Wedbush analyst Seth Basham maintained a Hold rating on Carvana Co (CVNA – Research Report) today and set a price target of $80.00. The company’s shares closed yesterday at $75.35.
According to TipRanks, Basham is a 5-star analyst with an average return of 9.9% and a 48.88% success rate. Basham covers the Consumer Cyclical sector, focusing on stocks such as CarMax, Sleep Number, and Wayfair.
The word on The Street in general, suggests a Hold analyst consensus rating for Carvana Co with a $68.18 average price target, implying a -9.52% downside from current levels. In a report released yesterday, Jefferies also maintained a Hold rating on the stock with a $80.00 price target.
The company has a one-year high of $94.04 and a one-year low of $6.70. Currently, Carvana Co has an average volume of 6.22M.
Based on the recent corporate insider activity of 143 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CVNA in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Carvana Co (CVNA) Company Description:
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.
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