NYSE:CVNACarvana Stock Price, Forecast & News

$109.12

+17.27 (+18.80 %)

(As of 06/3/2020 04:00 PM ET)

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Today's Range

$92.97

Now: $109.12▼

$110.50

50-Day Range

$71.22

MA: $89.16▼

$109.12

52-Week Range

$22.16

Now: $109.12▼

$115.23

Volume7.15 million shs

Average Volume3.09 million shs

Market Capitalization$18.59 billion

P/E RatioN/A

Dividend YieldN/A

Beta2.37

Carvana Co., together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States. Its platform allows customers to research and identify a vehicle; inspect it using company's proprietary 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. The company was founded in 2012 and is headquartered in Tempe, Arizona.

Beat the Market (BTM) Rank^™

2.2 Analyst's Opinion

Consensus Rating
Carvana has received a consensus rating of Hold. The company's average rating score is 2.36, and is based on 10 buy ratings, 10 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $90.11, Carvana has a potential downside of 17.4% from its current price of $109.12.
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.

2.6 Community Rank

Outperform Votes
Carvana has received 422 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Carvana has received 395 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Carvana has received 51.65% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Carvana and other stocks. Vote “Outperform” if you believe CVNA will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CVNA will underperform the S&P 500 over the long term. You may vote once every thirty days.

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.

2.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Carvana insiders have sold just slightly more of their company's stock than they have bought. Specifically, they have bought $25,000,020.00 in company stock and sold $29,410,000.00 in company stock. It is common for insiders to sell company stock at intervals simply to diversify their holdings.
Percentage Held by Insiders
Only 12.25% of the stock of Carvana is held by insiders.
Percentage Held by Institutions
52.20% 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 ($3.31) to ($2.32) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Carvana is -32.38, 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 -32.38, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Carvana has a P/B Ratio of 86.60. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.48 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Automotive dealers & gasoline service stations

Sub-IndustryN/A

SectorRetail/Wholesale

Current SymbolNYSE:CVNA

Previous SymbolNASDAQ:CVNA

CUSIPN/A

CIK1690820

Webwww.carvana.com

Phone480-719-8809

Debt

Debt-to-Equity Ratio82.86

Current Ratio1.24

Quick Ratio0.49

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$3.94 billion

Price / Sales4.72

Cash FlowN/A

Price / Cash FlowN/A

Book Value$1.26 per share

Price / Book86.60

Profitability

EPS (Most Recent Fiscal Year)($2.29)

Net Income$-114,660,000.00

Net Margins-3.89%

Return on Equity-127.13%

Return on Assets-15.52%

Miscellaneous

Employees7,324

Outstanding Shares170,359,000

Market Cap$18.59 billion

Next Earnings Date8/5/2020 (Estimated)

OptionableOptionable

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Carvana (NYSE:CVNA) Frequently Asked Questions

How has Carvana's stock been impacted by COVID-19 (Coronavirus)?

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 increased by 92.8% and is now trading at $109.12. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Carvana?

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

When is Carvana's next earnings date?

Carvana is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for Carvana.

How were Carvana's earnings last quarter?

Carvana Co (NYSE:CVNA) announced its earnings results on Wednesday, May, 6th. The company reported ($1.18) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.63) by $0.55. The business earned $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. Carvana had a negative return on equity of 127.13% and a negative net margin of 3.89%. The firm's revenue for the quarter was up 45.4% on a year-over-year basis. During the same period in the previous year, the business earned ($0.53) EPS. View Carvana's earnings history.

What price target have analysts set for CVNA?

22 Wall Street analysts have issued twelve-month target prices for Carvana's shares. Their forecasts range from $24.00 to $127.00. On average, they anticipate Carvana's share price to reach $90.11 in the next twelve months. This suggests that the stock has a possible downside of 17.4%. View analysts' price targets for Carvana.

What are Wall Street analysts saying about Carvana stock?

