Carvana Co. (NYSE:CVNA) Stock Rated “Moderate Buy” by Wall Street Analysts

Shares of Carvana Co. (NYSE:CVNA) have received a consensus recommendation of “Moderate Buy” from the twenty-five analysts that are covering the firm, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation, sixteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $82.09.

A number of equities research analysts recently commented on CVNA shares. Weiss Ratings lowered Carvana from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, September 22nd. Citizens Jmp lifted their price target on Carvana from $83.00 to $85.00 and gave the company a “market outperform” rating in a research note on Friday, October 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $85.00 price objective on shares of Carvana in a research report on Thursday, October 29th. BTIG Research set a $82.00 target price on Carvana and gave the company a “buy” rating in a report on Thursday, October 29th. Finally, Oppenheimer set a $90.00 target price on shares of Carvana and gave the company an “outperform” rating in a research report on Wednesday, September 30th.

Carvana Trading Down 4.2%

Shares of NYSE:CVNA opened at $73.02 on Wednesday. The company has a market capitalization of $80.56 billion, a PE ratio of 36.66, a P/E/G ratio of 1.96 and a beta of 3.66. The company has a current ratio of 4.05, a quick ratio of 2.43 and a debt-to-equity ratio of 0.86. Carvana has a 12-month low of $54.46 and a 12-month high of $97.38. The business’s fifty day simple moving average is $65.84 and its 200-day simple moving average is $68.81.

Carvana (NYSE:CVNA) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.05). The firm had revenue of $8.04 billion for the quarter, compared to the consensus estimate of $7.71 billion. Carvana had a return on equity of 34.77% and a net margin of 6.21%. The company’s revenue was up 42.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.03 EPS. As a group, equities research analysts predict that Carvana will post 1.59 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director J Quayle sold 14,520 shares of the business’s stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $68.88, for a total transaction of $1,000,137.60. Following the transaction, the director owned 214,960 shares of the company’s stock, valued at approximately $14,806,444.80. The trade was a 6.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Daniel J. Gill sold 253,639 shares of the company’s stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $71.46, for a total transaction of $18,125,042.94. Following the completion of the sale, the insider directly owned 773,548 shares of the company’s stock, valued at $55,277,740.08. This represents a 24.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 635,960 shares of company stock worth $44,962,096 over the last quarter. Corporate insiders own 15.19% of the company’s stock.

Hedge Funds Weigh In On Carvana

Institutional investors have recently bought and sold shares of the company. Saudi Central Bank raised its position in shares of Carvana by 806.1% during the 2nd quarter. Saudi Central Bank now owns 45,043 shares of the company’s stock valued at $2,965,000 after buying an additional 40,072 shares during the period. WINTON GROUP Ltd acquired a new position in Carvana in the second quarter valued at approximately $23,046,000. Fund 1 Investments LLC acquired a new position in Carvana in the second quarter valued at approximately $3,126,000. Parkwood LLC grew its position in Carvana by 3,147.7% in the second quarter. Parkwood LLC now owns 139,000 shares of the company’s stock worth $9,149,000 after acquiring an additional 134,720 shares during the period. Finally, Swiss National Bank grew its position in Carvana by 9.9% in the first quarter. Swiss National Bank now owns 395,180 shares of the company’s stock worth $124,237,000 after acquiring an additional 35,720 shares during the period. 56.71% of the stock is owned by hedge funds and other institutional investors.

Carvana Company Profile

Carvana Co. operates an online platform for buying and selling used cars. Customers can browse vehicle listings, arrange financing, value a trade-in, and complete much of the purchase process online. The company also offers vehicle delivery or pickup, including at some locations with its distinctive car vending machines. Founded in 2012, Carvana has expanded its operations across the United States. Its services and vehicle availability vary by market, and the company supports its online marketplace with inspection, reconditioning, and logistics operations.