Carvana (CVNA) to Release Quarterly Earnings on Wednesday

Carvana (NYSE:CVNA - Get Free Report) is expected to be issuing its Q1 2025 quarterly earnings data after the market closes on Wednesday, May 7th. Analysts expect the company to announce earnings of $0.69 per share and revenue of $3.94 billion for the quarter.

Carvana (NYSE:CVNA - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.27. The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.32 billion. Carvana had a return on equity of 36.59% and a net margin of 1.54%. On average, analysts expect Carvana to post $3 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Carvana Stock Up 2.1 %

NYSE CVNA traded up $5.32 during trading on Friday, hitting $257.19. The company's stock had a trading volume of 2,196,445 shares, compared to its average volume of 3,911,605. Carvana has a fifty-two week low of $97.55 and a fifty-two week high of $292.84. The company has a debt-to-equity ratio of 3.82, a current ratio of 3.64 and a quick ratio of 2.12. The company has a market cap of $54.82 billion, a PE ratio of 163.82 and a beta of 3.61. The business's 50 day simple moving average is $205.81 and its 200-day simple moving average is $224.49.

Wall Street Analyst Weigh In

CVNA has been the subject of several analyst reports. Morgan Stanley upgraded shares of Carvana from an "underweight" rating to an "overweight" rating in a research note on Monday, March 31st. JPMorgan Chase & Co. lowered their price objective on Carvana from $365.00 to $325.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Wedbush set a $250.00 target price on Carvana and gave the company a "neutral" rating in a report on Wednesday, February 19th. Robert W. Baird decreased their target price on Carvana from $250.00 to $200.00 and set a "neutral" rating on the stock in a research report on Friday, April 4th. Finally, Wells Fargo & Company dropped their price target on Carvana from $310.00 to $290.00 and set an "overweight" rating for the company in a research report on Monday. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $254.76.

Insider Buying and Selling

In other Carvana news, COO Benjamin E. Huston sold 50,000 shares of Carvana stock in a transaction dated 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 completion of the sale, the chief operating officer now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Mark W. Jenkins sold 10,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $250.12, for a total value of $2,501,200.00. Following the completion of the transaction, the chief financial officer now owns 219,962 shares in the company, valued at approximately $55,016,895.44. The trade was a 4.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 330,810 shares of company stock worth $69,243,820 over the last 90 days. 17.12% of the stock is owned by insiders.

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.