Here are some recent quotes from research analysts about Carvana stock:

1. According to Zacks Investment Research, "Carvana Co. provide eCommerce platform for buying used cars. Carvana Co. is headquartered in Phoenix, Arizona. " (5/25/2020)
2. Barrington Research analysts commented, "We believe Q2/19 results should continue to exhibit solid growth characteristics due to industry-wide used vehicle sales growth, continued acceptance of the company’s E- Commerce model and new market launches." (8/5/2019)
3. Wells Fargo & Co analysts commented, "We discussed the industry with Mark Jenkins, CFO of CVNA, and George Arison, Founder and Co-CEO of privately-held Shift, and came away bullish on the potential for accelerating consumer adoption of buying/selling cars online." (7/1/2019)

Has Carvana been receiving favorable news coverage?

News stories about CVNA stock have trended very negative recently, InfoTrie reports. InfoTrie rates the sentiment of news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Carvana earned a coverage optimism score of -3.1 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the next few days. View the latest news aboutCarvana.

Who are some of Carvana's key competitors?

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), Camping World (CWH), KAR Auction Services (KAR), Rush Enterprises (RUSHA), Asbury Automotive Group (ABG), Rush Enterprises (RUSHB), Group 1 Automotive (GPI) and Sonic Automotive (SAH). View all competitors.

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), Micron Technology (MU), Alibaba Group (BABA), Bank of America (BAC), salesforce.com (CRM), Paypal (PYPL), Square (SQ), Visa (V), Home Depot (HD) and Netflix (NFLX).

Who are Carvana's key executives?

Carvana's management team includes the following people:

Mr. Ernest C. Garcia III, Founder, Pres, CEO & Chairman (Age 36)
Mr. Mark Jenkins, Chief Financial Officer (Age 40)
Mr. Benjamin Huston, Chief Operating Officer (Age 36)
Mr. Ryan S. Keeton, Chief Brand Officer (Age 41)
Mr. Daniel Gill, Chief Product Officer (Age 36)

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 $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 many different institutional and retail investors. Top institutional shareholders include Morgan Stanley (4.58%), Lone Pine Capital LLC (3.09%), Spruce House Investment Management LLC (2.62%), CAS Investment Partners LLC (2.32%), BlackRock Inc. (1.29%) and Clearbridge Investments LLC (1.23%). Company insiders that own Carvana stock include Benjamin E Huston, Daniel J Gill, Ddfs Partnership Lp, Ernest C Garcia II, Ira J Platt, Mark W Jenkins, Michael E Maroone, Paul W Breaux, Ryan S Keeton, Spruce House Partnership Llc and Spruce House Partnership Lp. View institutional ownership trends for Carvana.

Which institutional investors are selling Carvana stock?

CVNA stock was sold by a variety of institutional investors in the last quarter, including Spruce House Investment Management LLC, Bank of New York Mellon Corp, Frontier Capital Management Co. LLC, Lord Abbett & CO. LLC, First Trust Advisors LP, Deutsche Bank AG, JS Capital Management LLC, and BNP Paribas Arbitrage SA. Company insiders that have sold Carvana company stock in the last year include Benjamin E Huston, Daniel J Gill, Ernest C Garcia II, Ira J Platt, Mark W Jenkins, Paul W Breaux, Ryan S Keeton, and Spruce House Partnership Llc. View insider buying and selling activity for Carvana.

Which institutional investors are buying Carvana stock?

CVNA stock was purchased by a variety of institutional investors in the last quarter, including Morgan Stanley, Lone Pine Capital LLC, CAS Investment Partners LLC, Clearbridge Investments LLC, Canada Pension Plan Investment Board, Grantham Mayo Van Otterloo & Co. LLC, Atreides Management LP, and Scopus Asset Management L.P.. Company insiders that have bought Carvana stock in the last two years include Ernest C Garcia II, Michael E Maroone, and Spruce House Partnership Lp. View insider buying and selling activity for Carvana.

How do I buy shares of Carvana?

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.

What is Carvana's stock price today?

One share of CVNA stock can currently be purchased for approximately $109.12.

How big of a company is Carvana?

Carvana has a market capitalization of $18.59 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.

What is Carvana's official website?

The official website for Carvana is www.carvana.com.

How can I contact Carvana?

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]

This page was last updated on 6/3/2020 by MarketBeat.com Staff