Carvana - CVNA Stock Forecast, Price & News

Carvana Co., together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States. The company's 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. Carvana Co. was founded in 2012 and is headquartered in Tempe, Arizona.

Carvana Stock Up 7.0 %

Shares of CVNA traded up $3.59 during midday trading on Tuesday, hitting $54.59. The stock had a trading volume of 12,424,996 shares, compared to its average volume of 8,816,007. The company has a 50 day simple moving average of $29.09 and a two-hundred day simple moving average of $73.57. Carvana has a twelve month low of $19.45 and a twelve month high of $363.09. The firm has a market cap of $10.30 billion, a price-to-earnings ratio of -8.22 and a beta of 2.69. The company has a debt-to-equity ratio of 7.64, a current ratio of 2.32 and a quick ratio of 1.11.

Carvana (NYSE:CVNA - Get Rating) last released its quarterly earnings results on Thursday, August 4th. The company reported ($2.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.75) by ($0.60). Carvana had a negative net margin of 4.24% and a negative return on equity of 115.22%. The firm had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.99 billion. During the same period in the prior year, the business earned $0.26 EPS. The business's revenue for the quarter was up 16.4% compared to the same quarter last year. On average, analysts anticipate that Carvana will post -7.33 EPS for the current year.

Wall Street Analysts Forecast Growth

CVNA has been the topic of a number of recent research reports. Raymond James upgraded Carvana from an "underperform" rating to a "market perform" rating in a research report on Wednesday, July 27th. DA Davidson decreased their price objective on Carvana from $49.00 to $42.00 in a research report on Monday, August 8th. Stifel Nicolaus decreased their price objective on Carvana from $48.00 to $34.00 and set a "hold" rating on the stock in a research report on Tuesday, June 28th. Cowen decreased their price objective on Carvana from $142.00 to $95.00 in a research report on Saturday, August 6th. Finally, JPMorgan Chase & Co. lowered Carvana from a "neutral" rating to an "underweight" rating and raised their price target for the stock from $25.00 to $35.00 in a research report on Monday, August 8th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, Carvana presently has a consensus rating of "Hold" and a consensus price target of $74.05.

Insider Buying and Selling at Carvana

In related news, insider Ryan S. Keeton bought 20,000 shares of the stock in a transaction that occurred on Monday, June 6th. The shares were acquired at an average price of $25.02 per share, with a total value of $500,400.00. Following the completion of the transaction, the insider now owns 54,269 shares in the company, valued at $1,357,810.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Ryan S. Keeton bought 20,000 shares of the stock in a transaction that occurred on Monday, June 6th. The shares were acquired at an average price of $25.02 per share, with a total value of $500,400.00. Following the completion of the transaction, the insider now owns 54,269 shares in the company, valued at $1,357,810.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Daniel J. Gill bought 94,000 shares of the stock in a transaction that occurred on Wednesday, June 15th. The stock was bought at an average cost of $21.77 per share, for a total transaction of $2,046,380.00. Following the transaction, the insider now owns 131,023 shares of the company's stock, valued at approximately $2,852,370.71. The disclosure for this purchase can be found here. Insiders have bought 2,178,258 shares of company stock valued at $46,804,174 in the last 90 days. 17.67% of the stock is currently owned by company insiders.