Carvana Co. Receives Consensus Recommendation of 'Moderate Buy'

Carvana Co. (NYSE:CVNA) has been assigned a consensus recommendation of 'Moderate Buy' by analysts, according to Marketbeat.com reports. Out of twenty-four brokerages covering the firm, seven have rated the stock with a hold recommendation, sixteen have assigned a buy recommendation, and one has assigned a strong buy recommendation.

The average 1-year price target among brokers that have covered the stock in the last year is $84.1364. This means that analysts expect Carvana's share price to reach this level over the next twelve months. Gordon Haskett recently raised their price target on shares of Carvana from $67.00 to $85.00 and gave the stock a 'hold' rating.

Carvana has seen significant revenue growth, with its quarterly earnings data showing a 52.4% increase compared to the same period last year. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.03.

Institutional investors and hedge funds own 56.71% of Carvana's stock. Some notable shareholders include Sands Capital Management LLC and Swiss National Bank, which have increased their stakes in the company recently.