ValuEngine upgraded shares of Carvana (NYSE:CVNA) from a sell rating to a hold rating in a research note issued to investors on Friday.

CVNA has been the subject of a number of other research reports. Deutsche Bank cut shares of Carvana from a buy rating to a hold rating and raised their price target for the stock from $22.00 to $23.50 in a report on Friday, December 8th. B. Riley reaffirmed a sell rating and issued a $12.00 price target on shares of Carvana in a report on Wednesday, November 8th. BMO Capital Markets decreased their price target 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. Zacks Investment Research cut shares of Carvana from a buy rating to a sell rating in a report on Thursday, November 2nd. Finally, JMP Securities decreased their price target 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. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $19.88.

Carvana (CVNA) opened at $18.30 on Friday. Carvana has a fifty-two week low of $8.14 and a fifty-two week high of $24.89. The company has a current ratio of 1.50, a quick ratio of 0.71 and a debt-to-equity ratio of 0.07.

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

In related news, major shareholder 2014 Fidel Family Trust Dated sold 1,101,624 shares of the firm’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $22.65, for a total transaction of $24,951,783.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 21.69% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Royal Bank of Canada purchased a new position in shares of Carvana during the second quarter worth $15,354,000. Schwab Charles Investment Management Inc. acquired a new stake in Carvana during the second quarter valued at $508,000. FMR LLC acquired a new stake in Carvana during the second quarter valued at $26,992,000. Rhumbline Advisers acquired a new stake in Carvana during the second quarter valued at $392,000. Finally, Abrams Bison Investments LLC acquired a new stake in Carvana during the second quarter valued at $51,175,000. 15.18% of the stock is owned by hedge funds and other institutional investors.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Carvana (NYSE:CVNA)

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