Carvana Co., together with its subsidiaries, operates an e-commerce platform for buying used cars in the United States. The company purchases, reconditions, sells, and delivers vehicles. 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. The company was founded in 2012 and is headquartered in Tempe, Arizona.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Automotive dealers & gasoline service stations
Sub-IndustryN/A
SectorRetail/Wholesale
SymbolNYSE:CVNA
CUSIPN/A
Phone480-719-8809
Debt
Debt-to-Equity Ratio0.52
Current Ratio1.29
Quick Ratio0.58
Price-To-Earnings
Trailing P/E Ratio-36.45
Forward P/E Ratio-32.43
P/E GrowthN/A
Sales & Book Value
Annual Sales$858.87 million
Price / Sales7.18
Cash FlowN/A
Price / CashN/A
Book Value$1.37 per share
Price / Book32.19
Profitability
EPS (Most Recent Fiscal Year)($1.21)
Net Income$-18,310,000.00
Net Margins-6.09%
Return on Equity-30.96%
Return on Assets-10.62%
Miscellaneous
Employees1,864
Outstanding Shares139,860,000
Market Cap$6,167.78
Carvana (NYSE:CVNA) Frequently Asked Questions
What is Carvana's stock symbol?
Carvana trades on the New York Stock Exchange (NYSE) under the ticker symbol "CVNA."
How were Carvana's earnings last quarter?
Carvana Co (NYSE:CVNA) issued its quarterly earnings data on Wednesday, May, 9th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.39) by $0.01. The firm had revenue of $360 million for the quarter, compared to analysts' expectations of $355.85 million. Carvana had a negative return on equity of 30.96% and a negative net margin of 6.09%. The firm's revenue was up 126.3% on a year-over-year basis. During the same period last year, the company earned ($0.28) earnings per share. View Carvana's Earnings History.
When is Carvana's next earnings date?
What price target have analysts set for CVNA?
13 equities research analysts have issued twelve-month target prices for Carvana's shares. Their predictions range from $16.00 to $53.00. On average, they expect Carvana's stock price to reach $31.8846 in the next twelve months. This suggests that the stock has a possible downside of 27.7%. View Analyst Ratings for Carvana.
What is the consensus analysts' recommendation for Carvana?
13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Carvana in the last year. There are currently 4 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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. " (7/10/2018)
- 2. Barrington Research analysts commented, "We are raising our price target to a range of $30‐35 from our prior price target of $26. We have an OUTPERFORM investment rating on the shares. Company Description Carvana Co. is a holding company and an eCommerce platform, which engages in the buying of used cars and provision of different and convenient car buying experience. It operates through the following segments: Vehicle Sales; Wholesale Vehicle Sales; and Other Sales and Revenue. The Vehicle Sales segment consists of used vehicle to customers through website. The Wholesale Vehicle Sales segment comprises of the proceeds from vehicles sold to wholesalers. The Other Sales and Revenue segment composes of sales of automotive finance receivable originate and sell to third parties. The company was founded on and is headquartered in Phoenix, AZ." (5/15/2018)
Who are some of Carvana's key competitors?
Some companies that are related to Carvana include Copart (CPRT), CarMax (KMX), KAR Auction Services (KAR), AutoNation (AN), Penske Automotive Group (PAG), Casey's General Stores (CASY), Murphy USA (MUSA), Lithia Motors (LAD), Camping World (CWH), Rush Enterprises, Inc. Class B (RUSHB), Rush Enterprises, Inc. Class A (RUSHA), Asbury Automotive Group (ABG), Group 1 Automotive (GPI), Fincera (YUANF) and Sonic Automotive (SAH).
Who are Carvana's key executives?
Carvana's management team includes the folowing people:
- Mr. Ernest C. Garcia III, Founder, Pres, CEO & Chairman (Age 35)
- Mr. Mark Jenkins, Chief Financial Officer (Age 39)
- Mr. Benjamin Huston, Chief Operating Officer (Age 35)
- Mr. John Mckeon, Sr. Director of Accounting & Controller
- Mr. Michael Louis Levin CFA, VP of Investor Relations
When did Carvana IPO?
(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.
Has Carvana been receiving favorable news coverage?
Headlines about CVNA stock have trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Carvana earned a news sentiment score of 0.14 on Accern's scale. They also assigned media coverage about the company an impact score of 45.95 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near term.
Who are Carvana's major shareholders?
Carvana's stock is owned by many different of institutional and retail investors. Top institutional shareholders include GARCIA ERNEST C II (76.50%), GARCIA ERNEST C II (75.10%), CARVANA COMPANY . (34.80%), CVAN HOLDINGS LLC (30.66%), SPRUCE HOUSE INVESTMENT MANAGEMENT LLC (16.40%) and FMR LLC (6.92%). Company insiders that own Carvana stock include 2014 Fidel Family Trust Dated, Benjamin E Huston, Cvan Holdings Llc, Ernest C Garcia II, Ernest C Garcia III, Goodnow Investment Group, Llc, Ira J Platt, John T Mckeon, Paul W Breaux and Ryan S Keeton. View Institutional Ownership Trends for Carvana.
Which institutional investors are buying Carvana stock?
CVNA stock was purchased by a variety of institutional investors in the last quarter, including Grubman Wealth Management. Company insiders that have bought Carvana stock in the last two years include Ernest C Garcia II, Ernest C Garcia III, Goodnow Investment Group, Llc, Ira J Platt, John T Mckeon and Ryan S Keeton. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Carvana's stock price today?
One share of CVNA stock can currently be purchased for approximately $44.10.
How big of a company is Carvana?
Carvana has a market capitalization of $6.17 billion and generates $858.87 million in revenue each year. The company earns $-18,310,000.00 in net income (profit) each year or ($1.21) on an earnings per share basis. Carvana employs 1,864 workers across the globe.
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)
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.
