Carvana’s (CVNA) Overweight Rating Reiterated at Stephens

Stephens reiterated their overweight rating on shares of Carvana (NYSE:CVNA) in a report released on Monday morning, Marketbeat reports. Stephens currently has a $300.00 target price on the stock.

A number of other brokerages also recently issued reports on CVNA. Wells Fargo & Company reduced their price target on shares of Carvana from $300.00 to $275.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Robert W. Baird boosted their target price on shares of Carvana from $200.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. JMP Securities restated a “market outperform” rating and issued a $320.00 target price on shares of Carvana in a report on Monday, December 16th. William Blair restated an “outperform” rating on shares of Carvana in a report on Thursday, February 20th. Finally, DA Davidson boosted their target price on shares of Carvana from $220.00 to $260.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $265.06.

Carvana Stock Performance

Shares of NYSE CVNA opened at $216.25 on Monday. The company has a debt-to-equity ratio of 3.82, a quick ratio of 2.12 and a current ratio of 3.64. The company has a market cap of $46.10 billion, a P/E ratio of 137.74 and a beta of 3.56. The firm’s fifty day moving average is $232.84 and its two-hundred day moving average is $212.80. Carvana has a 52-week low of $67.61 and a 52-week high of $292.84.

Carvana (NYSE:CVNA) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.27. The company had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.32 billion. Carvana had a net margin of 1.54% and a return on equity of 36.59%. As a group, analysts anticipate that Carvana will post 2.85 EPS for the current fiscal year.

Insider Buying and Selling at Carvana

In other Carvana news, Director Ira J. Platt sold 25,000 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $244.30, for a total value of $6,107,500.00. Following the completion of the sale, the director now directly owns 5,227 shares of the company’s stock, valued at $1,276,956.10. The trade was a 82.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Mark W. Jenkins sold 28,422 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $288.85, for a total transaction of $8,209,694.70. Following the completion of the sale, the chief financial officer now directly owns 219,962 shares of the company’s stock, valued at approximately $63,536,023.70. This trade represents a 11.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 119,629 shares of company stock valued at $30,866,419 in the last three months. Company insiders own 17.18% of the company’s stock.

Institutional Investors Weigh In On Carvana

Large investors have recently modified their holdings of the business. Quent Capital LLC bought a new stake in shares of Carvana in the 4th quarter valued at about $28,000. Global Retirement Partners LLC raised its holdings in shares of Carvana by 109.9% in the 4th quarter. Global Retirement Partners LLC now owns 149 shares of the company’s stock valued at $30,000 after purchasing an additional 78 shares in the last quarter. Rialto Wealth Management LLC bought a new stake in shares of Carvana in the 4th quarter valued at about $31,000. ORG Wealth Partners LLC bought a new stake in shares of Carvana in the 4th quarter valued at about $34,000. Finally, Versant Capital Management Inc bought a new stake in shares of Carvana in the 4th quarter valued at about $42,000. Institutional investors own 56.71% of the company’s stock.

Carvana Company Profile

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.