Carvana Co (CVNA) Rating Reiterated by Consumer Edge
Carvana Co (NASDAQ:CVNA)‘s stock had its “outperform” rating reiterated by Consumer Edge in a report released on Monday. They currently have a $23.00 price target on the stock. Consumer Edge’s target price suggests a potential upside of 56.68% from the company’s current price.
CVNA has been the topic of a number of other reports. Craig Hallum upped their target price on shares of Carvana from $16.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, August 9th. BMO Capital Markets reiterated an “outperform” rating and set a $25.00 price target (up previously from $15.00) on shares of Carvana in a report on Monday, June 26th. Robert W. Baird restated an “outperform” rating and issued a $15.00 price objective on shares of Carvana in a research note on Friday, June 9th. Wedbush restated a “neutral” rating and issued a $18.14 price objective (down previously from $20.00) on shares of Carvana in a research note on Friday, September 15th. Finally, Wells Fargo & Company reaffirmed an “outperform” rating and issued a $23.00 price objective on shares of Carvana in a research report on Sunday, August 20th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. Carvana currently has an average rating of “Buy” and an average target price of $20.35.
Shares of Carvana (NASDAQ CVNA) traded up 7.70% during mid-day trading on Monday, hitting $15.81. The company had a trading volume of 600,780 shares. The firm’s 50-day moving average price is $16.96 and its 200 day moving average price is $16.22. Carvana has a one year low of $8.14 and a one year high of $23.70. The company’s market capitalization is $245.34 million.
Carvana (NASDAQ:CVNA) last issued its earnings results on Tuesday, August 8th. The company reported ($0.28) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.30) by $0.02. The firm had revenue of $209.37 million for the quarter, compared to analyst estimates of $198.84 million. The business’s revenue for the quarter was up 142.0% compared to the same quarter last year. Analysts predict that Carvana will post ($1.13) earnings per share for the current fiscal year.
ILLEGAL ACTIVITY WARNING: “Carvana Co (CVNA) Rating Reiterated by Consumer Edge” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this story can be viewed at https://www.thecerbatgem.com/2017/10/02/carvana-co-cvna-rating-reiterated-by-consumer-edge.html.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nationwide Fund Advisors acquired a new stake in Carvana during the second quarter worth approximately $177,000. ClariVest Asset Management LLC bought a new stake in shares of Carvana during the 2nd quarter valued at $190,000. Nordea Investment Management AB bought a new stake in shares of Carvana during the 2nd quarter valued at $190,000. Cubist Systematic Strategies LLC bought a new stake in shares of Carvana during the 2nd quarter valued at $258,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Carvana during the 2nd quarter valued at $264,000.
Carvana Company Profile
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.
Receive News & Stock Ratings for Carvana Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carvana Co and related stocks with our FREE daily email newsletter.