William Blair restated their buy rating on shares of Carvana (NYSE:CVNA) in a research report report published on Wednesday, TipRanks reports. William Blair also issued estimates for Carvana’s Q2 2020 earnings at ($0.85) EPS, Q4 2020 earnings at ($0.62) EPS, FY2020 earnings at ($3.33) EPS and FY2021 earnings at ($2.57) EPS.

A number of other brokerages have also commented on CVNA. Nomura Instinet increased their price target on shares of Carvana from $89.00 to $105.00 and gave the stock a neutral rating in a report on Tuesday, June 9th. TheStreet raised shares of Carvana from a d rating to a c- rating in a report on Tuesday, May 12th. Goldman Sachs Group began coverage on shares of Carvana in a report on Sunday, July 5th. They issued a neutral rating and a $108.00 price target on the stock. Wells Fargo & Co increased their price target on shares of Carvana from $115.00 to $135.00 and gave the stock an overweight rating in a report on Friday, June 26th. Finally, B. Riley decreased their price target on shares of Carvana from $125.00 to $105.00 and set a buy rating on the stock in a report on Tuesday, May 5th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $110.32.

Carvana stock opened at $154.95 on Wednesday. The firm’s 50 day simple moving average is $131.36 and its 200 day simple moving average is $93.31. The company has a current ratio of 1.24, a quick ratio of 0.49 and a debt-to-equity ratio of 82.86. The firm has a market capitalization of $26.40 billion, a PE ratio of -45.98 and a beta of 2.39. Carvana has a 1-year low of $22.16 and a 1-year high of $157.74.

Carvana (NYSE:CVNA) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($1.18) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.63) by ($0.55). The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. Carvana had a negative return on equity of 127.13% and a negative net margin of 3.89%. Carvana’s quarterly revenue was up 45.4% on a year-over-year basis. During the same period in the previous year, the company earned ($0.53) EPS. Research analysts forecast that Carvana will post -3.34 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Signaturefd LLC boosted its position in Carvana by 22.1% during the 2nd quarter. Signaturefd LLC now owns 387 shares of the company’s stock valued at $47,000 after buying an additional 70 shares during the period. Lenox Wealth Management Inc. bought a new position in Carvana in the 1st quarter worth $51,000. Valeo Financial Advisors LLC raised its holdings in Carvana by 47.1% in the 2nd quarter. Valeo Financial Advisors LLC now owns 956 shares of the company’s stock worth $115,000 after purchasing an additional 306 shares in the last quarter. SG Americas Securities LLC bought a new position in Carvana in the 2nd quarter worth $120,000. Finally, Stephenson National Bank & Trust raised its holdings in Carvana by 9.7% in the 2nd quarter. Stephenson National Bank & Trust now owns 1,724 shares of the company’s stock worth $207,000 after purchasing an additional 153 shares in the last quarter. 50.60% of the stock is 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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