<div id="readability-page-1"><p><span>Carvana (NYSE:CVNA - Get Free Report)</span> had its price target increased by stock analysts at JPMorgan Chase &amp; Co. from $150.00 to $155.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has an &#34;overweight&#34; rating on the stock. JPMorgan Chase &amp; Co.'s price target suggests a potential upside of 14.52% from the stock's previous close.</p><ul><li>This Stock's Price Shifts Into High Gear With Analyst Upgrades</li></ul><p>CVNA has been the topic of a number of other research reports. William Blair reissued an &#34;outperform&#34; rating on shares of Carvana in a research note on Thursday, May 2nd. JMP Securities reissued a &#34;market outperform&#34; rating and issued a $150.00 price objective on shares of Carvana in a research note on Wednesday, July 10th. Evercore ISI boosted their price objective on Carvana from $135.00 to $140.00 and gave the stock an &#34;in-line&#34; rating in a research note on Tuesday. Needham &amp; Company LLC raised Carvana from a &#34;hold&#34; rating to a &#34;buy&#34; rating and set a $160.00 price objective on the stock in a research note on Wednesday, July 10th. Finally, Wedbush reaffirmed a &#34;neutral&#34; rating and set a $120.00 target price on shares of Carvana in a research report on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of &#34;Hold&#34; and a consensus target price of $97.75.</p><p><b>Get Our Latest Report on Carvana</b></p><h2>Carvana Stock Up 4.8 %</h2><ul><li>Top 3 High Beta Stocks to Watch in a Low VIX Market</li></ul><p>Carvana stock traded up $6.17 during mid-day trading on Friday, hitting $135.35. 1,823,252 shares of the company's stock traded hands, compared to its average volume of 5,525,972. The firm has a 50 day moving average price of $117.34 and a 200 day moving average price of $85.75. The company has a market cap of $27.42 billion, a PE ratio of 59.32 and a beta of 3.37. Carvana has a one year low of $25.09 and a one year high of $147.25. </p><p>Carvana (NYSE:CVNA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The company reported ($0.41) EPS for the quarter, topping analysts' consensus estimates of ($0.76) by $0.35. The firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $2.72 billion. On average, analysts expect that Carvana will post -0.75 earnings per share for the current fiscal year. </p><h2>Insider Buying and Selling at Carvana</h2><ul><li>Advance Auto Parts Pivots Strategy to Compete with Rivals</li></ul><p>In other Carvana news, major shareholder Ernest C. Garcia II sold 50,000 shares of the business's stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $80.09, for a total value of $4,004,500.00. Following the transaction, the insider now owns 3,262,500 shares in the company, valued at $261,293,625. The sale was disclosed in a filing with the Securities &amp; Exchange Commission, which is accessible through the SEC website. In other news, major shareholder Ernest C. Garcia II sold 50,000 shares of the company's stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $80.09, for a total transaction of $4,004,500.00. Following the completion of the sale, the insider now owns 3,262,500 shares in the company, valued at approximately $261,293,625. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Paul W. Breaux sold 15,000 shares of the company's stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $145.00, for a total value of $2,175,000.00. Following the sale, the insider now owns 114,124 shares of the company's stock, valued at approximately $16,547,980. The disclosure for this sale can be found here. Insiders have sold 2,376,446 shares of company stock worth $274,746,431 over the last 90 days. 17.12% of the stock is currently owned by corporate insiders. </p><h2>Institutional Trading of Carvana</h2><p>Large investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD lifted its position in shares of Carvana by 39.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,459,065 shares of the company's stock worth $655,727,000 after purchasing an additional 2,112,463 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Carvana by 7.0% during the 4th quarter. Vanguard Group Inc. now owns 10,023,579 shares of the company's stock worth $530,648,000 after purchasing an additional 655,603 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Carvana during the 2nd quarter worth about $39,997,000. First Trust Advisors LP lifted its position in shares of Carvana by 17.1% during the 4th quarter. First Trust Advisors LP now owns 1,483,944 shares of the company's stock worth $78,560,000 after purchasing an additional 216,893 shares during the last quarter. Finally, Steadview Capital Management LLC lifted its position in shares of Carvana by 15.6% during the 4th quarter. Steadview Capital Management LLC now owns 876,905 shares of the company's stock worth $46,423,000 after purchasing an additional 118,500 shares during the last quarter. Institutional investors own 56.71% of the company's stock. </p><h2>About Carvana</h2> (Get Free Report)<p>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.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Carvana</li><li>Which Wall Street Analysts are the Most Accurate?</li><li>Is This Telehealth Stock a Buy After the Recent Pullback?</li><li>There Are Different Types of Stock To Invest In</li><li>Safeguard Against Credit Card Risks with This Top Financial Stock</li><li>Basic Materials Stocks Investing</li><li>Streaming Titan's Stock Ready to Hit All-Time Highs This Year</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUNWTkE?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUNWTkE"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. 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MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Carvana wasn't on the list.</p><p>While Carvana currently has a &#34;Hold&#34; rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p> </div>

CVNA

<p>JPMorgan Chase & Co. raised their price target for Carvana (NYSE:CVNA) from $150 to $155, giving the company an "overweight" rating. Other research reports have also given positive ratings to the stock. Carvana's stock traded at $135.35, with a potential upside of 14.52%. The company reported better-than-expected earnings for the quarter. Insiders have been selling shares, with 17.12% of the stock currently owned by corporate insiders. Large investors have also made changes to their positions in the stock.</p>

Carvana (NYSE:CVNA) Price Target Increased to $155.00 by Analysts at JPMorgan Chase & Co.