B.Riley FBR Maintains Their Buy Rating on Carvana Co (CVNA)


B.Riley FBR analyst Lee Krowl maintained a Buy rating on Carvana Co (CVNA) today and set a price target of $125.00. The company’s shares closed last Monday at $30.01, close to its 52-week low of $22.16.

According to TipRanks.com, Krowl has currently no stars on a ranking scale of 0-5 stars, with an average return of -20.3% and a 20.7% success rate. Krowl covers the Technology sector, focusing on stocks such as Limelight Networks, Rubicon Project, and Digital Turbine.

Carvana Co has an analyst consensus of Moderate Buy, with a price target consensus of $99.18.

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Based on Carvana Co’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $41.13 million. In comparison, last year the company had a GAAP net loss of $28.7 million.

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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.

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