Carvana Stock Forecast, Price & News

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.
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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.

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

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.

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.

Some companies that are related to Carvana include Copart (CPRT), CarMax (KMX), IAA (IAA), Lithia Motors (LAD), Casey's General Stores (CASY), AutoNation (AN), Vroom (VRM), Penske Automotive Group (PAG), Murphy USA (MUSA), Camping World (CWH), KAR Auction Services (KAR), Asbury Automotive Group (ABG), Group 1 Automotive (GPI), Rush Enterprises (RUSHA) and Rush Enterprises (RUSHB).
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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).

(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.

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 (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.

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.

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.

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 $249.14.

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.

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]