Carvana - CVNA Stock Forecast, Price & News

21 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Carvana in the last twelve months. There are currently 1 sell rating, 10 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CVNA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CVNA, but not buy additional shares or sell existing shares.
View CVNA analyst ratings or view top-rated stocks.

21 analysts have issued 1-year target prices for Carvana's stock. Their CVNA share price forecasts range from $31.00 to $100.00. On average, they expect the company's share price to reach $54.75 in the next twelve months. This suggests a possible upside of 135.4% from the stock's current price.
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Carvana's stock was trading at $231.79 at the beginning of 2022. Since then, CVNA shares have decreased by 90.0% and is now trading at $23.26.
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Carvana saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 28,940,000 shares, an increase of 7.8% from the August 31st total of 26,850,000 shares. Based on an average daily trading volume, of 10,440,000 shares, the short-interest ratio is presently 2.8 days.
View Carvana's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our CVNA earnings forecast.

Carvana Co. (NYSE:CVNA) released its quarterly earnings results on Thursday, August, 4th. The company reported ($2.35) EPS for the quarter, missing the consensus estimate of ($1.81) by $0.54. The firm earned $3.88 billion during the quarter, compared to analyst estimates of $3.99 billion. Carvana had a negative net margin of 4.24% and a negative trailing twelve-month return on equity of 115.22%. The business's revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.26 EPS.

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.

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).

(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.

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

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.
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One share of CVNA stock can currently be purchased for approximately $23.26.

Carvana (NYSE:CVNA) has a market capitalization of $4.39 billion and generates $12.81 billion in revenue each year. The company earns $-135,000,000.00 in net income (profit) each year or ($6.64) on an earnings per share basis.

The company employs 21,000 workers across the globe.

Carvana's mailing address is 1930 WEST RIO SALADO PARKWAY, TEMPE AZ, 85281. The official website for the company is www.carvana.com. The company can be reached via phone at (480) 719-8809 or via email at investors@carvana.com.