Brokerages Set Carvana Co. (NYSE:CVNA) Price Target at $253.59

Shares of Carvana Co. (NYSE:CVNA) have received an average recommendation of “Moderate Buy” from the eighteen analysts that are covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $253.59.

A number of brokerages recently weighed in on CVNA. Evercore ISI dropped their target price on shares of Carvana from $250.00 to $240.00 and set an “in-line” rating for the company in a research report on Tuesday, March 11th. Morgan Stanley raised Carvana from an “underweight” rating to an “overweight” rating in a research note on Monday, March 31st. Royal Bank of Canada upped their price objective on Carvana from $280.00 to $320.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Stephens reaffirmed an “overweight” rating and set a $300.00 price target on shares of Carvana in a research note on Monday, March 3rd. Finally, William Blair reissued an “outperform” rating on shares of Carvana in a research note on Thursday, February 20th.

Insider Activity at Carvana

In related news, insider Thomas Taira sold 27,593 shares of the company’s stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $225.03, for a total transaction of $6,209,252.79. Following the transaction, the insider now directly owns 179,673 shares of the company’s stock, valued at $40,431,815.19. This represents a 13.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Paul W. Breaux sold 1,362 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $270.08, for a total value of $367,848.96. Following the completion of the sale, the insider now directly owns 153,240 shares of the company’s stock, valued at approximately $41,387,059.20. This represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 330,810 shares of company stock valued at $69,243,820 over the last quarter. 17.12% of the stock is owned by corporate insiders.

Institutional Trading of Carvana

A number of institutional investors have recently bought and sold shares of the stock. Stifel Financial Corp grew its holdings in shares of Carvana by 65.3% during the third quarter. Stifel Financial Corp now owns 5,434 shares of the company’s stock valued at $946,000 after buying an additional 2,147 shares during the last quarter. National Bank of Canada FI increased its holdings in shares of Carvana by 47.7% in the third quarter. National Bank of Canada FI now owns 1,421 shares of the company’s stock valued at $247,000 after purchasing an additional 459 shares during the period. Orion Portfolio Solutions LLC acquired a new stake in shares of Carvana during the third quarter worth about $326,000. MML Investors Services LLC boosted its position in Carvana by 3.0% in the third quarter. MML Investors Services LLC now owns 4,172 shares of the company’s stock valued at $726,000 after buying an additional 122 shares during the last quarter. Finally, M&T Bank Corp purchased a new position in Carvana during the 3rd quarter worth approximately $1,185,000. 56.71% of the stock is currently owned by institutional investors and hedge funds.

Carvana Stock Down 7.4 %

Shares of CVNA stock opened at $195.76 on Tuesday. The company has a market capitalization of $41.73 billion, a price-to-earnings ratio of 124.69 and a beta of 3.61. The company has a debt-to-equity ratio of 3.82, a current ratio of 3.64 and a quick ratio of 2.12. The company’s fifty day moving average price is $209.33 and its 200-day moving average price is $221.92. Carvana has a one year low of $67.61 and a one year high of $292.84.

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

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.