Carvana (CVNA) Hit With “Neutral” Rating From Wedbush, Analysts Expect $25 Stock Price

July 18, 2017 - By Vivian Currie

 Carvana (CVNA) Hit With

Why Has Wedbush Given Carvana (CVNA) a $25 Price Target

In a research report made public today, Wedbush analysts began Carvana (CVNA) coverage with “Neutral” rating, and a $25 target.

Carvana Co (NYSE:CVNA) Ratings Coverage

Among 10 analysts covering Carvana (CVNA), 9 have Buy rating, 0 Sell and 1 Hold. Therefore 90% are positive. Carvana has $25 highest and $1500 lowest target. $19.63’s average target is -7.05% below currents $21.12 stock price. Carvana had 15 analyst reports since May 22, 2017 according to SRatingsIntel. The rating was maintained by Wells Fargo on Tuesday, June 13 with “Buy”. The company was maintained on Wednesday, June 7 by BMO Capital Markets. The firm has “Buy” rating given on Wednesday, June 7 by Robert W. Baird. The rating was maintained by Robert W. Baird on Wednesday, June 21 with “Buy”.

About 10,601 shares traded. Carvana Co (CVNA) has 0.00% since July 18, 2016 and is . It has underperformed by 16.70% the S&P500.

Carvana Co. is an e-commerce platform for buying used cars. The company has market cap of $3.05 billion. On the Company’s platform, clients can research and identify a vehicle, inspect it using its proprietary 360-degree vehicle imaging technology, obtain financing and warranty coverage, purchase the vehicle and schedule delivery or pick-up, all from their desktop or mobile devices. It currently has negative earnings.

More news for Carvana Co (NYSE:CVNA) were recently published by: Bizjournals.com, which released: “EXCLUSIVE: See inside Carvana’s new Tempe headquarters” on July 07, 2017. Businesswire.com‘s article titled: “Carvana to Report Second Quarter 2017 Results and Host Quarterly Conference …” and published on July 17, 2017 is yet another important article.

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