Robert W. Baird reaffirmed their buy rating on shares of Carvana Co. (NYSE:CVNA) in a report published on Monday morning. Robert W. Baird currently has a $17.00 price objective on the stock.

Several other equities analysts have also recently commented on the stock. Zacks Investment Research cut shares of Carvana from a buy rating to a sell rating in a research report on Thursday, November 2nd. B. Riley initiated coverage on shares of Carvana in a research report on Friday, September 22nd. They set a sell rating and a $12.00 price target on the stock. Barrington Research initiated coverage on shares of Carvana in a research report on Friday, October 27th. They set a market perform rating on the stock. Wedbush reaffirmed a neutral rating and set a $18.14 price target (down previously from $20.00) on shares of Carvana in a research report on Friday, September 15th. Finally, Wells Fargo & Company reissued an outperform rating and issued a $23.00 target price on shares of Carvana in a report on Sunday, August 20th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the stock. The company has an average rating of Buy and a consensus target price of $19.31.

Carvana (CVNA) opened at $15.32 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.71 and a current ratio of 1.50. Carvana has a 12-month low of $8.14 and a 12-month high of $23.70.

Carvana (NYSE:CVNA) last issued its quarterly earnings results on Tuesday, November 7th. The company reported ($0.29) EPS for the quarter, topping the consensus estimate of ($0.30) by $0.01. Carvana had a negative net margin of 11.81% and a negative return on equity of 153.67%. The business had revenue of $225.40 million for the quarter, compared to analysts’ expectations of $243.61 million. analysts expect that Carvana will post -1.19 earnings per share for the current year.

WARNING: This piece of content was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright legislation. The correct version of this piece of content can be read at https://www.thecerbatgem.com/2017/11/24/carvana-co-cvna-rating-reiterated-by-robert-w-baird.html.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Wells Fargo & Company MN lifted its holdings in Carvana by 10.8% in the third quarter. Wells Fargo & Company MN now owns 61,623 shares of the company’s stock worth $905,000 after acquiring an additional 5,998 shares during the last quarter. Nationwide Fund Advisors bought a new position in Carvana in the second quarter worth about $177,000. Nordea Investment Management AB bought a new position in Carvana in the second quarter worth about $190,000. ClariVest Asset Management LLC bought a new position in Carvana in the second quarter worth about $190,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Carvana by 2,272.3% during the third quarter. JPMorgan Chase & Co. now owns 11,055 shares of the company’s stock valued at $165,000 after buying an additional 10,589 shares during the last quarter. 12.64% of the stock is currently owned by hedge funds and other institutional investors.

About Carvana

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.

Analyst Recommendations for Carvana (NYSE:CVNA)

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.