NYSE:CVNA - Carvana Stock Price, Forecast & News

Carvana's stock was trading at $56.59 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CVNA stock has decreased by 1.3% and is now trading at $55.85. View which stocks have been mosted impacted by Coronavirus.

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Carvana in the last year. There are currently 2 sell ratings, 8 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Carvana.

Carvana is scheduled to release its next quarterly earnings announcement on Wednesday, May 13th 2020. View our earnings forecast for Carvana.

Carvana Co (NYSE:CVNA) released its quarterly earnings results on Wednesday, February, 26th. The company reported ($0.79) earnings per share for the quarter, missing analysts' consensus estimates of ($0.63) by $0.16. The business earned $1.10 billion during the quarter, compared to analysts' expectations of $1.10 billion. Carvana had a negative net margin of 3.43% and a negative return on equity of 98.28%. View Carvana's earnings history.

20 Wall Street analysts have issued twelve-month target prices for Carvana's stock. Their forecasts range from $30.00 to $125.00. On average, they expect Carvana's stock price to reach $82.18 in the next year. This suggests a possible upside of 47.1% from the stock's current price. View analysts' price targets for Carvana.

Media stories about CVNA stock have been trending very positive this week, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Carvana earned a media sentiment score of 3.2 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutCarvana.

Carvana saw a increase in short interest in March. As of March 13th, there was short interest totaling 22,178,900 shares, an increase of 20.3% from the February 27th total of 18,440,000 shares. Based on an average daily trading volume, of 1,830,000 shares, the short-interest ratio is currently 12.1 days. Approximately 45.0% of the shares of the company are short sold. View Carvana's Current Options Chain.

Some companies that are related to Carvana include Copart (CPRT), CarMax (KMX), Casey's General Stores (CASY), IAA (IAA), AutoNation (AN), Murphy USA (MUSA), Penske Automotive Group (PAG), Lithia Motors (LAD), KAR Auction Services (KAR), Rush Enterprises (RUSHA), Asbury Automotive Group (ABG), Rush Enterprises (RUSHB), Group 1 Automotive (GPI), Sonic Automotive (SAH) and Camping World (CWH).

Based on aggregate information from My MarketBeat watchlists, some companies that other Carvana investors own include NVIDIA (NVDA), Micron Technology (MU), Alibaba Group (BABA), Bank of America (BAC), salesforce.com (CRM), Paypal (PYPL), Advanced Micro Devices (AMD), Netflix (NFLX), Twilio (TWLO) and Walt Disney (DIS).

(CVNA) raised $225 million in an 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 acted as the underwriters for the IPO and Baird, William Blair, BMO Capital Markets and JMP Securities were co-managers.

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

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

One share of CVNA stock can currently be purchased for approximately $55.85.

Carvana has a market capitalization of $8.48 billion and generates $3.94 billion in revenue each year. The company earns $-114,660,000.00 in net income (profit) each year or ($2.29) on an earnings per share basis. Carvana employs 7,324 workers across the globe. View additional information about Carvana.

The official website for Carvana is http://www.carvana.com/.

Carvana's mailing address is 1930 WEST RIO SALADO PARKWAY, TEMPE AZ, 85281. The company can be reached via phone at 480-719-8809 or via email at [email protected]