BMO Capital Reiterates Their Hold Rating on Carvana Co

By Ryan Adsit

In a report released today, Daniel Salmon from BMO Capital reiterated a Hold rating on Carvana Co (NYSE: CVNA), with a price target of $23. The company’s shares closed on Friday at $23.40, close to its 52-week high of $25.22.

According to, Salmon is a 5-star analyst with an average return of 16.7% and a 68.8% success rate. Salmon covers the Services sector, focusing on stocks such as Interpublic Group of Companies, Nielsen Holdings, and 21st Century Fox.

Carvana Co has an analyst consensus of Moderate Buy, with a price target consensus of $19.67.

Based on Carvana Co’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $265 million and GAAP net loss of $5.48 million. In comparison, last year the company earned revenue of $159 million and had a GAAP net loss of $38.44 million.

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Carvana Co. is a holding company and an eCommerce platform, which engages in the buying of used cars and provision of different and convenient car buying experience. It operates through the following segments: Vehicle Sales; Wholesale Vehicle Sales; and Other Sales and Revenue. The Vehicle Sales segment consists of used vehicle to customers through website.