Carvana Co. (the SEC website. 153y1x
Carvana stock traded down $22.24 during midday trading on Friday, reaching $296.71. The company's stock had a trading volume of 6,604,157 shares, compared to its average volume of 3,931,338. Carvana Co. has a fifty-two week low of $100.05 and a fifty-two week high of $351.43. The company has a quick ratio of 2.12, a current ratio of 3.64 and a debt-to-equity ratio of 3.82. The company has a market cap of $63.54 billion, a P/E ratio of 188.99 and a beta of 3.65. The business has a 50-day simple moving average of $272.91 and a 200-day simple moving average of $241.05.
Carvana (Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $1.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.75 by $0.76. Carvana had a return on equity of 36.59% and a net margin of 1.54%. The company had revenue of $4.23 billion for the quarter, compared to analysts' expectations of $3.94 billion. During the same period last year, the firm earned $0.23 earnings per share. Carvana's quarterly revenue was up 38.3% on a year-over-year basis. On average, research analysts expect that Carvana Co. will post 2.85 earnings per share for the current fiscal year.
Several hedge funds have recently made changes to their positions in the company. Yousif Capital Management LLC grew its holdings in shares of Carvana by 4.1% during the first quarter. Yousif Capital Management LLC now owns 1,266 shares of the company's stock worth $265,000 after purchasing an additional 50 shares during the last quarter. Fidelis Capital Partners LLC grew its holdings in shares of Carvana by 3.4% during the fourth quarter. Fidelis Capital Partners LLC now owns 1,541 shares of the company's stock worth $313,000 after buying an additional 51 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Carvana by 5.2% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,223 shares of the company's stock worth $256,000 after buying an additional 60 shares during the last quarter. Bleakley Financial Group LLC grew its holdings in shares of Carvana by 2.8% during the fourth quarter. Bleakley Financial Group LLC now owns 2,373 shares of the company's stock worth $483,000 after buying an additional 65 shares during the last quarter. Finally, Commerce Bank grew its holdings in shares of Carvana by 1.6% during the first quarter. Commerce Bank now owns 4,446 shares of the company's stock worth $930,000 after buying an additional 69 shares during the last quarter. Hedge funds and other institutional investors own 56.71% of the company's stock.
Several research analysts recently weighed in on the company. William Blair reiterated an "outperform" rating on shares of Carvana in a research report on Thursday, February 20th. Wedbush upgraded Carvana to a "hold" rating in a research report on Thursday, May 8th. Wells Fargo & Company upped their price target on Carvana from $290.00 to $310.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Robert W. Baird upped their price target on Carvana from $200.00 to $275.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Finally, Stephens restated an "overweight" rating and set a $300.00 price target on shares of Carvana in a research note on Monday, March 3rd. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $280.35.
Read Our Latest Research Report on Carvana
Carvana Co, together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States. Its platform allows customers to research and identify a vehicle; inspect it using company's 360-degree vehicle imaging technology; obtain financing and warranty coverage; purchase the vehicle; and schedule delivery or pick-up from their desktop or mobile devices.
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