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Carvana Stock Price, News & Analysis (NYSE:CVNA)

$31.25
-0.76 (-2.37%)
(As of 03:40 PM ET)
Compare
Today's Range
$30.92
$32.55
50-Day Range
$26.01
$42.88
52-Week Range
$3.55
$57.19
Volume
4.65 million shs
Average Volume
20.03 million shs
Market Capitalization
$6.24 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$36.67

Carvana MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.82 Rating Score
Upside/​Downside
15.7% Upside
$36.67 Price Target
Short Interest
Healthy
16.02% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-2.66
Upright™ Environmental Score
News Sentiment
0.50mentions of Carvana in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$980,000 Sold Last Quarter
Proj. Earnings Growth
Decreasing
From ($2.67) to ($3.54) Per Share

Overall MarketRank

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

1.76 out of 5 stars

Retail/Wholesale Sector

168th out of 211 stocks

Automotive Dealers & Gasoline Service Stations Industry

11th out of 20 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

Carvana: shifting gears toward a potential breakout
CVNA shows a short-term uptrend with a bullish wedge and near the $35 breakout level, while a high short interest could amplify any potential breakout.
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Big Players' Recent Trades in CVNA Options
Carvana Co Class A
Why Microsoft Just Placed A Huge Bet On Nuclear
Even with aggressive expansion and acquisition of solar and wind farms, renewable energy isn’t anywhere close to providing the energy that Microsoft demands.
RBC Capital Reaffirms Their Sell Rating on Carvana Co (CVNA)
Analyst Expectations for Carvana's Future
Carvana Co. (NYSE:CVNA) Q3 2023 Earnings Call Transcript
See More Headlines
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Company Calendar

Last Earnings
11/02/2023
Today
11/30/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/22/2024

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
$36.67
High Stock Price Target
$60.00
Low Stock Price Target
$11.00
Potential Upside/Downside
+17.6%
Consensus Rating
Reduce
Rating Score (0-4)
1.82
Research Coverage
15 Analysts

Profitability

Net Income
$-1,587,000,000.00
Pretax Margin
-9.51%

Debt

Sales & Book Value

Annual Sales
$13.60 billion
Cash Flow
$1.37 per share
Book Value
($1.01) per share

Miscellaneous

Free Float
165,470,000
Market Cap
$6.22 billion
Optionable
Optionable
Beta
3.09

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CVNA Stock Analysis - Frequently Asked Questions

Should I buy or sell Carvana stock right now?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Carvana in the last year. There are currently 4 sell ratings, 10 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 target for 2024?

15 Wall Street research analysts have issued 1-year price objectives for Carvana's stock. Their CVNA share price targets range from $11.00 to $60.00. On average, they anticipate the company's stock price to reach $36.67 in the next twelve months. This suggests a possible upside of 15.7% from the stock's current price.
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 the year. Since then, CVNA stock has increased by 568.4% and is now trading at $31.68.
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, February 22nd 2024.
View our CVNA earnings forecast
.

How were Carvana's earnings last quarter?

Carvana Co. (NYSE:CVNA) announced its quarterly earnings results on Thursday, November, 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.85) by $1.08. The company earned $2.77 billion during the quarter, compared to analyst estimates of $2.74 billion.

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 a price of $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.

Who are Carvana's major shareholders?

Carvana's stock is owned by many different retail and institutional investors. Top institutional shareholders include Morgan Stanley (7.39%), Greenoaks Capital Partners LLC (3.03%), FMR LLC (2.35%), Nomura Holdings Inc. (0.00%), KPS Global Asset Management UK Ltd (0.78%) and Northern Trust Corp (0.45%). 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.

This page (NYSE:CVNA) was last updated on 11/30/2023 by MarketBeat.com Staff

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