NYSE:CVNA

Carvana (CVNA) Stock Forecast, Price & News

$43.93

+1.03 (+2.40%)

(As of 11:22 AM ET)

Compare

Today's Range: $42.72
▼
$45.37
50-Day Range: $36.53
▼
$55.91
52-Week Range: $3.55
▼
$57.19

Volume: 4.25 million shs
Average Volume: 23.36 million shs
Market Capitalization: $8.32 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $39.78

Carvana MarketRank™ Forecast

Analyst Rating: Reduce
1.81 Rating Score
Upside/Downside: 7.2% 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: 0.35
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

184th out of 211 stocks

Automotive Dealers & Gasoline Service Stations Industry

13th out of 20 stocks

1.9

Analyst's Opinion

Consensus Rating
Carvana has received a consensus rating of Reduce. The company's average rating score is 1.81, and is based on 1 buy rating, 15 hold ratings, and 5 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $39.78, Carvana has a forecasted downside of 7.2% from its current price of $42.88.
Amount of Analyst Coverage
Carvana has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
17.94% of the outstanding shares of Carvana have been sold short.
Short Interest Ratio / Days to Cover
Carvana has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Carvana has recently decreased by 2.19%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Carvana does not currently pay a dividend.
Dividend Growth
Carvana does not have a long track record of dividend growth.

0.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Carvana has received a -54.07% net impact score from Upright. The largest negative impact of Carvana in category "GHG emissions" seems to be driven mostly by its "Online retail of used natural gas passenger cars", "Online retail of used gasoline passenger cars", and "Online retail of used diesel passenger cars" products. See details.
Environmental Sustainability
The Environmental Impact score for Carvana is -2.66.

2.4

News and Social Media Coverage

News Sentiment
Carvana has a news sentiment score of 0.35. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.56 average news sentiment score of Retail/Wholesale companies.
News Coverage This Week
MarketBeat has tracked 21 news articles for Carvana this week, compared to 10 articles on an average week.
Search Interest
Only 59 people have searched for CVNA on MarketBeat in the last 30 days. This is a decrease of -47% compared to the previous 30 days.
MarketBeat Follows
26 people have added Carvana to their MarketBeat watchlist in the last 30 days. This is an increase of 4% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Carvana insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $980,000.00 in company stock.
Percentage Held by Insiders
17.12% of the stock of Carvana is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
56.71% of the stock of Carvana is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Carvana are expected to grow in the coming year, from ($3.74) to ($2.68) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Carvana is -3.47, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Carvana is -3.47, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

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

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September 22, 2023 | Stansberry Research (Ad)

Is NVIDIA Leading a "Magnificent Seven Bubble"?

The world’s massive tech leaders may be in a bubble, led by NVIDIA’s enormous rise this year. What happens next could affect all stocks.

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 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 19, 2023 | benzinga.com

What's Going On With Carvana Shares?

September 22, 2023 | UNKNOWN (Ad)

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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

September 14, 2023 | msn.com

Carvana: Price Too High And Short Interest Is Justified

See More Headlines

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CVNA Company Calendar

Last Earnings: 7/19/2023
Today: 9/22/2023
Next Earnings (Estimated): 11/02/2023
Fiscal Year End: 12/31/2023

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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: -7.2%
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: 0.60
Cash Flow: $1.25 per share
Price / Cash Flow: 34.23
Book Value: ($5.57) per share
Price / Book: -7.70

Miscellaneous

Outstanding Shares: 189,440,000
Free Float: 157,011,000
Market Cap: $8.12 billion
Optionable: Optionable
Beta: 3.09

Social Links

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Key Executives

Mr. Ernest C. Garcia III (Age 40)
Co-Founder, Pres, CEO & Chairman

Mr. Benjamin Huston (Age 40)
Co-Founder & COO
Comp: $340.49k

Mr. Mark Jenkins (Age 44)
Chief Financial Officer
Comp: $341.39k

Mr. Daniel Gill (Age 40)
Chief Product Officer
Comp: $290.87k

Mr. Thomas Taira (Age 52)
Pres of Special Projects
Comp: $1.06M

Mr. Ryan S. Keeton (Age 45)
Co-Founder & Chief Brand Officer

Mr. Stephen R. Palmer (Age 45)
VP of Accounting & Fin.

Mr. Michael Louis Levin C.F.A.
VP of Investor Relations

Mr. 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 research analysts have issued "buy," "hold," and "sell" ratings for Carvana in the last year. There are currently 5 sell ratings, 15 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research 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 Wall Street analysts have issued twelve-month price targets for Carvana's shares. Their CVNA share price forecasts range from $11.00 to $60.00. On average, they predict the company's stock price to reach $39.78 in the next year. This suggests that the stock has a possible downside of 7.2%.
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 start of the year. Since then, CVNA shares have increased by 804.6% and is now trading at $42.88.
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) announced its quarterly earnings data on Wednesday, July, 19th. The company reported ($0.55) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.20) by $0.65. The business earned $2.97 billion during the quarter, compared to the consensus estimate of $2.62 billion. Carvana had a negative trailing twelve-month return on equity of 1,491.81% and a negative net margin of 11.08%.
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 (IPO) 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 a number of institutional and retail investors. Top institutional shareholders 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 $42.88.
How much money does Carvana make?: Carvana (NYSE:CVNA) has a market capitalization of $8.12 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 9/22/2023 by MarketBeat.com Staff

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Carvana (CVNA) Stock Forecast, Price & News

Carvana MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Carvana (NYSE:CVNA) Stock

CVNA Price History

CVNA Stock News Headlines

CVNA Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

CVNA Stock - Frequently Asked Questions

Overall MarketRank^™