Carvana Co (NASDAQ:CVNA) has been given an average rating of “Buy” by the ten ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $19.78.
A number of equities analysts have issued reports on the stock. Robert W. Baird reaffirmed an “outperform” rating and issued a $15.00 price objective on shares of Carvana in a research note on Friday, June 9th. Wells Fargo & Company assumed coverage on shares of Carvana in a research note on Tuesday, May 23rd. They issued an “outperform” rating and a $19.00 price objective on the stock. Citigroup Inc. assumed coverage on shares of Carvana in a research note on Tuesday, May 23rd. They issued a “buy” rating and a $17.00 price objective on the stock. William Blair assumed coverage on shares of Carvana in a research note on Tuesday, May 23rd. They issued an “outperform” rating on the stock. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $25.00 price objective (up from $15.00) on shares of Carvana in a research note on Monday, June 26th.
Carvana (NASDAQ:CVNA) traded down 4.93% on Friday, hitting $21.80. The company’s stock had a trading volume of 394,917 shares. The company has a 50 day moving average price of $14.32 and a 200-day moving average price of $13.52. The company’s market capitalization is $327.72 million. Carvana has a 1-year low of $8.14 and a 1-year high of $23.70.
Carvana (NASDAQ:CVNA) last announced its quarterly earnings data on Tuesday, June 6th. The company reported ($0.28) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.28). The business had revenue of $159.07 million during the quarter, compared to the consensus estimate of $157.69 million. The firm’s revenue was up 118.1% compared to the same quarter last year. On average, equities analysts forecast that Carvana will post ($1.13) earnings per share for the current fiscal year.
In other news, Director Ira J. Platt purchased 2,000 shares of Carvana stock in a transaction dated Friday, April 28th. The shares were bought at an average cost of $12.60 per share, with a total value of $25,200.00. Following the completion of the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $25,200. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Ernest C. Garcia II purchased 1,500,000 shares of Carvana stock in a transaction dated Wednesday, May 3rd. The shares were purchased at an average cost of $13.73 per share, for a total transaction of $20,595,000.00. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 1,856,031 shares of company stock worth $24,474,213.
Carvana Co is an e-commerce platform for buying used cars. On the Company’s platform, consumers can research and identify a vehicle, inspect it using its proprietary 360-degree vehicle imaging technology, obtain financing and warranty coverage, purchase the vehicle and schedule delivery or pick-up, all from their desktop or mobile devices.
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