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CVNA

Carvana

$21.80

-1.13 (-4.93%)

06:45
07/18/17
07/18
06:45
07/18/17
06:45

Carvana initiated with a Neutral at Wedbush

Wedbush analyst Seth Basham initiated Carvana with a Neutral and a $25 price target saying shares are near fair value and prefers to wait for a better entry point.

  • 08

    Aug

CVNA Carvana
$21.80

-1.13 (-4.93%)

06/21/17
BARD
06/21/17
NO CHANGE
Target $23
BARD
Outperform
Carvana price target raised to $23 from $15 at Baird
Baird analyst Colin Sebastian raised his price target on Carvana to $23 from $15 given the company's long-term growth prospects due to its technological/logistical competitive advantages and the ability to increase inventory turns by reducing supply chain efficiencies. Sebastian reiterated his Outperform rating on Carvana shares.
06/07/17
BARD
06/07/17
NO CHANGE
Target $15
BARD
Outperform
Carvana results solid as execution remains key, says Baird
Baird analyst Colin Sebastian said Carvana reported solid Q1 results in its first quarter as a public company and noted it issued stronger than expected guidance. The analyst said near-term optics are encouraging and management commentary regarding new market performance suggests the online offering is resonating with consumers. Sebastian reiterated his Outperform rating and $15 price target on Carvana shares.
06/06/17
WELS
06/06/17
NO CHANGE
WELS
Outperform
After Bloomberg story, Wells says judge Carvana on current team
After Bloomberg discovered that Carvana's largest shareholder and father of the CEO, Ernest Garcia II, has a criminal conviction tied to the savings-and-loan scandal in the 1990s, Wells Fargo analyst David Lim tells investors in a research note that the company "should be judged on the performance of the current management team." The analyst notes that his research shows there is a market for purchasing used vehicles on-line. Lim also believes Bloomberg's comparison to Beepi, which wound down earlier this year, is not fair since its concept was very different from Carvana's. The analyst keeps an Outperform rating on Carvana and believes its valuation should expand as management delivers positive results. The shares in morning trading are up 4% to $9.37.
05/23/17
05/23/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Cloudera (CLDR) was initiated with an Overweight at JPMorgan, a Buy at Stifel and Deutsche Bank, a Market Perform at JMP Securities, an Equal Weight at Morgan Stanley, and a Neutral at Citi. 2. Emerald Expositions Events (EEX) was initiated with an Outperform at RBC Capital, an Overweight at Barclays, a Buy at BofA/Merrill and Deutsche Bank, as well as a Neutral at Goldman Sachs, Credit Suisse, and Baird. 3. Zymeworks (ZYME) was initiated with an Outperform at Wells Fargo, an Overweight at Barclays, and a Buy at Canaccord. 4. Carvana (CVNA) was initiated with an Outperform at William Blair, JMP Securities, BMO Capital, Wells Fargo, and Baird, as well as a Buy at BofA/Merrill and Citi. 5. J.B. Hunt (JBHT) initiated with an Overweight at JPMorgan. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

TYPE

Monotype Imaging

$18.45

-0.35 (-1.86%)

07:02
07/28/17
07/28
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Earnings
Monotype Imaging sees Q3 adjusted EPS 12c-16c, consensus 16c »

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  • 28

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LAD

Lithia Motors

$100.05

-0.08 (-0.08%)

07:02
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CMS

CMS Energy

$46.89

0.36 (0.77%)

07:02
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Earnings
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  • 28

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AAN

Aaron's

$40.62

0.88 (2.21%)

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Aaron's acquires SEI/Aaron's franchisee for $140M »

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  • 28

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HRC

Hill-Rom

$79.70

-2.88 (-3.49%)

07:02
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Earnings
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  • 28

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TYPE

Monotype Imaging

$18.45

-0.35 (-1.86%)

07:02
07/28/17
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Earnings
Monotype Imaging reports Q2 adjusted EPS 8c, consensus 9c »

