After Jefferies and Robert W. Baird gave Carvana Co (NYSE: CVNA) a Buy rating last month, the company received another Buy, this time from Oppenheimer. Analyst Brian Nagel assigned a Buy rating to Carvana Co today and set a price target of $355.00. The company’s shares closed last Thursday at $263.45.
According to TipRanks.com, Nagel is a top 25 analyst with an average return of 37.5% and a 77.7% success rate. Nagel covers the Consumer Goods sector, focusing on stocks such as Dick’s Sporting Goods, Lululemon Athletica, and The Lovesac Company.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Carvana Co with a $329.40 average price target, a 19.0% upside from current levels. In a report issued on April 23, Truist Financial also maintained a Buy rating on the stock with a $320.00 price target.
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Carvana Co’s market cap is currently $48.34B and has a P/E ratio of -103.40. The company has a Price to Book ratio of 134.46.
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Founded in 2012, Arizona-based Carvana Co. is an e-commerce platform for buying and selling used cars in the United States. Carvana.com enables consumers to quickly and easily shop more than 20,000 vehicles, finance, trade-in or sell their current vehicle to Carvana, sign contracts, and schedule as-soon-as-next-day delivery or pickup at one of Carvana’s patented, automated Car Vending Machines.
