In a report released today, Gary Prestopino from Barrington maintained a Buy rating on Carvana Co (NYSE: CVNA). The company’s shares opened today at $54.06, close to its 52-week high of $56.10.
According to TipRanks.com, Prestopino is a 4-star analyst with an average return of 14.6% and a 63.2% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, Liquidity Services, and Ritchie Bros.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Carvana Co with a $55.50 average price target, representing a 2.7% upside. In a report issued on August 8, Robert W. Baird also maintained 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 June 30, the company reported a quarterly GAAP net loss of $9.97 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.
