Brokerages Set Carvana Co. (NYSE:CVNA) Price Target at $474.27

Carvana Co. (NYSE:CVNAGet Free Report) has been given an average rating of “Moderate Buy” by the twenty-five research firms that are covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation and nineteen have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $474.2727.

CVNA has been the subject of several research analyst reports. Argus initiated coverage on Carvana in a research report on Monday, December 15th. They set a “buy” rating and a $500.00 price objective for the company. Barclays upped their price target on Carvana from $465.00 to $530.00 and gave the stock an “overweight” rating in a report on Wednesday, January 21st. Bank of America raised their price objective on shares of Carvana from $455.00 to $515.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. BTIG Research upped their target price on shares of Carvana from $450.00 to $535.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. Finally, UBS Group increased their price target on shares of Carvana from $450.00 to $545.00 and gave the company a “buy” rating in a report on Wednesday, January 14th.

Get Our Latest Report on CVNA

Insiders Place Their Bets

In other news, insider Daniel J. Gill sold 40,000 shares of Carvana stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $475.24, for a total transaction of $19,009,600.00. Following the sale, the insider owned 191,106 shares of the company’s stock, valued at approximately $90,821,215.44. This trade represents a 17.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Stephen R. Palmer sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $393.04, for a total value of $393,040.00. Following the sale, the vice president owned 37,192 shares in the company, valued at approximately $14,617,943.68. This represents a 2.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 420,351 shares of company stock valued at $179,589,049 in the last quarter. 17.12% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Carvana

Several institutional investors and hedge funds have recently bought and sold shares of CVNA. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Carvana during the 4th quarter valued at about $29,000. Farmers & Merchants Investments Inc. bought a new position in Carvana during the fourth quarter worth about $29,000. ORG Partners LLC boosted its holdings in Carvana by 8,700.0% during the third quarter. ORG Partners LLC now owns 88 shares of the company’s stock valued at $33,000 after purchasing an additional 87 shares in the last quarter. Salomon & Ludwin LLC grew its stake in shares of Carvana by 112.5% in the 4th quarter. Salomon & Ludwin LLC now owns 85 shares of the company’s stock valued at $37,000 after purchasing an additional 45 shares during the period. Finally, Steigerwald Gordon & Koch Inc. acquired a new position in shares of Carvana in the 3rd quarter worth approximately $38,000. Institutional investors own 56.71% of the company’s stock.

Carvana Stock Performance

Shares of CVNA opened at $343.31 on Monday. The company has a market capitalization of $74.68 billion, a PE ratio of 78.38, a price-to-earnings-growth ratio of 0.83 and a beta of 3.57. The company has a debt-to-equity ratio of 1.63, a current ratio of 4.05 and a quick ratio of 2.55. Carvana has a one year low of $148.25 and a one year high of $486.89. The company’s fifty day moving average price is $434.54 and its 200 day moving average price is $382.03.

Carvana News Roundup

Here are the key news stories impacting Carvana this week:

Carvana Company Profile

(Get Free Report)

Carvana Co is an online-only retailer of used vehicles that operates a consumer-facing e-commerce platform for buying and selling cars. The company markets and sells inspected, reconditioned pre-owned vehicles through its website, where shoppers can browse inventory, view detailed 360-degree photos and vehicle history reports, finance purchases, and arrange delivery or pickup. Carvana’s model is built around a digital end-to-end car buying experience that aims to simplify vehicle transactions compared with traditional dealerships.

Its products and services include direct retail sales of used cars, trade-in and purchase offers for consumer vehicles, vehicle financing and related protection products, and a seven-day return policy that allows customers to test a vehicle in everyday use.

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Analyst Recommendations for Carvana (NYSE:CVNA)

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