Carvana Co. (NYSE:CVNA) Given Consensus Recommendation of “Hold” by Analysts

Shares of Carvana Co. (NYSE:CVNA – Get Rating) have received a consensus recommendation of “Hold” from the twenty-five analysts that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, sixteen have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $19.25.

A number of analysts have weighed in on the company. Robert W. Baird upped their target price on Carvana from $7.00 to $10.00 in a report on Friday, May 5th. Evercore ISI upped their target price on Carvana from $9.00 to $10.00 in a report on Thursday, March 23rd. DA Davidson upped their target price on Carvana from $5.00 to $7.00 in a report on Tuesday, February 21st. Deutsche Bank Aktiengesellschaft upped their price target on Carvana from $10.00 to $11.00 in a research report on Monday, May 8th. Finally, Morgan Stanley assumed coverage on Carvana in a research report on Monday. They set an “equal weight” rating on the stock.

Carvana Trading Up 10.3 %

Carvana stock opened at $11.58 on Tuesday. Carvana has a 12-month low of $3.55 and a 12-month high of $58.05. The company has a current ratio of 1.77, a quick ratio of 1.05 and a debt-to-equity ratio of 17.69. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of -0.82 and a beta of 2.83. The firm has a 50 day moving average of $8.63 and a 200 day moving average of $8.32.

Carvana (NYSE:CVNA – Get Rating) last issued its quarterly earnings data on Thursday, May 4th. The company reported ($1.51) earnings per share for the quarter, topping the consensus estimate of ($1.87) by $0.36. Carvana had a negative return on equity of 1,271.19% and a negative net margin of 11.70%. The company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.58 billion. During the same period in the previous year, the firm posted ($2.89) earnings per share. The firm’s revenue for the quarter was down 25.5% on a year-over-year basis. As a group, research analysts predict that Carvana will post -6.99 earnings per share for the current year.

Institutional Trading of Carvana

A number of hedge funds have recently modified their holdings of the company. Signaturefd LLC lifted its position in Carvana by 39.6% in the 4th quarter. Signaturefd LLC now owns 5,332 shares of the company’s stock valued at $25,000 after acquiring an additional 1,512 shares in the last quarter. TFC Financial Management Inc. bought a new stake in Carvana in the 1st quarter valued at $29,000. Captrust Financial Advisors lifted its position in Carvana by 270.9% in the 2nd quarter. Captrust Financial Advisors now owns 1,324 shares of the company’s stock valued at $30,000 after acquiring an additional 967 shares in the last quarter. CWM LLC lifted its position in Carvana by 150.6% in the 3rd quarter. CWM LLC now owns 1,531 shares of the company’s stock valued at $31,000 after acquiring an additional 920 shares in the last quarter. Finally, Meeder Asset Management Inc. lifted its position in Carvana by 14,831.6% in the 4th quarter. Meeder Asset Management Inc. now owns 8,511 shares of the company’s stock valued at $40,000 after acquiring an additional 8,454 shares in the last quarter. 63.62% of the stock is currently owned by institutional investors and hedge funds.

About Carvana

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Carvana Co is a holding company and an eCommerce platform, which engages in the buying and selling of used cars. The company was founded by Ernest Garcia, III, Benjamin Huston and Ryan Keeton in 2012 and is headquartered in Tempe, AZ.