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NYSE:CVNA

Carvana Stock Forecast, Price & News

$249.14
+10.98 (+4.61 %)
(As of 11/27/2020 12:00 AM ET)
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Today's Range
$240.60
Now: $249.14
$250.66
50-Day Range
$185.01
MA: $211.01
$240.08
52-Week Range
$22.16
Now: $249.14
$250.66
Volume1.21 million shs
Average Volume2.41 million shs
Market Capitalization$42.80 billion
P/E RatioN/A
Dividend YieldN/A
Beta2.58
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 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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Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.6Dividend Strength: 0.0Insider Behavior: 0.8Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.26 out of 5 stars


Industry, Sector and Symbol

Industry Automotive dealers & gasoline service stations
Sub-IndustryN/A
Previous SymbolNASDAQ:CVNA
CUSIPN/A
Phone480-719-8809
Employees7,324

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.94 billion
Book Value$5.60 per share

Profitability

Net Income$-114,660,000.00

Miscellaneous

Market Cap$42.80 billion
Next Earnings Date2/24/2021 (Estimated)
OptionableOptionable
$249.14
+10.98 (+4.61 %)
(As of 11/27/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Carvana (NYSE:CVNA) Frequently Asked Questions

How has Carvana's stock price been impacted by Coronavirus (COVID-19)?

Carvana's stock was trading at $56.59 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CVNA shares have increased by 340.3% and is now trading at $249.14.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Carvana?

25 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 14 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Carvana
.

What stocks does MarketBeat like better than Carvana?

Wall Street analysts have given Carvana a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Carvana wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Carvana's next earnings date?

Carvana is scheduled to release its next quarterly earnings announcement on Wednesday, February 24th 2021.
View our earnings forecast for Carvana
.

How were Carvana's earnings last quarter?

Carvana Co. (NYSE:CVNA) released its earnings results on Thursday, October, 29th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $0.19. The company had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.53 billion. Carvana had a negative net margin of 3.06% and a negative return on equity of 43.19%. The business's revenue for the quarter was up 41.0% on a year-over-year basis. During the same period last year, the firm posted ($0.56) earnings per share.
View Carvana's earnings history
.

What price target have analysts set for CVNA?

25 Wall Street analysts have issued 12-month price objectives for Carvana's shares. Their forecasts range from $40.00 to $272.00. On average, they anticipate Carvana's share price to reach $208.70 in the next year. This suggests that the stock has a possible downside of 16.2%.
View analysts' price targets for Carvana
.

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), Tesla (TSLA), Micron Technology (MU), PayPal (PYPL), Advanced Micro Devices (AMD), Bank of America (BAC), Alibaba Group (BABA), salesforce.com (CRM), Square (SQ) and The Walt Disney (DIS).

Who are Carvana's key executives?

Carvana's management team includes the following people:
  • Mr. Ernest C. Garcia III, Founder, Pres, CEO & Chairman (Age 37)
  • Mr. Mark Jenkins, Chief Financial Officer (Age 41, Pay $758.66k)
  • Mr. Benjamin Huston, Chief Operating Officer (Age 37, Pay $757.92k)
  • Mr. Paul Breaux, VP, Gen. Counsel & Sec. (Age 36, Pay $606.44k)
  • Mr. Daniel Gill, Chief Product Officer (Age 37, Pay $658.82k)
  • Mr. Stephen R. Palmer, Principal Accounting Officer (Age 43)
  • Mr. Michael Louis Levin CFA, VP of Investor Relations
  • Mr. Ryan S. Keeton, Chief Brand Officer (Age 42)
  • Mr. John Mckeon, VP of Financial Planning & Analysis

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 retail and institutional investors. Top institutional shareholders include Morgan Stanley (5.06%), BlackRock Inc. (1.39%), Jennison Associates LLC (1.13%), Goodnow Investment Group LLC (0.54%), State Street Corp (0.39%) and Wells Fargo & Company MN (0.28%). Company insiders that own Carvana stock include Benjamin E Huston, Daniel J Gill, Ernest C Garcia II, Ira J Platt, Mark W Jenkins, 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 Goodnow Investment Group LLC, Hound Partners LLC, Principal Financial Group Inc., Wells Fargo & Company MN, Charles Schwab Investment Management Inc., BlackRock Inc., Great Lakes Advisors LLC, and Chicago Capital LLC. Company insiders that have sold Carvana company stock in the last year include 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 Jennison Associates LLC, Pelham Capital Ltd., Great West Life Assurance Co. Can, Lord Abbett & CO. LLC, Morgan Stanley, Trexquant Investment LP, ExodusPoint Capital Management LP, and WS Management Lllp. Company insiders that have bought Carvana stock in the last two years include Ernest C Garcia II, 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 $249.14.

How big of a company is Carvana?

Carvana has a market capitalization of $42.80 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.

What is Carvana's official website?

The official website for Carvana is 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]

This page was last updated on 11/28/2020 by MarketBeat.com Staff

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