Shares of Carvana Co (NYSE:CVNA) have earned a consensus recommendation of “Buy” from the sixteen research firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $57.00.

A number of research analysts have issued reports on the company. Zacks Investment Research downgraded Carvana from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. Morgan Stanley initiated coverage on Carvana in a research note on Monday, January 14th. They set an “underweight” rating and a $23.00 price target for the company. ValuEngine raised Carvana from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd. Citigroup initiated coverage on Carvana in a report on Friday, December 7th. They issued a “buy” rating and a $55.00 price target on the stock. Finally, Craig Hallum lowered their price target on Carvana from $48.00 to $40.00 and set a “hold” rating on the stock in a report on Tuesday, December 4th.

In other news, major shareholder Ernest C. Garcia II sold 2,600 shares of the stock in a transaction that occurred on Monday, November 12th. The stock was sold at an average price of $47.99, for a total value of $124,774.00. Following the sale, the insider now directly owns 52,937,458 shares in the company, valued at $2,540,468,609.42. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Michael E. Maroone purchased 1,000 shares of Carvana stock in a transaction dated Monday, November 26th. The stock was acquired at an average price of $43.85 per share, for a total transaction of $43,850.00. Following the completion of the acquisition, the director now owns 30,000 shares of the company’s stock, valued at approximately $1,315,500. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 956,000 shares of company stock worth $31,957,500 and sold 315,342 shares worth $14,672,524. Corporate insiders own 21.41% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of CVNA. Vanguard Group Inc raised its holdings in shares of Carvana by 41.5% in the third quarter. Vanguard Group Inc now owns 2,621,582 shares of the company’s stock worth $154,909,000 after buying an additional 768,256 shares during the period. Vanguard Group Inc. grew its stake in Carvana by 41.5% in the third quarter. Vanguard Group Inc. now owns 2,621,582 shares of the company’s stock worth $154,909,000 after purchasing an additional 768,256 shares in the last quarter. Point72 Asset Management L.P. grew its stake in Carvana by 184.4% in the third quarter. Point72 Asset Management L.P. now owns 1,169,184 shares of the company’s stock worth $69,087,000 after purchasing an additional 758,084 shares in the last quarter. Morgan Stanley grew its stake in Carvana by 64.2% in the third quarter. Morgan Stanley now owns 1,029,248 shares of the company’s stock worth $60,819,000 after purchasing an additional 402,511 shares in the last quarter. Finally, Phoenician Capital LLC bought a new position in Carvana in the fourth quarter worth approximately $12,199,000. Hedge funds and other institutional investors own 26.53% of the company’s stock.

Shares of CVNA stock opened at $32.18 on Friday. Carvana has a one year low of $16.02 and a one year high of $72.59. The company has a current ratio of 2.04, a quick ratio of 1.30 and a debt-to-equity ratio of 1.55.

Carvana (NYSE:CVNA) last issued its earnings results on Wednesday, November 7th. The company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.03). The firm had revenue of $535.00 million for the quarter, compared to analyst estimates of $509.09 million. Carvana had a negative return on equity of 35.13% and a negative net margin of 5.01%. Carvana’s revenue for the quarter was up 137.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.29) earnings per share. On average, equities research analysts predict that Carvana will post -1.65 earnings per share for the current year.

About Carvana

Carvana Co, together with its subsidiaries, operates an e-commerce platform for buying used cars in the United States. The company purchases, reconditions, sells, and delivers vehicles. Its platform allows customers to research and identify a vehicle; inspect it using company's proprietary 360-degree vehicle imaging technology; obtain financing and warranty coverage; purchase the vehicle; and schedule delivery or pick-up.

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Analyst Recommendations for Carvana (NYSE:CVNA)

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