Carvana - CVNA Stock Forecast, Price & News

21 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Carvana in the last twelve months. There are currently 1 sell rating, 15 hold ratings and 5 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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21 brokerages have issued twelve-month price targets for Carvana's shares. Their CVNA share price forecasts range from $20.00 to $100.00. On average, they expect the company's stock price to reach $47.00 in the next year. This suggests a possible upside of 489.7% from the stock's current price.
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Carvana's stock was trading at $231.79 on January 1st, 2022. Since then, CVNA shares have decreased by 96.6% and is now trading at $7.97.
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Carvana saw a increase in short interest during 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 trading 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.
View our CVNA earnings forecast.

Carvana Co. (NYSE:CVNA) issued its quarterly earnings data on Thursday, November, 3rd. The company reported ($2.67) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.02) by $0.65. The business 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 initial public offering 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 served 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 retail and institutional 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 $7.97.

Carvana (NYSE:CVNA) has a market capitalization of $1.51 billion 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.