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  • 28

    Jul

CMS

CMS Energy

$46.89

0.36 (0.77%)

07:01
07/28/17
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07:01
Earnings
CMS Energy reports Q2 EPS 33c, consensus 39c »

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  • 28

    Jul

HTBK

Heritage Commerce

$13.85

-0.14 (-1.00%)

07:01
07/28/17
07/28
07:01
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07:01
Recommendations
Heritage Commerce analyst commentary  »

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  • 01

    Aug

JPM

JPMorgan

$91.55

-0.38 (-0.41%)

07:00
07/28/17
07/28
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Hot Stocks
JPMorgan says to be 100% reliant on renewable energy by 2020 »

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  • 12

    Oct

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HRC

Hill-Rom

$79.70

-2.88 (-3.49%)

07:00
07/28/17
07/28
07:00
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07:00
Earnings
Hill-Rom reports Q3 adj. EPS 91c, consensus 91c »

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  • 28

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CFX

Colfax

$40.83

-0.12 (-0.29%)

07:00
07/28/17
07/28
07:00
07/28/17
07:00
Earnings
Colfax raises FY17 adjusted EPS view to $1.65-$1.75 from $1.60-$1.75 

Consensus $1.73.

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  • 28

    Jul

CFX

Colfax

$40.83

-0.12 (-0.29%)

07:00
07/28/17
07/28
07:00
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Earnings
Colfax reports Q2 adjusted EPS 43c, consensus 43c »

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  • 28

    Jul

DVAX

Dynavax

$9.25

-1.15 (-11.06%)

07:00
07/28/17
07/28
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07:00
Hot Stocks
Breaking Hot Stocks news story on Dynavax »

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  • 28

    Jul

  • 31

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  • 10

    Aug

EA

Electronic Arts

$117.60

-0.4 (-0.34%)

07:00
07/28/17
07/28
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07:00
Recommendations
Electronic Arts analyst commentary  »

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  • 03

    Aug

UFS

Domtar

$38.49

0.06 (0.16%)

06:59
07/28/17
07/28
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Earnings
Domtar reports Q2 EPS 61c, consensus 55c »

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FCAU

Fiat Chrysler

$11.83

-0.07 (-0.59%)

06:59
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Periodicals
Fiat Chrysler's Maserati to launch electric model after 2019, WSJ reports »

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VLP

Valero Energy Partners

$45.16

-0.57 (-1.25%)

06:57
07/28/17
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Earnings
Valero Energy Partners reports Q2 EPS 69c, consensus 75c »

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  • 28

    Jul

ZBH

Zimmer Biomet

$125.44

-3.26 (-2.53%)

06:56
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Downgrade
Zimmer Biomet rating change  »

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  • 10

    Aug

JCI

Johnson Controls

$40.14

-3.18 (-7.34%)

06:56
07/28/17
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Downgrade
Johnson Controls rating change  »

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  • 06

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    Aug

X

U.S. Steel

$25.00

-1.2 (-4.58%)

06:56
07/28/17
07/28
06:56
07/28/17
06:56
Downgrade
U.S. Steel rating change  »

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MRK

Merck

$63.69

1.89 (3.06%)

06:53
07/28/17
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06:53
Hot Stocks
Breaking Hot Stocks news story on Merck »

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  • 28

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  • 22

    Sep

VC

Visteon

$111.53

1.56 (1.42%)

06:53
07/28/17
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Downgrade
Visteon rating change  »

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QEP

QEP Resources

$7.93

-1.34 (-14.46%)

06:53
07/28/17
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Downgrade
QEP Resources rating change  »

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  • 14

    Aug

MRK

Merck

$63.69

1.89 (3.06%)

06:52
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Hot Stocks
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  • 28

    Jul

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  • 22

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PLT

Plantronics

$53.65

0.15 (0.28%)

06:51
07/28/17
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Downgrade
Plantronics rating change  »

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  • 28

    Sep

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