In a report released today, Sameet Sinha from B.Riley FBR reiterated a Buy rating on Carvana Co (NYSE: CVNA), with a price target of $76. The company’s shares opened today at $51.11, close to its 52-week high of $56.10.
According to TipRanks.com, Sinha is a 4-star analyst with an average return of 6.1% and a 52.4% success rate. Sinha covers the Technology sector, focusing on stocks such as Digital Turbine Inc, Limelight Networks, and Alphabet Inc.
Carvana Co has an analyst consensus of Moderate Buy, with a price target consensus of $52.70, representing a 3.1% upside. In a report issued on August 1, Robert W. Baird also reiterated a Buy rating on the stock with a $53 price target.
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Based on Carvana Co’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $7.04 million. In comparison, last year the company had a GAAP net loss of $4.28 million.
Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is negative on the stock.
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Carvana Co. is a holding company and an eCommerce platform, which engages in the buying of used cars and provision of different and convenient car buying experience. It operates through the following segments: Vehicle Sales; Wholesale Vehicle Sales; and Other Sales and Revenue. The Vehicle Sales segment consists of used vehicle to customers through website.
