Carvana Co (CVNA) Receives a New Rating from a Top Analyst


Oppenheimer analyst Brian Nagel assigned a Buy rating to Carvana Co (CVNA) today and set a price target of $250.00. The company’s shares closed last Tuesday at $233.82, close to its 52-week high of $235.00.

According to TipRanks.com, Nagel is a top 25 analyst with an average return of 23.7% and a 75.6% success rate. Nagel covers the Consumer Goods sector, focusing on stocks such as Dick’s Sporting Goods, Lululemon Athletica, and The Lovesac Company.

Currently, the analyst consensus on Carvana Co is a Moderate Buy with an average price target of $207.88, implying a -1.4% downside from current levels. In a report released today, Goldman Sachs also upgraded the stock to Buy with a $205.00 price target.

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The company has a one-year high of $235.00 and a one-year low of $22.16. Currently, Carvana Co has an average volume of 1.68M.

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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. The Wholesale Vehicle Sales segment comprises of the proceeds from vehicles sold to wholesalers. The Other Sales and Revenue segment composes of sales of automotive finance receivable originate and sell to third parties. The company was founded by Ernest Garcia, III, Benjamin Huston and Ryan Keeton in 2012 and is headquartered in Phoenix, AZ.

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