Carvana Co (NASDAQ:CVNA) had its target price hoisted by Craig Hallum from $16.00 to $24.00 in a research note published on Wednesday, Marketbeat Ratings reports. They currently have a buy rating on the stock.

CVNA has been the topic of several other research reports. Susquehanna Bancshares Inc started coverage on shares of Carvana in a research note on Wednesday, May 3rd. They issued a neutral rating and a $10.00 price objective on the stock. JMP Securities started coverage on shares of Carvana in a research note on Tuesday, May 23rd. They issued an outperform rating and a $17.00 price objective on the stock. BMO Capital Markets reaffirmed an outperform rating and issued a $25.00 price objective (up previously from $15.00) on shares of Carvana in a research note on Monday, June 26th. Wedbush started coverage on shares of Carvana in a research note on Tuesday, July 18th. They issued a fair value rating and a $23.02 price objective on the stock. Finally, Wells Fargo & Company reaffirmed an outperform rating and issued a $19.00 price objective on shares of Carvana in a research note on Tuesday, June 13th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Carvana has a consensus rating of Buy and an average target price of $21.40.

Carvana (CVNA) traded down 5.11% during mid-day trading on Wednesday, reaching $16.33. 800,685 shares of the company were exchanged. The company’s 50 day moving average price is $20.12 and its 200-day moving average price is $16.09. Carvana has a 12 month low of $8.14 and a 12 month high of $23.70. The stock’s market capitalization is $253.41 million.

Carvana (NASDAQ:CVNA) last announced its quarterly earnings data on Tuesday, August 8th. The company reported ($0.28) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.30) by $0.02. The business had revenue of $209.37 million during the quarter, compared to analyst estimates of $198.84 million. The firm’s quarterly revenue was up 142.0% on a year-over-year basis. On average, equities analysts expect that Carvana will post ($1.13) earnings per share for the current fiscal year.

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Several institutional investors have recently made changes to their positions in CVNA. Spark Investment Management LLC purchased a new position in shares of Carvana during the second quarter valued at approximately $2,274,000. Nationwide Fund Advisors purchased a new position in shares of Carvana during the second quarter valued at approximately $177,000. TIAA CREF Investment Management LLC purchased a new position in shares of Carvana during the second quarter valued at approximately $828,000. Teachers Advisors LLC purchased a new position in shares of Carvana during the second quarter valued at approximately $568,000. Finally, Alliancebernstein L.P. purchased a new position in shares of Carvana during the second quarter valued at approximately $565,000.

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 (NASDAQ:CVNA)

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