Carvana (NYSE:CVNA) PT Raised to $185.00

Carvana (NYSE:CVNA) had its price objective boosted by Jefferies Financial Group from $150.00 to $185.00 in a research note published on Tuesday morning, Benzinga reports. They currently have a hold rating on the stock.

A number of other research firms also recently commented on CVNA. Bank of America upped their price objective on shares of Carvana from $185.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Royal Bank of Canada raised shares of Carvana to a “sector perform” rating and increased their price target for the stock from $166.00 to $170.00 in a research note on Monday, August 19th. Evercore ISI restated an “in-line” rating and set a $178.00 price objective on shares of Carvana in a report on Thursday, September 26th. Morgan Stanley lifted their price objective on Carvana from $75.00 to $110.00 and gave the company an “underweight” rating in a research note on Thursday, August 1st. Finally, Robert W. Baird began coverage on shares of Carvana in a research report on Thursday, August 1st. They set a “neutral” rating and a $160.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $182.29.

Carvana Stock Up 1.4 %

CVNA stock opened at $200.19 on Tuesday. Carvana has a one year low of $25.09 and a one year high of $203.24. The stock has a market capitalization of $40.55 billion, a P/E ratio of 87.80 and a beta of 3.44. The company has a 50 day moving average price of $167.04 and a two-hundred day moving average price of $132.01. The company has a debt-to-equity ratio of 47.20, a quick ratio of 2.02 and a current ratio of 3.11.

Carvana (NYSE:CVNA) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.14 EPS for the quarter. The business had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.23 billion. As a group, sell-side analysts expect that Carvana will post 0.29 EPS for the current year.

Insider Activity

In related news, insider Daniel J. Gill sold 41,163 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $200.11, for a total value of $8,237,127.93. Following the sale, the insider now directly owns 283,287 shares of the company’s stock, valued at $56,688,561.57. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, major shareholder Ernest C. Garcia II sold 75,000 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $128.81, for a total transaction of $9,660,750.00. Following the transaction, the insider now directly owns 1,715,814 shares in the company, valued at $221,014,001.34. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Daniel J. Gill sold 41,163 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $200.11, for a total transaction of $8,237,127.93. Following the sale, the insider now owns 283,287 shares of the company’s stock, valued at approximately $56,688,561.57. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 2,840,077 shares of company stock worth $466,398,541. 17.12% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Carvana

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Carvana by 7.0% in the fourth quarter. Vanguard Group Inc. now owns 10,023,579 shares of the company’s stock valued at $530,648,000 after acquiring an additional 655,603 shares during the period. Driehaus Capital Management LLC raised its position in shares of Carvana by 124.9% during the 2nd quarter. Driehaus Capital Management LLC now owns 581,787 shares of the company’s stock worth $74,888,000 after purchasing an additional 323,153 shares during the period. Tidal Investments LLC bought a new stake in shares of Carvana in the 1st quarter worth approximately $1,783,000. Chicago Capital LLC acquired a new position in Carvana during the 3rd quarter valued at approximately $940,000. Finally, US Bancorp DE grew its stake in Carvana by 724.5% during the 1st quarter. US Bancorp DE now owns 5,549 shares of the company’s stock worth $488,000 after buying an additional 4,876 shares during the last quarter. 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.