Barclays Sticks to Their Buy Rating for Carvana Co (CVNA)

Barclays analyst John Babcock maintained a Buy rating on Carvana Co today and set a price target of $430.00.

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According to TipRanks, Babcock is a 4-star analyst with an average return of 10.1% and a 45.92% success rate. Babcock covers the Consumer Cyclical sector, focusing on stocks such as OPENLANE, CarMax, and Lithia Motors.

In addition to Barclays, Carvana Co also received a Buy from TipRanks – PerPlexity’s PerPlexity Auto – Dealerships in a report issued on April 1. However, yesterday, Bank of America Securities downgraded Carvana Co (NYSE: CVNA) to a Hold.

Based on Carvana Co’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $5.6 billion and a net profit of $857 million. In comparison, last year the company earned a revenue of $3.55 billion and had a net profit of $79 million

Based on the recent corporate insider activity of 370 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. Last month, J DANFORTH QUAYLE, a Director at CVNA sold 2,900.00 shares for a total of $898,913.00.