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After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
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Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
A coal mine fire in southern China's Guizhou province kills 16 people
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QQQ   357.91
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High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
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After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
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Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
A coal mine fire in southern China's Guizhou province kills 16 people
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DOW   33,963.84
QQQ   357.91
MILAN FASHION PHOTOS: Naomi Campbell stuns at Dolce&Gabbana in collection highlighting lingerie
His system isolated NVIDIA - Here's His Next Buy. (Ad)
Minnesota's would-be head of cannabis regulation quits amid reports she sold illegal products
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
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After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
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Lowest-Rated StocksLowest-Rated
NYSE:CVNA

Carvana (CVNA) Stock Forecast, Price & News

$41.99
-0.91 (-2.12%)
(As of 09/22/2023 ET)
Compare
Today's Range
$41.97
▼
$45.37
50-Day Range
$36.53
▼
$55.91
52-Week Range
$3.55
▼
$57.19
Volume
7.88 million shs
Average Volume
10.54 million shs
Market Capitalization
$7.95 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$39.78
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

Carvana MarketRank™ Forecast

Analyst Rating
Reduce
1.81 Rating Score
Upside/​Downside
5.3% Downside
$39.78 Price Target
Short Interest
Healthy
17.94% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-2.66
Upright™ Environmental Score
News Sentiment
0.36mentions of Carvana in the last 14 days
Based on 21 Articles This Week
Insider Trading
Selling Shares
$980,000 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($3.74) to ($2.68) Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.58 out of 5 stars

Retail/Wholesale Sector

180th out of 208 stocks

Automotive Dealers & Gasoline Service Stations Industry

11th out of 20 stocks

See Top Rated MarketRank™ Stocks Here

CVNA stock logo

About Carvana (NYSE:CVNA) Stock

Carvana Co. was founded in 2012 by Ernest Garcia and two partners. Today Carvana is a leading used-car dealer nationwide, the fastest growing in the US and well-known for its chain of used car vending machines. The vending machines allow pre-approved buyers to pick up their purchases at one of 32 locations nationwide. Other buyers can have their vehicles delivered directly to their door or to a location of their choice. Ernest Garcia III remains as CEO as of 2022. He and his father, Ernest Garcia II, are among the company’s largest shareholders.

The company operates an e-commerce platform that provides an end-to-end car buying experience without the hassles of dealers or dealerships. The platform can offer no-haggle pricing by leveraging its database of used vehicles and readily available data for local car markets. Buyers can search for and find vehicles, view them using the website's propriety technology, obtain financing and even register their new car or get insurance.

The company’s rise to fame was meteoric. The first vending machine was launched in 2013, leading to the brand's rapid expansion. The 1st fully-automated vending machine was opened in 2015 and then later, in 2017, the company held its initial public offering. The company IPOd on the New York Stock Exchange and saw its share price quickly double, triple, and quadruple as used-car trends and growing brand recognition boosted sales.

The post-IPO years included major acquisitions, including vehicle-data company Carlypso and imaging firm Car360, which greatly enhanced the website and car-buying experience. In 2020, with the onset of the COVID-19 pandemic, the company initiated touchless delivery that allowed consumers to receive their vehicles with minimal interaction. Consumers can also sell their used cars to the company in exchange for cash or trade value. The trade-in business is a source of products for the company and is a key to its success.

All Carvana used cars are inspected a reconditioned by a team of industry professionals. They have no reported fire, frame or flood damage and are certified by CARFAX and AutoCheck data. Once purchased, consumers have 7 days to test drive and return the vehicle with no charge. The total number of retail units sold in F2021 topped 425,000 and resulted in $12.84 billion in revenue, or a growth of 129%. Cars that don’t make the cut are sold off through the wholesale unit, which is a significant portion of the business. The company has a presence in 47 contiguous US states and is planning to deepen and expand its coverage.

Legal issues began to mount in 2021 when the first of several states filed suit against the company. Among the complaints were a failure to properly register vehicles and deliver paperwork to consumers among other violations of state and local car-buying regulations. The suits have resulted in a number of states banning the company from operating, some indefinitely.



