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NYSE:CVNA

Carvana - CVNA Stock Forecast, Price & News

$49.62
-4.97 (-9.10%)
(As of 08/17/2022 05:17 PM ET)
Add
Compare
Today's Range
$48.61
$54.42
50-Day Range
$20.23
$54.59
52-Week Range
$19.45
$363.09
Volume
8.36 million shs
Average Volume
8.81 million shs
Market Capitalization
$9.36 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$74.05

Carvana MarketRank™ Forecast

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
49.3% Upside
$74.05 Price Target
Short Interest
Healthy
14.56% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-2.52
Upright™ Environmental Score
News Sentiment
0.15mentions of Carvana in the last 14 days
Based on 21 Articles This Week
Insider Trading
Acquiring Shares
$47.54 M Bought Last Quarter
Proj. Earnings Growth
Growing
From ($7.33) to ($4.26) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.63 out of 5 stars

Retail/Wholesale Sector

54th out of 218 stocks

Automotive Dealers & Gasoline Service Stations Industry

1st out of 24 stocks

CVNA stock logo

About Carvana (NYSE:CVNA) Stock

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

Carvana Stock Up 7.0 %

Shares of CVNA traded up $3.59 during midday trading on Tuesday, hitting $54.59. The stock had a trading volume of 12,424,996 shares, compared to its average volume of 8,816,007. The company has a 50 day simple moving average of $29.09 and a two-hundred day simple moving average of $73.57. Carvana has a twelve month low of $19.45 and a twelve month high of $363.09. The firm has a market cap of $10.30 billion, a price-to-earnings ratio of -8.22 and a beta of 2.69. The company has a debt-to-equity ratio of 7.64, a current ratio of 2.32 and a quick ratio of 1.11.

Carvana (NYSE:CVNA - Get Rating) last released its quarterly earnings results on Thursday, August 4th. The company reported ($2.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.75) by ($0.60). Carvana had a negative net margin of 4.24% and a negative return on equity of 115.22%. The firm had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.99 billion. During the same period in the prior year, the business earned $0.26 EPS. The business's revenue for the quarter was up 16.4% compared to the same quarter last year. On average, analysts anticipate that Carvana will post -7.33 EPS for the current year.

Wall Street Analysts Forecast Growth

CVNA has been the topic of a number of recent research reports. Raymond James upgraded Carvana from an "underperform" rating to a "market perform" rating in a research report on Wednesday, July 27th. DA Davidson decreased their price objective on Carvana from $49.00 to $42.00 in a research report on Monday, August 8th. Stifel Nicolaus decreased their price objective on Carvana from $48.00 to $34.00 and set a "hold" rating on the stock in a research report on Tuesday, June 28th. Cowen decreased their price objective on Carvana from $142.00 to $95.00 in a research report on Saturday, August 6th. Finally, JPMorgan Chase & Co. lowered Carvana from a "neutral" rating to an "underweight" rating and raised their price target for the stock from $25.00 to $35.00 in a research report on Monday, August 8th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, Carvana presently has a consensus rating of "Hold" and a consensus price target of $74.05.

Insider Buying and Selling at Carvana

In related news, insider Ryan S. Keeton bought 20,000 shares of the stock in a transaction that occurred on Monday, June 6th. The shares were acquired at an average price of $25.02 per share, with a total value of $500,400.00. Following the completion of the transaction, the insider now owns 54,269 shares in the company, valued at $1,357,810.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Ryan S. Keeton bought 20,000 shares of the stock in a transaction that occurred on Monday, June 6th. The shares were acquired at an average price of $25.02 per share, with a total value of $500,400.00. Following the completion of the transaction, the insider now owns 54,269 shares in the company, valued at $1,357,810.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Daniel J. Gill bought 94,000 shares of the stock in a transaction that occurred on Wednesday, June 15th. The stock was bought at an average cost of $21.77 per share, for a total transaction of $2,046,380.00. Following the transaction, the insider now owns 131,023 shares of the company's stock, valued at approximately $2,852,370.71. The disclosure for this purchase can be found here. Insiders have bought 2,178,258 shares of company stock valued at $46,804,174 in the last 90 days. 17.67% of the stock is currently owned by company insiders.

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CVNA Stock News Headlines

AutoNation Stock is Firing on All Pistons (CVNA)
Automobile retailer AutoNation (NYSE: AN) stock is a rare sight as its trading up just over 4% in the 2022 bear market.
Carvana Deadline Alert - Benzinga
DA Davidson Cuts Carvana (NYSE:CVNA) Price Target to $42.00
Why Carvana Stock Soared Today
Carvana (NYSE:CVNA) Trading Down 12% Following Analyst Downgrade
Cowen Cuts Carvana (NYSE:CVNA) Price Target to $95.00
Carvana (NYSE:CVNA) Price Target Cut to $95.00
See More Headlines
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CVNA Company Calendar

Last Earnings
8/04/2022
Today
8/17/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Automotive dealers & gasoline service stations
Sub-Industry
N/A
Previous Symbol
NASDAQ:CVNA
Fax
N/A
Employees
21,000
Year Founded
2012

Price Target and Rating

Average Stock Price Forecast
$74.05
High Stock Price Forecast
$405.00
Low Stock Price Forecast
$31.00
Forecasted Upside/Downside
+49.2%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
20 Analysts

Profitability

Net Income
$-135,000,000.00
Pretax Margin
-8.16%

Debt

Sales & Book Value

Annual Sales
$12.81 billion
Book Value
$4.58 per share

Miscellaneous

Free Float
155,359,000
Market Cap
$9.36 billion
Optionable
Optionable
Beta
2.68

Social Links















CVNA Stock - Frequently Asked Questions

Should I buy or sell Carvana stock right now?

20 Wall Street 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 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.
View CVNA analyst ratings
or view top-rated stocks.

What is Carvana's stock price forecast for 2022?

20 Wall Street research analysts have issued 12-month target prices for Carvana's stock. Their CVNA share price forecasts range from $31.00 to $405.00. On average, they predict the company's stock price to reach $74.05 in the next year. This suggests a possible upside of 35.6% from the stock's current price.
View analysts price targets for CVNA
or view top-rated stocks among Wall Street analysts.

How have CVNA shares performed in 2022?

Carvana's stock was trading at $231.79 at the beginning of the year. Since then, CVNA stock has decreased by 76.4% and is now trading at $54.59.
View the best growth stocks for 2022 here
.

When is Carvana's next earnings date?

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

How were Carvana's earnings last quarter?

Carvana Co. (NYSE:CVNA) posted its quarterly earnings data on Thursday, August, 4th. The company reported ($2.35) EPS for the quarter, missing the consensus estimate of ($1.75) by $0.60. The company had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.99 billion. Carvana had a negative trailing twelve-month return on equity of 115.22% and a negative net margin of 4.24%. The company's revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.26 earnings per share.

What is Ernie Garcia's approval rating as Carvana's CEO?

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.

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), 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).

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 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 a number of institutional and retail investors. Top institutional investors 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.
View institutional ownership trends
.

How do I buy shares of Carvana?

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.
Compare Top Brokerages Here.

What is Carvana's stock price today?

One share of CVNA stock can currently be purchased for approximately $54.59.

How much money does Carvana make?

Carvana (NYSE:CVNA) has a market capitalization of $10.30 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.

How many employees does Carvana have?

The company employs 21,000 workers across the globe.

When was Carvana founded?

Carvana was founded in 2012.

How can I contact Carvana?

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.

This page (NYSE:CVNA) was last updated on 8/17/2022 by MarketBeat.com Staff

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