Carvana - CVNA Stock Forecast, Price & News

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Carvana in the last year. There are currently 1 sell rating, 10 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street 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.
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20 Wall Street research 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 $56.25 in the next year. This suggests a possible upside of 126.5% from the stock's current price.
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Carvana's stock was trading at $231.79 at the beginning of the year. Since then, CVNA stock has decreased by 89.3% and is now trading at $24.83.
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Carvana saw a increase in short interest in 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 volume of 10,440,000 shares, the days-to-cover ratio is currently 2.8 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
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Carvana Co. (NYSE:CVNA) released its quarterly earnings results on Thursday, August, 4th. The company reported ($2.35) earnings per share for the quarter, missing the consensus estimate of ($1.81) by $0.54. The business had revenue of $3.88 billion for 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 company's revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.26 earnings per share.

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 (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.

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

Carvana's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (10.65%), Baillie Gifford & Co. (6.30%), Spruce House Investment Management LLC (3.55%), FMR LLC (3.00%), State Street Corp (1.14%) and Citadel Advisors LLC (0.00%). Insiders that own company stock include Alan J Stock, Benjamin E Huston, Benjamin E Huston, Daniel J Gill, Ernest C Garcia II, Ernest C Garcia II, Ernest C Garcia III, Gregory B Sullivan, Ira J Platt, J Danforth Quayle, Jeffrey Zwelling, Jonathan F Foster, Mark W Jenkins, Mark W Jenkins, Michael E Maroone, Neha Parikh, Paul Beldin, Paul W Breaux, Paul W Breaux, Robert J Traube, Ryan S Keeton, Ryan S Keeton, Spruce House Partnership Llc, Stephen R Palmer, Thomas Taira and Timothy H Young.
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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 $24.83.

Carvana (NYSE:CVNA) has a market capitalization of $4.69 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.