Wolfe Research Now Covering Carvana (CVNA)

October 2, 2018 - By Marguerite Chambers

How Wolfe Research Currently Rates Carvana (CVNA)

Wolfe Research initiated its coverage on Carvana (CVNA), today 2 October. The research firm finds the stock of Carvana (CVNA) attractive and has given it “Outperform” rating.

Carvana Co. (NYSE:CVNA) Ratings Coverage

Among 11 analysts covering Carvana Co (CVNA), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. Carvana Co has $77 highest and $2000 lowest target. $47.80’s average target is -16.51% below currents $57.25 stock price. Carvana Co had 19 analyst reports since April 16, 2018 according to SRatingsIntel. The rating was maintained by JMP Securities with “Market Outperform” on Thursday, August 9. Robert W. Baird maintained the stock with “Buy” rating in Thursday, May 10 report. The rating was maintained by Citigroup with “Buy” on Thursday, August 9. The rating was upgraded by FBR Capital to “Buy” on Thursday, May 10. The firm has “Outperform” rating by Wells Fargo given on Monday, October 1. As per Tuesday, April 24, the company rating was maintained by Craig Hallum. Bank of America maintained Carvana Co. (NYSE:CVNA) rating on Wednesday, June 27. Bank of America has “Buy” rating and $45 target. The company was maintained on Monday, August 6 by Wedbush. The firm has “Buy” rating by Citigroup given on Tuesday, September 11. The stock has “Sell” rating by FBR Capital on Tuesday, April 24.

The stock decreased 0.38% or $0.22 during the last trading session, reaching $57.25. About 343,565 shares traded. Carvana Co. (CVNA) has risen 264.09% since October 2, 2017 and is uptrending. It has outperformed by 248.47% the S&P500.

Analysts await Carvana Co. (NYSE:CVNA) to report earnings on November, 6. They expect $-0.36 EPS, down 24.14 % or $0.07 from last year’s $-0.29 per share. After $-0.37 actual EPS reported by Carvana Co. for the previous quarter, Wall Street now forecasts -2.70 % EPS growth.

Carvana Co. operates an e-commerce platform for buying used cars in the United States. The company has market cap of $8.56 billion. It purchases, reconditions, sells, and delivers vehicles to clients through its Website. It currently has negative earnings.

Another recent and important Carvana Co. (NYSE:CVNA) news was published by Seekingalpha.com which published an article titled: “Has The Dam Cracked At Carvana Or Will Shares Continue Higher?” on September 17, 2018.

Carvana Co. (NYSE:CVNA) Ratings Chart

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