3 days Ago By Defense World Staff
Carvana Co. ( NYSE:CVNA – Get Free Report ) has received a consensus rating of “Hold” from the nineteen ratings firms that are covering the company, MarketBeat reports. Eleven analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company.
The average 12 month target price among analysts that have issued a report on the stock in the last year is $217.71. A number of research analysts recently issued reports on CVNA shares.
Needham & Company LLC lifted their price objective on shares of Carvana from $200.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, October 31st.
Stephens started coverage on shares of Carvana in a research note on Thursday, September 12th. They issued an “overweight” rating and a $190.00 price objective on the stock.
Royal Bank of Canada raised shares of Carvana to a “sector perform” rating and lifted their price objective for the company from $166.00 to $170.00 in a research note on Monday, August 19th.
Jefferies Financial Group raised their target price on shares of Carvana from $150.00 to $185.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd.
Finally, Evercore ISI raised their target price on shares of Carvana from $186.00 to $190.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th.
View Our Latest Research Report on CVNA Carvana Stock Up 1.5 % Carvana ( NYSE:CVNA – Get Free Report ) last announced its earnings results on Wednesday, October 30th. The company reported $0.
64 EPS for the quarter, topping the consensus estimate of $0.23 by $0.41.
The business had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.47 billion.
During the same period in the prior year, the business posted $0.23 earnings per share. The firm’s revenue for the quarter was up 31.
8% compared to the same quarter last year. As a group, analysts expect that Carvana will post 0.62 EPS for the current year.
Insider Transactions at Carvana In related news, Director Gregory B. Sullivan sold 5,000 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $235.
00, for a total transaction of $1,175,000.00. Following the transaction, the director now directly owns 53,407 shares in the company, valued at approximately $12,550,645.
The trade was a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link .
Also, major shareholder Ernest C. Garcia II sold 100,000 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $155.
51, for a total transaction of $15,551,000.00. Following the transaction, the insider now owns 290,814 shares in the company, valued at approximately $45,224,485.
14. This trade represents a 25.59 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Insiders sold a total of 2,527,249 shares of company stock valued at $453,021,322 over the last three months. Corporate insiders own 17.
12% of the company’s stock. Institutional Inflows and Outflows Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ridgewood Investments LLC purchased a new stake in shares of Carvana during the 2nd quarter valued at approximately $32,000.
Sugarloaf Wealth Management LLC purchased a new stake in shares of Carvana during the 3rd quarter valued at approximately $32,000. Summit Securities Group LLC lifted its stake in shares of Carvana by 110.0% during the 2nd quarter.
Summit Securities Group LLC now owns 300 shares of the company’s stock valued at $39,000 after buying an additional 3,300 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Carvana during the 3rd quarter valued at approximately $40,000. Finally, Fifth Third Bancorp lifted its stake in shares of Carvana by 450.
8% during the 2nd quarter. Fifth Third Bancorp now owns 336 shares of the company’s stock valued at $43,000 after buying an additional 275 shares in the last quarter. 56.
71% of the stock is currently owned by hedge funds and other institutional investors. About Carvana ( Get Free Report 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.
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