CVNA Price History

CVNA Stock News Headlines

September 8, 2023 | marketbeat.com
3 Stocks with Exposure to the Multibillion Dollar Pickleball Boom (CVNA)
These three companies have significant exposure to a pickleball-related market that is forecast to grow 10% annually and reach $2.3 billion by 2028.
August 29, 2023 | marketbeat.com
8 Best Meme Stocks to Buy Now
Meme stocks took the investing world by storm in 2021, but is it still beneficial to invest meme stocks now? Learn about the best meme stocks to buy now.
September 24, 2023 | Chaikin Analytics (Ad)
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
August 29, 2023 | marketbeat.com
The Next Meme Stock: 6 Tickers Leading a Meme Stock Revival (CVNA)
Meme stocks soared during the early days of the pandemic. Will these stocks form a major meme stock rally or a short-lived farewell tour? Learn more.
September 23, 2023 | finance.yahoo.com
Here's My Top Growth Stock to Avoid in 2023
September 21, 2023 | markets.businessinsider.com
Carvana Stock (NYSE:CVNA): A Potential Auto Workers’ Strike Winner
September 21, 2023 | finance.yahoo.com
Why Carvana Stock Was Falling This Week
September 21, 2023 | americanbankingnews.com
Carvana Co. (NYSE:CVNA) Forecasted to Post Q3 2023 Earnings of ($0.60) Per Share
September 24, 2023 | Stansberry Research (Ad)
New gold-backed currency could kill the Dollar
Rumors are circulating of a new currency that will be backed by gold. A huge story, if true. And while it’s impossible to know how it will pan out, there’s one important move you should make right now, before this happens. It’s the best way to protect your wealth today. Because if you’re not careful, YOU could be the one who pays the price
September 19, 2023 | benzinga.com
What's Going On With Carvana Shares?
September 19, 2023 | americanbankingnews.com
Carvana (NYSE:CVNA) Upgraded to Neutral at Wedbush
September 19, 2023 | msn.com
Wedbush Upgrades Carvana Co. - (CVNA)
September 18, 2023 | in.investing.com
Carvana has near-term upside, but long term 'uninviting' - Wedbush
September 18, 2023 | markets.businessinsider.com
This Carvana Analyst Believes There Is Near-Term Upside Amid Auto Workers Strike
September 18, 2023 | msn.com
Carvana rises as Wedbush upgrades stock
September 18, 2023 | msn.com
Carvana (NYSE:CVNA) Loses Lead as Wedbush Hype Falls Flat
September 18, 2023 | cnbc.com
Here are Monday's biggest analyst calls: Arm, Carvana, Disney, Apple, Tesla, Skechers, Netflix & more
September 18, 2023 | msn.com
Carvana to See Potential Short-Term Upside on Improving Profitability, Wedbush Says
September 18, 2023 | investorplace.com
Carvana Stock: Accelerate Slowly and Carefully With This One
September 18, 2023 | americanbankingnews.com
Carvana Co. (NYSE:CVNA) Receives Average Recommendation of "Reduce" from Analysts
September 17, 2023 | americanbankingnews.com
Carvana (NYSE:CVNA) Shares Down 5.6%
September 15, 2023 | benzinga.com
Why Carvana Stock Is Moving Today
September 15, 2023 | msn.com
Carvana: Potential Catalyst Ahead
September 15, 2023 | markets.businessinsider.com
Carvana (NYSE:CVNA): What’s Ahead for this Buzzing Reddit Stock after a Massive Rally?
September 15, 2023 | msn.com
Carvana, ARM, Ford, MGM Resorts, Tesla: Why These Five Stocks Are Trending Today
September 14, 2023 | finance.yahoo.com
Carvana Co (CVNA): A Deep Dive into Its Performance Potential
September 14, 2023 | seekingalpha.com
Carvana: Short Squeeze Alert
See More Headlines
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CVNA Company Calendar

Last Earnings
7/19/2023
Today
9/24/2023
Next Earnings (Estimated)
11/02/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Automotive dealers & gasoline service stations
Sub-Industry
N/A
Sector
Retail/Wholesale
Current Symbol
NYSE:CVNA
Previous Symbol
NASDAQ:CVNA
CUSIP
N/A
CIK
1690820
Web
www.carvana.com
Phone
(602) 852-6604
Fax
N/A
Employees
16,600
Year Founded
2012

Price Target and Rating

Average Stock Price Forecast
$39.78
High Stock Price Forecast
$60.00
Low Stock Price Forecast
$11.00
Forecasted Upside/Downside
-5.3%
Consensus Rating
Reduce
Rating Score (0-4)
1.81
Research Coverage
21 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($12.34)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$-1,587,000,000.00
Net Margins
-11.08%
Pretax Margin
-19.85%
Return on Equity
-1,491.81%
Return on Assets
-6.94%

Debt

Debt-to-Equity Ratio
N/A
Current Ratio
1.80
Quick Ratio
1.20

Sales & Book Value

Annual Sales
$13.60 billion
Price / Sales
0.58
Cash Flow
$1.39 per share
Price / Cash Flow
30.26
Book Value
($5.57) per share
Price / Book
-7.54

Miscellaneous

Outstanding Shares
189,440,000
Free Float
157,011,000
Market Cap
$7.95 billion
Optionable
Optionable
Beta
3.09

Social Links

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Key Executives

  • Mr. Ernest C. Garcia IIIMr. Ernest C. Garcia III (Age 40)
    Co-Founder, Pres, CEO & Chairman
  • Mr. Benjamin HustonMr. Benjamin Huston (Age 40)
    Co-Founder & COO
    Comp: $340.49k
  • Mr. Mark JenkinsMr. Mark Jenkins (Age 44)
    Chief Financial Officer
    Comp: $341.39k
  • Mr. Daniel GillMr. Daniel Gill (Age 40)
    Chief Product Officer
    Comp: $290.87k
  • Mr. Thomas TairaMr. Thomas Taira (Age 52)
    Pres of Special Projects
    Comp: $1.06M
  • Mr. Ryan S. KeetonMr. Ryan S. Keeton (Age 45)
    Co-Founder & Chief Brand Officer
  • Mr. Stephen R. PalmerMr. Stephen R. Palmer (Age 45)
    VP of Accounting & Fin.
  • Mr. Michael Louis Levin C.F.A.
    VP of Investor Relations
  • Mr. Paul BreauxMr. Paul Breaux (Age 39)
    VP, Gen. Counsel & Sec.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













CVNA Stock - Frequently Asked Questions

Should I buy or sell Carvana stock right now?

