Carvana (CVNA) to Release Earnings on Wednesday

Carvana (NYSE:CVNA - Get Free Report) is projected to release its Q1 2025 earnings data after the market closes on Wednesday, May 7th. Analysts expect Carvana to post earnings of $0.75 per share and revenue of $3.94 billion for the quarter.

Carvana (NYSE:CVNA - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.76. Carvana had a net margin of 1.54% and a return on equity of 36.59%. The company's revenue was up 38.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.23 EPS. On average, analysts expect Carvana to post $3 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Carvana Trading Down 0.1 %

CVNA traded down $0.37 on Wednesday, hitting $258.44. The company had a trading volume of 5,546,972 shares, compared to its average volume of 3,873,230. The company has a current ratio of 3.64, a quick ratio of 2.12 and a debt-to-equity ratio of 3.82. The firm has a market cap of $55.09 billion, a P/E ratio of 164.61 and a beta of 3.61. The company's fifty day moving average price is $207.56 and its 200 day moving average price is $225.87. Carvana has a 1 year low of $97.55 and a 1 year high of $292.84.

Insider Buying and Selling

In related news, CFO Mark W. Jenkins sold 12,750 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $253.20, for a total transaction of $3,228,300.00. Following the completion of the sale, the chief financial officer now directly owns 213,459 shares of the company's stock, valued at approximately $54,047,818.80. This represents a 5.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Benjamin E. Huston sold 50,000 shares of the stock in a transaction on Monday, April 7th. The stock was sold at an average price of $150.90, for a total transaction of $7,545,000.00. Following the transaction, the chief operating officer now owns 123,803 shares of the company's stock, valued at $18,681,872.70. The trade was a 28.77 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 348,560 shares of company stock valued at $73,806,520. 17.12% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on CVNA shares. Robert W. Baird decreased their price objective on shares of Carvana from $250.00 to $200.00 and set a "neutral" rating for the company in a research note on Friday, April 4th. Bank of America dropped their target price on Carvana from $270.00 to $220.00 and set a "buy" rating on the stock in a research report on Friday, March 14th. Evercore ISI reduced their price objective on shares of Carvana from $250.00 to $240.00 and set an "in-line" rating for the company in a research note on Tuesday, March 11th. Morgan Stanley raised Carvana from an "underweight" rating to an "overweight" rating in a research note on Monday, March 31st. Finally, Wedbush set a $250.00 price target on Carvana and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $254.76.

About Carvana

Carvana Co, together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States. Its platform allows customers to research and identify a vehicle; inspect it using company's 360-degree vehicle imaging technology; obtain financing and warranty coverage; purchase the vehicle; and schedule delivery or pick-up from their desktop or mobile devices.