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CVNA

Carvana

$36.81

2.665 (7.80%)

07:19
01/14/19
01/14
07:19
01/14/19
07:19

Carvana initiated with an Underweight at Morgan Stanley

Morgan Stanley analyst Armintas Sinkevicius initiated Carvana with an Underweight rating and $23 price target, stating that while he is constructive on the company's opportunity to disrupt the used car dealership model, he also believes that consensus estimates are too high as he sees the consensus view being "overly optimistic" about the pace at which its business can scale. Much of the growth for Carvana has come from market expansion, where Sinkevicius sees limited opportunity going forward, he tells investors. The analyst notes that his estimate for Carvana's 2023 EBITDA is over 50% below consensus.

  • 15

    Jan

  • 15

    Jan

CVNA Carvana
$36.81

2.665 (7.80%)

12/07/18
SBSH
12/07/18
INITIATION
Target $55
SBSH
Buy
Carvana re-initiated with a Buy at Citi
Citi analyst Nicholas Jones re-initiated Carvana with a Buy rating and $55 price target.
12/07/18
WELS
12/07/18
NO CHANGE
Target $72
WELS
Outperform
Carvana long-term outlook intact, CarMax pilot 'a validation,' says Wells Fargo
Wells Fargo analyst Zachary Fadem attributed last week's volatility in Carvana (CVNA) shares to a lack of near-term catalysts coming out of its analyst day, investor concerns around Q4 volumes and the announcement that CarMax (KMX) is expanding its Omnichannel pilot in Atlanta. However, after hosting Carvana's VP of Investor Relations at the firm's Technology Summit, Fadem said he remains constructive on the long-term outlook and views the stock among the most compelling growth stories across his retail hardlines coverage. While CarMax's announcement "comes with understandable concern," Fadem views it as "a validation" of the Carvana model and sees Carvana's first mover advantage, customer-centric model and nation-wide network as competitive advantages. He maintains an Outperform rating and $72 price target on Carvana shares.
12/07/18
SBSH
12/07/18
INITIATION
Target $70
SBSH
Buy
Citi calls Etsy and Carvana favorites in Specialty Internet
Citi analyst Nicholas Jones initiated coverage of both Etsy (ETSY) and Carvana (CVNA) with Buy ratings and price targets of $70 and $55, respectively. Carvana and Etsy are the analyst's favorites of the Specialty Internet companies.
12/19/18
RBCM
12/19/18
NO CHANGE
Target $67
RBCM
Outperform
CarMax price target lowered to $67 from $75 at RBC Capital
RBC Capital analyst Scot Ciccarelli lowered his price target on CarMax (KMX) to $67 to reflect its continued revenue growth headwinds driven by the high number of used vehicle sales, growing online competition, and less competitive pricing at CarGurus (CARG). The analyst also keeps his Outperform rating on the CarMax shares however, anticipating used car sales prices to "normalize" and for the company's new digital rollout to "level the field against Carvana (CVNA)." Ciccarelli is also positive on the "easy comparisons and a fairly inexpensive valuation" further supporting shares of CarMax.

TODAY'S FREE FLY STORIES

TSLA

Tesla

$302.26

-45.18 (-13.00%)

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CAC

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CIEN

Ciena

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TI

Telecom Italia

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BPL

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COCP

Cocrystal Pharma

$3.90

0.02 (0.52%)

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MOGO

Mogo Finance

$2.19

-0.12 (-5.19%)

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BJ

BJ's Wholesale

$24.59

0.14 (0.57%)

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  • 03

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EBAY

eBay

$31.00

0.62 (2.04%)

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  • 03

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MCO

Moody's

$159.39

1.62 (1.03%)

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LXP

Lexington Realty

$9.01

0.01 (0.11%)

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HOMB

Home Bancshares

$18.05

0.54 (3.08%)

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HK

Halcon Resources

$1.91

0.07 (3.80%)

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HighPoint Resources

$3.14

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LIVX

LiveXLive Media

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BIDU

Baidu

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3.46 (2.06%)

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IDXX

Idexx Laboratories

$200.85

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, PDCO

Patterson Companies

$22.28

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IDXX

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$22.28

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PETQ

PetIQ

$27.74

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PETX

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TRUP

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ZTS

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$84.62

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  • 22

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PETQ

PetIQ

$27.74

-0.3 (-1.07%)

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$0.00

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BAYRY

Bayer

$0.00

(0.00%)

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  • 22

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ERJ

Embraer

$21.02

-0.79 (-3.62%)

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PETS

PetMed Express

$23.45

-0.27 (-1.14%)

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  • 22

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HBAN

Huntington Bancshares

$13.60

0.24 (1.80%)

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  • 24

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BABA

Alibaba

$157.04

1.04 (0.67%)

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