Carvana (NYSE:CVNA) had its target price upped by Wells Fargo & Co from $115.00 to $135.00 in a report released on Friday morning, The Fly reports. Wells Fargo & Co currently has an overweight rating on the stock.

Several other research firms also recently commented on CVNA. Bank of America reaffirmed a buy rating and issued a $100.00 price objective (up previously from $92.00) on shares of Carvana in a research note on Thursday, May 7th. Nomura raised their price objective on Carvana from $89.00 to $105.00 and gave the stock a neutral rating in a research note on Tuesday, June 9th. Wedbush lifted their target price on Carvana from $75.00 to $90.00 and gave the company a neutral rating in a research note on Thursday, February 27th. TheStreet raised Carvana from a d rating to a c- rating in a research note on Tuesday, May 12th. Finally, Needham & Company LLC lifted their target price on Carvana from $100.00 to $135.00 and gave the company a buy rating in a research note on Wednesday, June 10th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $94.25.

NYSE CVNA opened at $117.41 on Friday. The stock’s 50-day moving average price is $106.15 and its 200-day moving average price is $86.13. The company has a quick ratio of 0.49, a current ratio of 1.24 and a debt-to-equity ratio of 82.86. Carvana has a 52 week low of $22.16 and a 52 week high of $131.86. The company has a market capitalization of $20.00 billion, a P/E ratio of -34.84 and a beta of 2.38.

Carvana (NYSE:CVNA) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($1.18) EPS for the quarter, missing the consensus estimate of ($0.63) by ($0.55). Carvana had a negative return on equity of 127.13% and a negative net margin of 3.89%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period last year, the business earned ($0.53) EPS. The firm’s quarterly revenue was up 45.4% compared to the same quarter last year. Research analysts anticipate that Carvana will post -3.46 EPS for the current year.

In other Carvana news, major shareholder Ernest C. Garcia II acquired 555,556 shares of the stock in a transaction on Wednesday, April 1st. The shares were bought at an average price of $45.00 per share, with a total value of $25,000,020.00. Following the acquisition, the insider now owns 52,937,458 shares of the company’s stock, valued at $2,382,185,610. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 12.25% of the stock is currently owned by insiders.

Several large investors have recently made changes to their positions in the company. Sei Investments Co. boosted its stake in shares of Carvana by 2.2% during the 4th quarter. Sei Investments Co. now owns 9,164 shares of the company’s stock worth $839,000 after acquiring an additional 200 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Carvana by 5.4% during the 1st quarter. Commonwealth Equity Services LLC now owns 4,445 shares of the company’s stock worth $244,000 after acquiring an additional 228 shares in the last quarter. Aperio Group LLC boosted its stake in shares of Carvana by 5.6% during the 1st quarter. Aperio Group LLC now owns 6,110 shares of the company’s stock worth $337,000 after acquiring an additional 323 shares in the last quarter. Engrave Wealth Partners LLC purchased a new stake in shares of Carvana during the 4th quarter worth approximately $35,000. Finally, D.A. Davidson & CO. boosted its stake in shares of Carvana by 8.9% during the 1st quarter. D.A. Davidson & CO. now owns 5,826 shares of the company’s stock worth $321,000 after acquiring an additional 476 shares in the last quarter. 52.20% of the stock is currently owned by institutional investors and hedge funds.

About Carvana

Carvana Co, together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States. 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 from their desktop or mobile devices.

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Analyst Recommendations for Carvana (NYSE:CVNA)

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