Carvana - CVNA Stock Forecast, Price & News

Carvana Co., together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States. The company's 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. Carvana Co. was founded in 2012 and is headquartered in Tempe, Arizona.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CVNA shares. Bank of America dropped their price objective on shares of Carvana from $225.00 to $80.00 in a research note on Thursday, May 19th. DA Davidson dropped their price target on shares of Carvana from $49.00 to $42.00 in a research note on Monday, August 8th. Jefferies Financial Group lowered shares of Carvana from a "buy" rating to a "hold" rating and dropped their price target for the stock from $150.00 to $40.00 in a research note on Friday, May 13th. Cowen dropped their price target on shares of Carvana from $142.00 to $95.00 in a research note on Saturday, August 6th. Finally, Wedbush dropped their price target on shares of Carvana from $90.00 to $50.00 and set an "outperform" rating for the company in a research note on Tuesday, July 5th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $79.76.

Carvana Stock Performance

Shares of CVNA opened at $52.10 on Monday. Carvana has a 1 year low of $19.45 and a 1 year high of $364.13. The company has a market cap of $9.83 billion, a price-to-earnings ratio of -7.85 and a beta of 2.68. The company has a debt-to-equity ratio of 7.64, a quick ratio of 0.47 and a current ratio of 2.32. The firm has a fifty day moving average of $27.98 and a 200-day moving average of $74.37.

Carvana (NYSE:CVNA - Get Rating) last announced its quarterly earnings results on Thursday, August 4th. The company reported ($2.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.75) by ($0.60). Carvana had a negative net margin of 4.24% and a negative return on equity of 115.22%. The firm had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.99 billion. During the same period last year, the firm posted $0.26 EPS. The business's revenue was up 16.4% compared to the same quarter last year. As a group, equities analysts anticipate that Carvana will post -7.33 earnings per share for the current year.

Insider Buying and Selling

In related news, major shareholder Ernest C. Garcia II acquired 1,191,468 shares of Carvana stock in a transaction that occurred on Monday, June 13th. The stock was acquired at an average price of $20.67 per share, with a total value of $24,627,643.56. Following the completion of the acquisition, the insider now directly owns 2,578,314 shares of the company's stock, valued at approximately $53,293,750.38. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, major shareholder Ernest C. Garcia II acquired 1,191,468 shares of Carvana stock in a transaction that occurred on Monday, June 13th. The stock was acquired at an average price of $20.67 per share, with a total value of $24,627,643.56. Following the completion of the acquisition, the insider now directly owns 2,578,314 shares of the company's stock, valued at approximately $53,293,750.38. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director J Danforth Quayle acquired 18,750 shares of Carvana stock in a transaction that occurred on Tuesday, May 17th. The stock was bought at an average cost of $39.14 per share, with a total value of $733,875.00. Following the acquisition, the director now directly owns 12,500 shares of the company's stock, valued at $489,250. The disclosure for this purchase can be found here. Insiders purchased 2,197,008 shares of company stock valued at $47,538,049 over the last 90 days. 10.70% of the stock is currently owned by company insiders.