Carvana - CVNA Stock Forecast, Price & News

24 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Carvana in the last year. There are currently 2 sell ratings, 18 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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 equities research analysts have issued twelve-month target prices for Carvana's stock. Their CVNA share price forecasts range from $5.00 to $100.00. On average, they anticipate the company's stock price to reach $46.10 in the next twelve months. This suggests a possible upside of 829.4% from the stock's current price.
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Carvana's stock was trading at $231.79 at the beginning of 2022. Since then, CVNA shares have decreased by 97.9% and is now trading at $4.96.
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Carvana saw a increase in short interest in the month of October. As of October 31st, there was short interest totaling 37,560,000 shares, an increase of 8.6% from the October 15th total of 34,570,000 shares. Based on an average daily volume of 12,080,000 shares, the short-interest ratio is presently 3.1 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
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Carvana Co. (NYSE:CVNA) announced its earnings results on Thursday, November, 3rd. The company reported ($2.67) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($2.02) by $0.65. The company earned $3.39 billion during the quarter, compared to the consensus estimate of $3.64 billion. Carvana had a negative net margin of 5.99% and a negative trailing twelve-month return on equity of 191.74%.

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 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.

Carvana trades on the New York Stock Exchange (NYSE) under the ticker symbol "CVNA."

Carvana's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (10.39%), Baillie Gifford & Co. (7.50%), Vanguard Group Inc. (4.53%), CAS Investment Partners LLC (3.62%), Spruce House Investment Management LLC (3.47%) and BlackRock Inc. (2.30%). 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, Spruce House Partnership Llc, 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 $4.96.

Carvana (NYSE:CVNA) has a market capitalization of $936.70 million and generates $12.81 billion in revenue each year. The company earns $-135,000,000.00 in net income (profit) each year or ($8.93) on an earnings per share basis.

The company employs 21,000 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 (480) 719-8809 or via email at investors@carvana.com.