Carvana (CVNA) to Release Quarterly Earnings on Wednesday

Carvana (NYSE:CVNA - Get Free Report) will be announcing its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of ($0.80) per share for the quarter. Investors interested in registering for the company's conference call can do so using this link.

Carvana (NYSE:CVNA - Get Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The company reported ($1.00) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.95) by ($0.05). The company had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the prior year, the company posted ($0.97) earnings per share. The company's quarterly revenue was down 14.6% on a year-over-year basis. On average, analysts expect Carvana to post $-3 EPS for the current fiscal year and $-3 EPS for the next fiscal year.

Carvana Stock Down 0.5 %

NYSE CVNA traded down $0.35 during trading hours on Wednesday, hitting $75.27. The company had a trading volume of 2,856,920 shares, compared to its average volume of 6,068,547. Carvana has a fifty-two week low of $6.70 and a fifty-two week high of $94.04. The business has a fifty day simple moving average of $76.43 and a 200-day simple moving average of $53.22. The firm has a market cap of $15.20 billion, a P/E ratio of 139.39 and a beta of 3.32.

Insider Activity at Carvana

In related news, insider Paul W. Breaux sold 15,000 shares of the firm's stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $69.00, for a total transaction of $1,035,000.00. Following the completion of the transaction, the insider now owns 150,126 shares of the company's stock, valued at $10,358,694. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Ernest C. Garcia III sold 9,390 shares of the company's stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $82.83, for a total transaction of $777,773.70. Following the completion of the sale, the chief executive officer now directly owns 861,458 shares of the company's stock, valued at $71,354,566.14. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Paul W. Breaux sold 15,000 shares of the company's stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $69.00, for a total value of $1,035,000.00. Following the sale, the insider now directly owns 150,126 shares of the company's stock, valued at $10,358,694. The disclosure for this sale can be found here. Insiders sold 187,883 shares of company stock valued at $15,505,178 over the last 90 days. 17.18% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Jefferies Financial Group raised Carvana from an "underperform" rating to a "hold" rating and increased their target price for the stock from $30.00 to $85.00 in a research report on Tuesday, March 12th. Robert W. Baird increased their price target on Carvana from $60.00 to $65.00 and gave the stock a "neutral" rating in a research note on Friday, April 19th. Raymond James raised Carvana from an "underperform" rating to a "market perform" rating in a research note on Friday, February 23rd. Royal Bank of Canada raised Carvana from an "underperform" rating to a "sector perform" rating and increased their price target for the stock from $45.00 to $90.00 in a research note on Friday, March 8th. Finally, JPMorgan Chase & Co. increased their price target on Carvana from $65.00 to $70.00 and gave the stock a "neutral" rating in a research note on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $53.87.

Carvana Company Profile

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.