Carvana (NYSE:CVNA) Earns Neutral Rating from Wedbush

Carvana (NYSE:CVNA)‘s stock had its “neutral” rating reaffirmed by research analysts at Wedbush in a report released on Thursday,Benzinga reports. They presently have a $250.00 target price on the stock. Wedbush’s target price suggests a potential downside of 3.46% from the company’s previous close.

CVNA has been the topic of a number of other research reports. Jefferies Financial Group lifted their price target on shares of Carvana from $150.00 to $185.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada raised Carvana from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $270.00 to $280.00 in a research report on Tuesday, January 7th. Morgan Stanley raised shares of Carvana from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $110.00 to $260.00 in a research report on Tuesday, November 5th. Needham & Company LLC reissued a “buy” rating and set a $330.00 price target on shares of Carvana in a research report on Tuesday, January 7th. Finally, Robert W. Baird increased their price objective on shares of Carvana from $160.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $249.29.

Carvana Trading Up 1.2 %

NYSE:CVNA traded up $2.98 on Thursday, reaching $258.96. The company’s stock had a trading volume of 309,329 shares, compared to its average volume of 3,866,919. The company has a debt-to-equity ratio of 18.99, a quick ratio of 2.12 and a current ratio of 3.25. The business’s 50-day moving average price is $230.46 and its two-hundred day moving average price is $196.87. Carvana has a 1-year low of $46.38 and a 1-year high of $268.34. The firm has a market cap of $53.77 billion, a PE ratio of 25,918.42 and a beta of 3.37.

Insider Buying and Selling at Carvana

In other Carvana news, CFO Mark W. Jenkins sold 10,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $255.07, for a total transaction of $2,550,700.00. Following the transaction, the chief financial officer now owns 189,761 shares in the company, valued at $48,402,338.27. This trade represents a 5.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Daniel J. Gill sold 44,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $259.47, for a total transaction of $11,416,680.00. Following the transaction, the insider now owns 191,225 shares in the company, valued at approximately $49,617,150.75. The trade was a 18.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 123,845 shares of company stock valued at $30,742,656 in the last quarter. 17.18% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Carvana

Institutional investors have recently made changes to their positions in the stock. Quent Capital LLC bought a new position in Carvana in the fourth quarter valued at approximately $28,000. Global Retirement Partners LLC boosted its stake in Carvana by 109.9% in the fourth quarter. Global Retirement Partners LLC now owns 149 shares of the company’s stock valued at $30,000 after buying an additional 78 shares in the last quarter. ORG Wealth Partners LLC bought a new position in Carvana in the fourth quarter valued at about $34,000. Versant Capital Management Inc bought a new position in shares of Carvana in the fourth quarter worth about $42,000. Finally, Venturi Wealth Management LLC boosted its stake in shares of Carvana by 79.2% in the 4th quarter. Venturi Wealth Management LLC now owns 224 shares of the company’s stock valued at $46,000 after purchasing an additional 99 shares in the last quarter. 56.71% of the stock is currently owned by institutional investors.

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 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.