Carvana - CVNA Stock Forecast, Price & News

24 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Carvana in the last twelve months. There are currently 2 sell ratings, 20 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research 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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24 brokerages have issued 12 month price objectives for Carvana's shares. Their CVNA share price forecasts range from $1.00 to $100.00. On average, they expect the company's stock price to reach $36.05 in the next twelve months. This suggests a possible upside of 340.2% from the stock's current price.
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Carvana's stock was trading at $4.74 at the beginning of 2023. Since then, CVNA stock has increased by 72.8% and is now trading at $8.19.
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Carvana saw a drop in short interest in the month of February. As of February 15th, there was short interest totaling 45,910,000 shares, a drop of 14.1% from the January 31st total of 53,440,000 shares. Based on an average daily trading volume, of 29,870,000 shares, the short-interest ratio is presently 1.5 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 19th 2023.
View our CVNA earnings forecast.

Carvana Co. (NYSE:CVNA) released its quarterly earnings results on Thursday, February, 23rd. The company reported ($0.97) EPS for the quarter, beating analysts' consensus estimates of ($2.30) by $1.33. The firm earned $2.84 billion during the quarter, compared to analysts' expectations of $3.02 billion. Carvana had a negative net margin of 11.67% and a negative trailing twelve-month return on equity of 1,491.81%.

ETFs with the largest weight of Carvana (NYSE:CVNA) stock in their portfolio include SPDR S&P Retail ETF (XRT), Amplify Online Retail ETF (IBUY), Direxion Daily Retail Bull 3X Shares (RETL), First Trust S-Network E-Commerce ETF (ISHP), Global X Founder-Run Companies ETF (BOSS), Fidelity Growth Opportunities ETF (FGRO), Invesco NASDAQ Internet ETF (PNQI) and Global X Millennials Consumer ETF (MILN).

Carvana issued an update on its first quarter 2023 earnings guidance on Wednesday, March, 22nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.40 billion-$2.60 billion, compared to the consensus revenue estimate of $2.70 billion.

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 $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 many different retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (7.50%), Morgan Stanley (7.46%), Spruce House Investment Management LLC (5.30%), Susquehanna International Group LLP (0.00%), Renaissance Technologies LLC (1.58%) and Thrive Capital Management LLC (1.56%). 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, 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 $8.19.

Carvana (NYSE:CVNA) has a market capitalization of $1.55 billion and generates $13.60 billion in revenue each year. The company earns $-1,587,000,000.00 in net income (profit) each year or ($15.52) on an earnings per share basis.

The company employs 16,600 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 (602) 852-6604 or via email at investors@carvana.com.