Carvana (NYSE:CVNA) Price Target Lowered to $325.00 at JPMorgan Chase & Co.

Carvana (NYSE:CVNA) had its target price decreased by investment analysts at JPMorgan Chase & Co. from $365.00 to $325.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 58.89% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. Morgan Stanley upgraded Carvana from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $260.00 to $280.00 in a report on Tuesday. Citigroup boosted their target price on shares of Carvana from $277.00 to $320.00 and gave the company a “buy” rating in a research note on Friday, February 21st. DA Davidson lifted their price objective on shares of Carvana from $220.00 to $260.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. Robert W. Baird upped their target price on shares of Carvana from $200.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, February 20th. Finally, William Blair reaffirmed an “outperform” rating on shares of Carvana in a research note on Thursday, February 20th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Carvana presently has a consensus rating of “Moderate Buy” and a consensus target price of $261.53.

Carvana Trading Down 0.2 %

CVNA stock traded down $0.32 during mid-day trading on Thursday, reaching $204.55. 2,332,888 shares of the stock traded hands, compared to its average volume of 4,551,331. Carvana has a one year low of $67.61 and a one year high of $292.84. The stock has a market capitalization of $43.60 billion, a PE ratio of 130.11 and a beta of 3.56. 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 business has a 50-day moving average price of $228.32 and a two-hundred day moving average price of $216.50.

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

Insider Buying and Selling at Carvana

In related news, insider Paul W. Breaux sold 1,362 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $270.08, for a total transaction of $367,848.96. Following the transaction, the insider now directly owns 153,240 shares in the company, valued at $41,387,059.20. The trade was a 0.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Mark W. Jenkins sold 28,422 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $288.85, for a total value of $8,209,694.70. Following the sale, the chief financial officer now owns 219,962 shares in the company, valued at $63,536,023.70. The trade was a 11.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 197,377 shares of company stock worth $44,251,096 over the last quarter. Insiders own 17.12% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Quent Capital LLC purchased a new position in Carvana in the 4th quarter worth $28,000. Global Retirement Partners LLC increased its holdings in shares of Carvana by 109.9% in the fourth quarter. Global Retirement Partners LLC now owns 149 shares of the company’s stock valued at $30,000 after purchasing an additional 78 shares during the period. Rialto Wealth Management LLC purchased a new position in shares of Carvana in the fourth quarter worth about $31,000. ORG Wealth Partners LLC acquired a new stake in shares of Carvana during the fourth quarter worth about $34,000. Finally, Versant Capital Management Inc purchased a new stake in Carvana in the fourth quarter valued at approximately $42,000. Hedge funds and other institutional investors own 56.71% of the company’s stock.

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 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.