In a report released today, Gary Prestopino from Barrington maintained a Hold rating on Carvana Co (CVNA). The company’s shares closed last Monday at $75.17.
According to TipRanks.com, Prestopino is a 3-star analyst with an average return of 2.0% and a 53.0% success rate. Prestopino covers the Services sector, focusing on stocks such as US Auto Parts Network, Kar Auction Services, and Ritchie Bros.
Carvana Co has an analyst consensus of Moderate Buy, with a price target consensus of $89.78, a 15.7% upside from current levels. In a report issued on November 7, Wedbush also maintained a Hold rating on the stock with a $75.00 price target.
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Based on Carvana Co’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $39.02 million. In comparison, last year the company had a GAAP net loss of $16.04 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.
