In a report released today, Colin Sebastian from Robert W. Baird maintained a Buy rating on Carvana Co (NYSE: CVNA), with a price target of $53. The company’s shares opened today at $47.06, close to its 52-week high of $49.87.
According to TipRanks.com, Sebastian is a top 25 analyst with an average return of 26.9% and a 76.6% success rate. Sebastian covers the Technology sector, focusing on stocks such as Activision Blizzard, Paypal Holdings, and ChannelAdvisor.
Carvana Co has an analyst consensus of Strong Buy, with a price target consensus of $44.22, representing a -6.0% downside. In a report issued on August 6, Barrington also maintained a Buy rating on the stock with a $50 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
