Carvana’s (CVNA) Outperform Rating Reiterated at William Blair

William Blair reiterated their outperform rating on shares of Carvana (NYSE:CVNA) in a research report sent to investors on Thursday morning,RTT News reports.

Several other research analysts have also commented on CVNA. Wells Fargo & Company reduced their price target on Carvana from $300.00 to $275.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Robert W. Baird lifted their price target on Carvana from $200.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday. Royal Bank of Canada lifted their price target on Carvana from $280.00 to $320.00 and gave the stock an “outperform” rating in a report on Thursday. Morgan Stanley upgraded Carvana from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $110.00 to $260.00 in a report on Tuesday, November 5th. Finally, JMP Securities reissued a “market outperform” rating and set a $320.00 price objective on shares of Carvana in a research report on Monday, December 16th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $265.06.

Carvana Trading Down 9.9 %

Shares of CVNA stock opened at $223.14 on Thursday. The stock’s fifty day moving average is $234.35 and its two-hundred day moving average is $208.28. The company has a debt-to-equity ratio of 3.82, a quick ratio of 2.12 and a current ratio of 3.64. The firm has a market capitalization of $46.33 billion, a P/E ratio of 142.13 and a beta of 3.37. Carvana has a fifty-two week low of $49.38 and a fifty-two week high of $292.84.

Carvana (NYSE:CVNA) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.29 by $0.27. Carvana had a return on equity of 36.59% and a net margin of 1.54%. The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.32 billion. Research analysts expect that Carvana will post 2.85 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Daniel J. Gill sold 44,000 shares of Carvana stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $259.47, for a total value of $11,416,680.00. Following the completion of the transaction, the insider now owns 191,225 shares in the company, valued at approximately $49,617,150.75. This trade represents a 18.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Mark W. Jenkins sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $255.07, for a total value of $2,550,700.00. Following the sale, the chief financial officer now owns 189,761 shares of the company’s stock, valued at approximately $48,402,338.27. The trade was a 5.01 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 173,629 shares of company stock worth $44,833,799. 17.12% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Carvana

Several institutional investors have recently added to or reduced their stakes in the business. Mackenzie Financial Corp purchased a new stake in Carvana during the fourth quarter worth approximately $1,153,000. Toronto Dominion Bank purchased a new stake in Carvana during the fourth quarter worth approximately $3,124,000. Gordian Capital Singapore Pte Ltd purchased a new stake in Carvana during the fourth quarter worth approximately $98,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Carvana by 90.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 415,070 shares of the company’s stock worth $84,409,000 after purchasing an additional 196,776 shares during the last quarter. Finally, USS Investment Management Ltd purchased a new stake in Carvana during the fourth quarter worth approximately $5,065,000. Hedge funds and other institutional investors own 56.71% of the company’s stock.

Carvana Company Profile

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 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.