Carvana (NYSE:CVNA) had its price target hoisted by Robert W. Baird from $17.00 to $23.00 in a report released on Tuesday morning. Robert W. Baird currently has an outperform rating on the stock.

Other analysts have also issued research reports about the stock. B. Riley reaffirmed a sell rating and set a $12.00 price objective on shares of Carvana in a report on Wednesday, November 8th. JMP Securities dropped their price objective on shares of Carvana from $25.00 to $23.00 and set an outperform rating for the company in a report on Wednesday, November 8th. Wedbush reaffirmed a neutral rating and set a $14.00 price objective (down previously from $20.00) on shares of Carvana in a report on Wednesday, November 8th. BMO Capital Markets dropped their price objective on shares of Carvana from $25.00 to $19.00 and set an outperform rating for the company in a report on Wednesday, November 8th. Finally, Wells Fargo & Company reaffirmed an outperform rating and set a $23.00 price objective on shares of Carvana in a report on Sunday, August 20th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $19.88.

Carvana (NYSE CVNA) traded down $0.78 during midday trading on Tuesday, hitting $21.24. 603,624 shares of the stock traded hands, compared to its average volume of 462,661. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.50 and a quick ratio of 0.71. Carvana has a 12 month low of $8.14 and a 12 month high of $23.70.

Carvana (NYSE:CVNA) last posted its quarterly earnings data on Tuesday, November 7th. The company reported ($0.29) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.30) by $0.01. The company had revenue of $225.40 million during the quarter, compared to analyst estimates of $243.61 million. Carvana had a negative net margin of 11.81% and a negative return on equity of 153.67%. equities analysts predict that Carvana will post -1.2 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CVNA. Abrams Bison Investments LLC bought a new stake in shares of Carvana during the second quarter valued at approximately $51,175,000. FMR LLC bought a new stake in shares of Carvana during the second quarter valued at approximately $26,992,000. Sylebra HK Co Ltd grew its stake in shares of Carvana by 184.4% during the third quarter. Sylebra HK Co Ltd now owns 1,302,420 shares of the company’s stock valued at $19,120,000 after purchasing an additional 844,516 shares during the last quarter. Royal Bank of Canada bought a new stake in shares of Carvana during the second quarter valued at approximately $15,354,000. Finally, Principal Financial Group Inc. bought a new stake in shares of Carvana during the second quarter valued at approximately $14,998,000. 15.20% of the stock is currently owned by institutional investors and hedge funds.

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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)

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