NYSE:CVNACarvana Stock Price, Forecast & News

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 (WHO). Since then, CVNA stock has increased by 70.4% and is now trading at $96.45. View which stocks have been most impacted by Coronavirus.

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.

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

Carvana Co (NYSE:CVNA) released its quarterly earnings data on Wednesday, May, 6th. The company reported ($1.18) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.63) by $0.55. The business had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.10 billion. Carvana had a negative return on equity of 127.13% and a negative net margin of 3.89%. Carvana's revenue was up 45.4% on a year-over-year basis. During the same period last year, the firm posted ($0.53) earnings per share. View Carvana's earnings history.

22 brokerages have issued 12 month price objectives for Carvana's stock. Their forecasts range from $24.00 to $127.00. On average, they anticipate Carvana's share price to reach $89.32 in the next year. This suggests that the stock has a possible downside of 7.4%. View analysts' price targets for Carvana.

Headlines about CVNA stock have trended extremely negative recently, according to InfoTrie Sentiment. The research group identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Carvana earned a daily sentiment score of -4.0 on InfoTrie's scale. They also gave news stories about the company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the near future. View the latest news aboutCarvana.

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), Asbury Automotive Group (ABG), Rush Enterprises (RUSHA), Rush Enterprises (RUSHB), Group 1 Automotive (GPI) and Sonic Automotive (SAH). View all competitors.

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).

(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."

Carvana's stock is owned by a number of retail and institutional 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.

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.

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.

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.

One share of CVNA stock can currently be purchased for approximately $96.45.

Carvana has a market capitalization of $15.94 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.

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

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]