of Carvana during the 3rd quarter worth $32,000. ORG Wealth Partners LLC bought a new stake in shares of Carvana during the 4th quarter worth $34,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Carvana during the 3rd quarter worth $40,000. 56.71% of the stock is currently owned by institutional investors.

About Carvana

Carvana Co, together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States. Its platform allows customers to research and identify a vehicle; inspect it using company's 360-degree vehicle imaging technology; obtain financing and warranty coverage; purchase the vehicle; and schedule delivery or pick-up from their desktop or mobile devices.