Carvana Co (NYSE:CVNA) Receives Average Rating of “Hold” from Brokerages

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Shares of Carvana Co (NYSE:CVNA) have earned an average rating of “Hold” from the twenty ratings firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and ten have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $87.29.

A number of research analysts have commented on the company. Evercore ISI assumed coverage on Carvana in a report on Thursday, February 6th. They set an “in-line” rating on the stock. Wells Fargo & Co reaffirmed a “buy” rating and set a $110.00 target price on shares of Carvana in a report on Wednesday, February 12th. Benchmark assumed coverage on Carvana in a report on Thursday, January 9th. They set a “hold” rating on the stock. Citigroup increased their target price on Carvana from $95.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $87.00 target price on shares of Carvana in a report on Monday, February 3rd.

Several institutional investors have recently made changes to their positions in CVNA. Valeo Financial Advisors LLC increased its position in Carvana by 30.0% in the 4th quarter. Valeo Financial Advisors LLC now owns 650 shares of the company’s stock valued at $60,000 after acquiring an additional 150 shares during the period. Sei Investments Co. increased its position in Carvana by 2.2% in the 4th quarter. Sei Investments Co. now owns 9,164 shares of the company’s stock valued at $839,000 after acquiring an additional 200 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Carvana by 18.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,983 shares of the company’s stock valued at $197,000 after acquiring an additional 459 shares during the period. Crestwood Capital Management L.P. increased its position in Carvana by 0.4% in the 4th quarter. Crestwood Capital Management L.P. now owns 114,505 shares of the company’s stock valued at $10,540,000 after acquiring an additional 500 shares during the period. Finally, Natixis Advisors L.P. increased its position in Carvana by 4.2% in the 4th quarter. Natixis Advisors L.P. now owns 12,861 shares of the company’s stock valued at $1,184,000 after acquiring an additional 514 shares during the period. Institutional investors and hedge funds own 42.83% of the company’s stock.

NYSE:CVNA traded down $3.18 during trading hours on Wednesday, reaching $106.91. 56,293 shares of the stock were exchanged, compared to its average volume of 1,629,443. The company has a quick ratio of 0.92, a current ratio of 2.16 and a debt-to-equity ratio of 2.78. The firm has a 50 day simple moving average of $88.13 and a 200-day simple moving average of $83.07. Carvana has a 52 week low of $34.73 and a 52 week high of $115.23. The stock has a market capitalization of $15.97 billion, a P/E ratio of -38.23 and a beta of 2.20.

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 proprietary 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.

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Analyst Recommendations for Carvana (NYSE:CVNA)

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