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Carvana in the last twelve months. There are currently 5 sell ratings, 15 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "reduce" CVNA shares.
View CVNA analyst ratings or view top-rated stocks.

What is Carvana's stock price forecast for 2023?

21 analysts have issued twelve-month price objectives for Carvana's stock. Their CVNA share price forecasts range from $11.00 to $60.00. On average, they expect the company's stock price to reach $39.78 in the next year. This suggests that the stock has a possible downside of 5.3%.
View analysts price targets for CVNA or view top-rated stocks among Wall Street analysts.

How have CVNA shares performed in 2023?

Carvana's stock was trading at $4.74 at the beginning of 2023. Since then, CVNA shares have increased by 785.9% and is now trading at $41.99.
View the best growth stocks for 2023 here.

When is Carvana's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our CVNA earnings forecast.

How were Carvana's earnings last quarter?

Carvana Co. (NYSE:CVNA) posted its quarterly earnings results on Wednesday, July, 19th. The company reported ($0.55) earnings per share for the quarter, topping analysts' consensus estimates of ($1.20) by $0.65. The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.62 billion. Carvana had a negative net margin of 11.08% and a negative trailing twelve-month return on equity of 1,491.81%.

What ETFs hold Carvana's stock?

ETFs with the largest weight of Carvana (NYSE:CVNA) stock in their portfolio include Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (PEZ), ProShares Online Retail ETF (ONLN), Amplify Online Retail ETF (IBUY), Roundhill MEME ETF (MEME), ProShares Long Online/Short Stores ETF (CLIX), Long Cramer ETF (LJIM), SPDR S&P Retail ETF (XRT) and Direxion Daily Retail Bull 3X Shares (RETL).

What is Ernie Garcia's approval rating as Carvana's CEO?

318 employees have rated Carvana Chief Executive Officer Ernie Garcia on Glassdoor.com. Ernie Garcia has an approval rating of 78% among the company's employees.

What other stocks do shareholders of Carvana own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Carvana investors own include NVIDIA (NVDA), Tesla (TSLA), Micron Technology (MU), PayPal (PYPL), Advanced Micro Devices (AMD), Bank of America (BAC), Alibaba Group (BABA), Salesforce (CRM), Block (SQ) and Walt Disney (DIS).

When did Carvana IPO?

(CVNA) raised $225 million in an initial public offering on Friday, April 28th 2017. The company issued 15,000,000 shares at $14.00-$16.00 per share. Wells Fargo Securities, BofA Merrill Lynch, Citigroup and Deutsche Bank Securities served as the underwriters for the IPO and Baird, William Blair, BMO Capital Markets and JMP Securities were co-managers.

What is Carvana's stock symbol?

Carvana trades on the New York Stock Exchange (NYSE) under the ticker symbol "CVNA."

Who are Carvana's major shareholders?

Carvana's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (1.62%), State Street Corp (1.28%), Geode Capital Management LLC (1.00%), Citadel Advisors LLC (0.00%), Northern Trust Corp (0.47%) and Chanos & Co LP (0.00%). Insiders that own company stock include Alan J Stock, Benjamin E Huston, Benjamin E Huston, Daniel J Gill, Ernest C Garcia II, Ernest C Garcia II, Ernest C Garcia III, Gregory B Sullivan, J Danforth Quayle, Jeffrey Zwelling, Jonathan F Foster, Mark W Jenkins, Mark W Jenkins, Michael E Maroone, Neha Parikh, Paul Beldin, Paul W Breaux, Paul W Breaux, Robert J Traube, Ryan S Keeton, Ryan S Keeton, Stephen R Palmer, Thomas Taira and Timothy H Young.
View institutional ownership trends.

How do I buy shares of Carvana?

Shares of CVNA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Carvana's stock price today?

One share of CVNA stock can currently be purchased for approximately $41.99.

How much money does Carvana make?

Carvana (NYSE:CVNA) has a market capitalization of $7.95 billion and generates $13.60 billion in revenue each year. The company earns $-1,587,000,000.00 in net income (profit) each year or ($12.34) on an earnings per share basis.

How many employees does Carvana have?

The company employs 16,600 workers across the globe.

How can I contact Carvana?

Carvana's mailing address is 1930 WEST RIO SALADO PARKWAY, TEMPE AZ, 85281. The official website for the company is www.carvana.com. The company can be reached via phone at (602) 852-6604 or via email at investors@carvana.com.

This page (NYSE:CVNA) was last updated on 9/24/2023 by MarketBeat.com Staff

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