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NYSE:CVNA - Carvana Stock Price, Forecast & News

$49.04
-7.51 (-13.28 %)
(As of 03/30/2020 08:05 AM ET)
Today's Range
$47.52
Now: $49.04
$52.92
50-Day Range
$28.83
MA: $73.55
$110.09
52-Week Range
$22.16
Now: $49.04
$115.23
Volume3.18 million shs
Average Volume4.91 million shs
Market Capitalization$7.44 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.89
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.
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Carvana logo

Industry, Sector and Symbol

Industry Automotive dealers & gasoline service stations
Sub-IndustryN/A
SectorRetail/Wholesale
Previous SymbolNASDAQ:CVNA
CUSIPN/A
Phone480-719-8809

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.94 billion
Book Value$1.26 per share

Profitability

Net Income$-114,660,000.00

Miscellaneous

Employees7,324
Market Cap$7.44 billion
Next Earnings Date5/13/2020 (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 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CVNA shares have decreased by 13.3% and is now trading at $49.04. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Carvana?

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.

When is Carvana's next earnings date?

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

How were Carvana's earnings last quarter?

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

What price target have analysts set for CVNA?

20 brokerages have issued 12-month price objectives for Carvana's stock. Their forecasts range from $30.00 to $125.00. On average, they anticipate Carvana's stock price to reach $84.88 in the next year. This suggests a possible upside of 73.1% from the stock's current price. 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. " (1/7/2020)
  • 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?

Media stories about CVNA stock have trended somewhat negative on Monday, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Carvana earned a news impact score of -1.0 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news aboutCarvana.

Are investors shorting Carvana?

Carvana saw a increase in short interest during the month of 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 trading volume of 1,830,000 shares, the short-interest ratio is currently 12.1 days. Approximately 45.0% of the company's shares are sold short. View Carvana's Current Options Chain.

Who are some of Carvana's key 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), Advanced Micro Devices (AMD), Twilio (TWLO), Netflix (NFLX) and Square (SQ).

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 IPO 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 acted 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 retail and institutional investors. Top institutional investors include FMR LLC (3.97%), CAS Investment Partners LLC (1.83%), Credit Suisse AG (0.60%), Bank of New York Mellon Corp (0.50%), ShawSpring Partners LLC (0.42%) and State Street Corp (0.41%). Company insiders that own Carvana stock include Benjamin E Huston, Cvan Holdings Llc, 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 Phoenician Capital LLC, UBS Asset Management Americas Inc., Principal Financial Group Inc., Bank of New York Mellon Corp, Landscape Capital Management L.L.C., FMR LLC, Bank of America Corp DE, and Banbury Partners LLC. 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 acquired by a variety of institutional investors in the last quarter, including CAS Investment Partners LLC, MUFG Securities EMEA plc, Fred Alger Management LLC, First Trust Advisors LP, TD Asset Management Inc., ShawSpring Partners LLC, Quantbot Technologies LP, and Renaissance Technologies LLC. Company insiders that have bought Carvana stock in the last two years include 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 $49.04.

How big of a company is Carvana?

Carvana has a market capitalization of $7.44 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.

What is Carvana's official website?

The official website for Carvana is http://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]


MarketBeat Community Rating for Carvana (NYSE CVNA)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  406 (Vote Outperform)
Underperform Votes:  382 (Vote Underperform)
Total Votes:  788
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.
This page was last updated on 3/30/2020 by MarketBeat.com Staff

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