Carvana (CVNA) to Release Earnings on Wednesday

Carvana (NYSE:CVNA - Get Free Report) is expected to post its quarterly earnings results after the market closes on Wednesday, February 19th. Analysts expect Carvana to post earnings of $0.29 per share and revenue of $3.32 billion for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

Carvana Stock Up 4.9 %

CVNA stock traded up $13.22 during midday trading on Friday, hitting $285.62. The company's stock had a trading volume of 3,941,997 shares, compared to its average volume of 2,519,753. The company has a market cap of $59.30 billion, a PE ratio of 28,590.19 and a beta of 3.37. Carvana has a 12 month low of $48.15 and a 12 month high of $286.38. The company has a current ratio of 3.25, a quick ratio of 2.12 and a debt-to-equity ratio of 18.99. The firm's 50-day moving average is $232.45 and its 200-day moving average is $203.86.

Insider Activity at Carvana

In related news, insider Daniel J. Gill sold 44,000 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $259.47, for a total value of $11,416,680.00. Following the sale, the insider now directly owns 191,225 shares of the company's stock, valued at $49,617,150.75. This represents a 18.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Paul W. Breaux sold 1,362 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $270.08, for a total transaction of $367,848.96. Following the completion of the sale, the insider now directly owns 153,240 shares in the company, valued at $41,387,059.20. This trade represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 125,207 shares of company stock valued at $31,110,504. Insiders own 17.12% of the company's stock.

Wall Street Analyst Weigh In

CVNA has been the subject of a number of research reports. Piper Sandler boosted their target price on shares of Carvana from $151.00 to $225.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. Needham & Company LLC restated a "buy" rating and issued a $330.00 price objective on shares of Carvana in a research note on Tuesday, January 7th. Jefferies Financial Group increased their price target on Carvana from $150.00 to $185.00 and gave the stock a "hold" rating in a research note on Tuesday, October 22nd. Royal Bank of Canada raised shares of Carvana from a "sector perform" rating to an "outperform" rating and increased their price objective for the company from $270.00 to $280.00 in a report on Tuesday, January 7th. Finally, Wells Fargo & Company dropped their price objective on shares of Carvana from $300.00 to $275.00 and set an "overweight" rating for the company in a report on Monday, January 6th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $249.29.

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.