Carvana Co (CVNA) Receives a Buy from RBC Capital

Business Insider

a day ago

RBC Capital analyst Brad Erickson maintained a Buy rating on Carvana Co (CVNA – Research Report) on June 9 and set a price target of $400.00. The company's shares closed yesterday at $340.32.
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Erickson covers the Communication Services sector, focusing on stocks such as Alphabet Class A, Zillow Group Class A, and Meta Platforms. According to TipRanks, Erickson has an average return of 20.1% and a 56.91% success rate on recommended stocks.
In addition to RBC Capital, Carvana Co also received a Buy from Bank of America Securities's Mike McGovern in a report issued on June 10. However, on June 5, Jefferies maintained a Hold rating on Carvana Co (NYSE: CVNA).
CVNA market cap is currently $72.49B and has a P/E ratio of 118.51.
Based on the recent corporate insider activity of 287 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. Earlier this month, MARK W. JENKINS, the CFO of CVNA bought 20,000.00 shares for a total of $6,628,800.00.