S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
What to watch for as China's major political meeting of the year gets underway
South Korean doctors hold massive anti-government rally over medical school recruitment plan
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
What to watch for as China's major political meeting of the year gets underway
South Korean doctors hold massive anti-government rally over medical school recruitment plan
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
What to watch for as China's major political meeting of the year gets underway
South Korean doctors hold massive anti-government rally over medical school recruitment plan
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
What to watch for as China's major political meeting of the year gets underway
South Korean doctors hold massive anti-government rally over medical school recruitment plan

Carvana (CVNA) Stock Price, News & Analysis

$82.96
+7.03 (+9.26%)
(As of 03/1/2024 ET)
Today's Range
$75.41
$83.78
50-Day Range
$41.00
$83.01
52-Week Range
$6.45
$83.78
Volume
8.34 million shs
Average Volume
9.50 million shs
Market Capitalization
$16.75 billion
P/E Ratio
153.63
Dividend Yield
N/A
Price Target
$41.53

Carvana MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.93 Rating Score
Upside/​Downside
49.9% Downside
$41.53 Price Target
Short Interest
Healthy
16.51% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-2.66
Upright™ Environmental Score
News Sentiment
0.20mentions of Carvana in the last 14 days
Based on 41 Articles This Week
Insider Trading
Selling Shares
$3.62 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($3.61) to ($2.83) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.45 out of 5 stars

Retail/Wholesale Sector

120th out of 207 stocks

Automotive Dealers & Gasoline Service Stations Industry

10th out of 18 stocks


CVNA stock logo

About Carvana Stock (NYSE:CVNA)

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 Stock Price History

CVNA Stock News Headlines

MarketBeat Week in Review – 2/26 - 3/1 (CVNA)
As the calendar turns to March, investors continue to climb the wall of worry, but with the S&P 500 at 5,000, the MarketBeat team helps show you where to invest
bluebird bio Stock Signals Potential to be a Multi-bagger (CVNA)
Driving a bargain of a short squeeze play, Bluebird Bio stock could soon announce what every investor is hoping to hear, here's what management could do
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
CarGurus Stock is Set for a Rally This Quarter, Above all Peers (CVNA)
The car market is soon to see a boom in demand, and most market participants are betting on CarGurus to be the one to come out on top of it all, here's why.
Cars.com and Carvana Stock Facing Weaker Consumer Sentiment
Cars.com Inc. NYSE: CARS and Carvana Co. NYSE: CVNA are two different ways to play the retail automotive market. Both companies are attempting to modernize and digitize the car buying experience.
Cars.com and Carvana Stock Facing Weaker Consumer Sentiment
Cars.com and Carvana Co. give investors two different ways to play the retail automotive market, but the two automotive stocks are behaving very differently
The Retail Sector is on the cusp of a major breakout
As the theme of 2023 continues into 2024, seeing technology stocks and, more specifically, semiconductor and AI names dominate the headlines, it might be easy to miss other promising setups in less-spoken sectors.
The Retail Sector is on the cusp of a major breakout (CVNA)
The retail sector has quietly gained over 15% in 3 months, with SPDR S&P 500 Retail ETF (XRT) consolidating near a 52-week range high and hinting at a breakout.
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Carvana Co. (NYSE:CVNA) Insider Sells $1,185,000.00 in Stock
CVNA Mar 2024 39.000 call
3 Overlooked Meme Stocks Ready to Join the Big Leagues
Morgan Stanley Increases Carvana (NYSE:CVNA) Price Target to $45.00
Carvana (NYSE:CVNA) Trading Up 8.2% After Analyst Upgrade
CVNA Aug 2024 75.000 put
CVNA Apr 2024 60.000 put
CVNA Aug 2024 110.000 call
See More Headlines
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Company Calendar

Last Earnings
2/22/2024
Today
3/02/2024
Next Earnings (Estimated)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Automotive dealers & gasoline service stations
Sub-Industry
N/A
Previous Symbol
NASDAQ:CVNA
Fax
N/A
Employees
16,600
Year Founded
2012

Price Target and Rating

Average Stock Price Target
$41.53
High Stock Price Target
$80.00
Low Stock Price Target
$11.00
Potential Upside/Downside
-49.9%
Consensus Rating
Reduce
Rating Score (0-4)
1.93
Research Coverage
14 Analysts

Profitability

Net Income
$450 million
Pretax Margin
1.62%

Debt

Sales & Book Value

Annual Sales
$10.77 billion
Cash Flow
$0.72 per share
Book Value
($1.90) per share

Miscellaneous

Free Float
165,470,000
Market Cap
$16.75 billion
Optionable
Optionable
Beta
3.32

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CVNA Stock Analysis - Frequently Asked Questions

Should I buy or sell Carvana stock right now?

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Carvana in the last twelve months. There are currently 3 sell ratings, 9 hold ratings and 2 buy ratings 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 target for 2024?

14 brokers have issued 1 year price objectives for Carvana's stock. Their CVNA share price targets range from $11.00 to $80.00. On average, they predict the company's stock price to reach $41.53 in the next twelve months. This suggests that the stock has a possible downside of 49.9%.
View analysts price targets for CVNA
or view top-rated stocks among Wall Street analysts.

How have CVNA shares performed in 2024?

Carvana's stock was trading at $52.94 at the start of the year. Since then, CVNA shares have increased by 56.7% and is now trading at $82.96.
View the best growth stocks for 2024 here
.

When is Carvana's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our CVNA earnings forecast
.

How were Carvana's earnings last quarter?

Carvana Co. (NYSE:CVNA) posted its quarterly earnings data on Thursday, February, 22nd. The company reported ($1.00) earnings per share for the quarter, missing the consensus estimate of ($0.95) by $0.05. The firm earned $2.42 billion during the quarter, compared to the consensus estimate of $2.56 billion. The business's revenue for the quarter was down 14.6% on a year-over-year basis. During the same period in the prior year, the business earned ($0.97) earnings per share.

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 IPO on Friday, April 28th 2017. The company issued 15,000,000 shares at a price of $14.00-$16.00 per share. Wells Fargo Securities, BofA Merrill Lynch, Citigroup and Deutsche Bank Securities acted as the underwriters for the IPO and Baird, William Blair, BMO Capital Markets and JMP Securities were co-managers.

Who are Carvana's major shareholders?

Carvana's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (5.02%), Spruce House Investment Management LLC (4.75%), Price T Rowe Associates Inc. MD (2.68%), Allianz Asset Management GmbH (0.00%), Nomura Holdings Inc. (0.00%) and Citadel Advisors LLC (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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:CVNA) was last updated on 3/3/2024 by MarketBeat.com Staff