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NYSE:CVNACarvana Stock Price, Forecast & News

$109.12
+17.27 (+18.80 %)
(As of 06/2/2020 04:00 PM ET)
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Today's Range
$92.97
Now: $109.12
$110.50
50-Day Range
$61.35
MA: $88.20
$100.67
52-Week Range
$22.16
Now: $109.12
$115.23
Volume7.14 million shs
Average Volume2.61 million shs
Market Capitalization$18.59 billion
P/E RatioN/A
Dividend YieldN/A
Beta2.37
Carvana Co., together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States. Its platform allows customers to research and identify a vehicle; inspect it using company's proprietary 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. The company was founded in 2012 and is headquartered in Tempe, Arizona.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.2Community Rank: 2.6Dividend Strength: 0.0Insider Behavior: 2.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.48 out of 5 stars


Industry, Sector and Symbol

Industry Automotive dealers & gasoline service stations
Sub-IndustryN/A
SectorRetail/Wholesale
Previous SymbolNASDAQ:CVNA
CUSIPN/A
Phone480-719-8809

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.94 billion
Book Value$1.26 per share

Profitability

Net Income$-114,660,000.00

Miscellaneous

Employees7,324
Market Cap$18.59 billion
Next Earnings Date8/5/2020 (Estimated)
OptionableOptionable

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Carvana (NYSE:CVNA) Frequently Asked Questions

How has Carvana's stock been impacted by COVID-19 (Coronavirus)?

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 92.8% and is now trading at $109.12. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Carvana?

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Carvana in the last year. There are currently 2 sell ratings, 10 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Carvana.

When is Carvana's next earnings date?

Carvana is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for Carvana.

How were Carvana's earnings last quarter?

Carvana Co (NYSE:CVNA) announced its earnings results on Wednesday, May, 6th. The company reported ($1.18) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.63) by $0.55. The company earned $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. Carvana had a negative return on equity of 127.13% and a negative net margin of 3.89%. The firm's quarterly revenue was up 45.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.53) earnings per share. View Carvana's earnings history.

What price target have analysts set for CVNA?

22 brokerages have issued twelve-month price targets for Carvana's stock. Their forecasts range from $24.00 to $127.00. On average, they anticipate Carvana's stock price to reach $90.11 in the next twelve months. This suggests that the stock has a possible downside of 17.4%. View analysts' price targets for Carvana.

What are Wall Street analysts saying about Carvana stock?

Here are some recent quotes from research analysts about Carvana stock:
  • 1. According to Zacks Investment Research, "Carvana Co. provide eCommerce platform for buying used cars. Carvana Co. is headquartered in Phoenix, Arizona. " (5/25/2020)
  • 2. Barrington Research analysts commented, "We believe Q2/19 results should continue to exhibit solid growth characteristics due to industry-wide used vehicle sales growth, continued acceptance of the company’s E- Commerce model and new market launches." (8/5/2019)
  • 3. Wells Fargo & Co analysts commented, "We discussed the industry with Mark Jenkins, CFO of CVNA, and George Arison, Founder and Co-CEO of privately-held Shift, and came away bullish on the potential for accelerating consumer adoption of buying/selling cars online." (7/1/2019)

Has Carvana been receiving favorable news coverage?

Headlines about CVNA stock have trended negative on Wednesday, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Carvana earned a news sentiment score of -2.4 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news aboutCarvana.

Who are some of Carvana's key competitors?

What other stocks do shareholders of Carvana own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Carvana investors own include NVIDIA (NVDA), Micron Technology (MU), Alibaba Group (BABA), Bank of America (BAC), salesforce.com (CRM), Paypal (PYPL), Square (SQ), Visa (V), Home Depot (HD) and Netflix (NFLX).

Who are Carvana's key executives?

Carvana's management team includes the following people:
  • Mr. Ernest C. Garcia III, Founder, Pres, CEO & Chairman (Age 36)
  • Mr. Mark Jenkins, Chief Financial Officer (Age 40)
  • Mr. Benjamin Huston, Chief Operating Officer (Age 36)
  • Mr. Ryan S. Keeton, Chief Brand Officer (Age 41)
  • Mr. Daniel Gill, Chief Product Officer (Age 36)

When did Carvana IPO?

(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 acted as the underwriters for the IPO and Baird, William Blair, BMO Capital Markets and JMP Securities were co-managers.

What is Carvana's stock symbol?

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

Who are Carvana's major shareholders?

Carvana's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Morgan Stanley (4.58%), Lone Pine Capital LLC (3.09%), Spruce House Investment Management LLC (2.62%), CAS Investment Partners LLC (2.32%), BlackRock Inc. (1.29%) and Clearbridge Investments LLC (1.23%). Company insiders that own Carvana stock include Benjamin E Huston, Daniel J Gill, Ddfs Partnership Lp, Ernest C Garcia II, Ira J Platt, Mark W Jenkins, Michael E Maroone, Paul W Breaux, Ryan S Keeton, Spruce House Partnership Llc and Spruce House Partnership Lp. View institutional ownership trends for Carvana.

Which major investors are selling Carvana stock?

CVNA stock was sold by a variety of institutional investors in the last quarter, including Spruce House Investment Management LLC, Bank of New York Mellon Corp, Frontier Capital Management Co. LLC, Lord Abbett & CO. LLC, First Trust Advisors LP, Deutsche Bank AG, JS Capital Management LLC, and BNP Paribas Arbitrage SA. Company insiders that have sold Carvana company stock in the last year include Benjamin E Huston, 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.

Which major investors are buying Carvana stock?

CVNA stock was acquired by a variety of institutional investors in the last quarter, including Morgan Stanley, Lone Pine Capital LLC, CAS Investment Partners LLC, Clearbridge Investments LLC, Canada Pension Plan Investment Board, Grantham Mayo Van Otterloo & Co. LLC, Atreides Management LP, and Scopus Asset Management L.P.. Company insiders that have bought Carvana stock in the last two years include Ernest C Garcia II, Michael E Maroone, and Spruce House Partnership Lp. View insider buying and selling activity for Carvana.

How do I buy shares of 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.

What is Carvana's stock price today?

One share of CVNA stock can currently be purchased for approximately $109.12.

How big of a company is Carvana?

Carvana has a market capitalization of $18.59 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.

What is Carvana's official website?

The official website for Carvana is www.carvana.com.

How can I contact Carvana?

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]

This page was last updated on 6/3/2020 by MarketBeat.com Staff

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