BMO Capital analyst Daniel Salmon reiterated a Hold rating on Carvana Co (NYSE: CVNA) yesterday and set a price target of $35. The company’s shares closed yesterday at $44.10, close to its 52-week high of $49.87.
According to TipRanks.com, Salmon is a 5-star analyst with an average return of 18.9% and a 74.1% success rate. Salmon covers the Services sector, focusing on stocks such as Nielsen Holdings, 21st Century Fox, and Pandora Media.
Currently, the analyst consensus on Carvana Co is a Moderate Buy with an average price target of $40.
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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 15 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.
