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NYSE:CVNA

Carvana - CVNA Stock Forecast, Price & News

$50.98
-1.12 (-2.15%)
(As of 08/15/2022 11:33 AM ET)
Add
Compare
Today's Range
$48.90
$52.19
50-Day Range
$20.23
$52.10
52-Week Range
$19.45
$364.13
Volume
94,854 shs
Average Volume
8.75 million shs
Market Capitalization
$9.62 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$79.76

Carvana MarketRank™ Forecast

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
58.8% Upside
$79.76 Price Target
Short Interest
Healthy
14.56% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-2.52
Upright™ Environmental Score
News Sentiment
0.10mentions of Carvana in the last 14 days
Based on 28 Articles This Week
Insider Trading
Acquiring Shares
$47.54 M Bought Last Quarter
Proj. Earnings Growth
Growing
From ($7.33) to ($4.26) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.63 out of 5 stars

Retail/Wholesale Sector

57th out of 219 stocks

Automotive Dealers & Gasoline Service Stations Industry

2nd out of 25 stocks

CVNA stock logo

About Carvana (NYSE:CVNA) Stock

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.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CVNA shares. Bank of America dropped their price objective on shares of Carvana from $225.00 to $80.00 in a research note on Thursday, May 19th. DA Davidson dropped their price target on shares of Carvana from $49.00 to $42.00 in a research note on Monday, August 8th. Jefferies Financial Group lowered shares of Carvana from a "buy" rating to a "hold" rating and dropped their price target for the stock from $150.00 to $40.00 in a research note on Friday, May 13th. Cowen dropped their price target on shares of Carvana from $142.00 to $95.00 in a research note on Saturday, August 6th. Finally, Wedbush dropped their price target on shares of Carvana from $90.00 to $50.00 and set an "outperform" rating for the company in a research note on Tuesday, July 5th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $79.76.

Carvana Stock Performance

Shares of CVNA opened at $52.10 on Monday. Carvana has a 1 year low of $19.45 and a 1 year high of $364.13. The company has a market cap of $9.83 billion, a price-to-earnings ratio of -7.85 and a beta of 2.68. The company has a debt-to-equity ratio of 7.64, a quick ratio of 0.47 and a current ratio of 2.32. The firm has a fifty day moving average of $27.98 and a 200-day moving average of $74.37.

Carvana (NYSE:CVNA - Get Rating) last announced 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 for the quarter, compared to analyst estimates of $3.99 billion. During the same period last year, the firm posted $0.26 EPS. The business's revenue was up 16.4% compared to the same quarter last year. As a group, equities analysts anticipate that Carvana will post -7.33 earnings per share for the current year.

Insider Buying and Selling

In related news, major shareholder Ernest C. Garcia II acquired 1,191,468 shares of Carvana stock in a transaction that occurred on Monday, June 13th. The stock was acquired at an average price of $20.67 per share, with a total value of $24,627,643.56. Following the completion of the acquisition, the insider now directly owns 2,578,314 shares of the company's stock, valued at approximately $53,293,750.38. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, major shareholder Ernest C. Garcia II acquired 1,191,468 shares of Carvana stock in a transaction that occurred on Monday, June 13th. The stock was acquired at an average price of $20.67 per share, with a total value of $24,627,643.56. Following the completion of the acquisition, the insider now directly owns 2,578,314 shares of the company's stock, valued at approximately $53,293,750.38. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director J Danforth Quayle acquired 18,750 shares of Carvana stock in a transaction that occurred on Tuesday, May 17th. The stock was bought at an average cost of $39.14 per share, with a total value of $733,875.00. Following the acquisition, the director now directly owns 12,500 shares of the company's stock, valued at $489,250. The disclosure for this purchase can be found here. Insiders purchased 2,197,008 shares of company stock valued at $47,538,049 over the last 90 days. 10.70% of the stock is currently owned by company insiders.

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CVNA Stock News Headlines

AutoNation Stock is Firing on All Pistons (CVNA)
Automobile retailer AutoNation (NYSE: AN) stock is a rare sight as its trading up just over 4% in the 2022 bear market.
Carvana Deadline Alert - Benzinga
DA Davidson Cuts Carvana (NYSE:CVNA) Price Target to $42.00
Why Carvana Stock Soared Today
Carvana (NYSE:CVNA) Trading Down 12% Following Analyst Downgrade
Cowen Cuts Carvana (NYSE:CVNA) Price Target to $95.00
Carvana (NYSE:CVNA) Price Target Cut to $95.00
Recap: Carvana Q2 Earnings - Benzinga
See More Headlines
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CVNA Company Calendar

Last Earnings
8/04/2022
Today
8/15/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Automotive dealers & gasoline service stations
Sub-Industry
N/A
Previous Symbol
NASDAQ:CVNA
Fax
N/A
Employees
21,000
Year Founded
2012

Price Target and Rating

Average Stock Price Forecast
$79.76
High Stock Price Forecast
$405.00
Low Stock Price Forecast
$31.00
Forecasted Upside/Downside
+56.5%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
20 Analysts

Profitability

Net Income
$-135,000,000.00
Pretax Margin
-8.16%

Debt

Sales & Book Value

Annual Sales
$12.81 billion
Book Value
$3.04 per share

Miscellaneous

Free Float
155,359,000
Market Cap
$9.62 billion
Optionable
Optionable
Beta
2.69

Social Links















CVNA Stock - Frequently Asked Questions

Should I buy or sell Carvana stock right now?

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Carvana in the last twelve months. There are currently 1 sell rating, 10 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street 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.
View CVNA analyst ratings
or view top-rated stocks.

What is Carvana's stock price forecast for 2022?

20 Wall Street research analysts have issued twelve-month target prices for Carvana's stock. Their CVNA share price forecasts range from $31.00 to $405.00. On average, they anticipate the company's share price to reach $79.76 in the next twelve months. This suggests a possible upside of 53.1% from the stock's current price.
View analysts price targets for CVNA
or view top-rated stocks among Wall Street analysts.

How have CVNA shares performed in 2022?

Carvana's stock was trading at $231.79 at the start of the year. Since then, CVNA shares have decreased by 77.5% and is now trading at $52.10.
View the best growth stocks for 2022 here
.

When is Carvana's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our CVNA earnings forecast
.

How were Carvana's earnings last quarter?

Carvana Co. (NYSE:CVNA) issued its quarterly earnings data on Thursday, August, 4th. The company reported ($2.35) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.75) by $0.60. The business had revenue of $3.88 billion for the quarter, compared to analysts' expectations of $3.99 billion. Carvana had a negative trailing twelve-month return on equity of 115.22% and a negative net margin of 4.24%. The company's revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.26 earnings per share.

What is Ernie Garcia's approval rating as Carvana's CEO?

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.

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), 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).

When did Carvana IPO?

(CVNA) raised $225 million in an initial public offering (IPO) 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 many different institutional and retail investors. Top institutional investors include Baillie Gifford & Co. (6.30%), Spruce House Investment Management LLC (3.55%), FMR LLC (3.00%), Renaissance Technologies LLC (0.72%), TD Asset Management Inc. (0.66%) and Group One Trading L.P. (0.00%). 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.
View institutional ownership trends
.

How do I buy shares of Carvana?

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.
Compare Top Brokerages Here.

What is Carvana's stock price today?

One share of CVNA stock can currently be purchased for approximately $52.10.

How much money does Carvana make?

Carvana (NYSE:CVNA) has a market capitalization of $9.83 billion and generates $12.81 billion in revenue each year. The company earns $-135,000,000.00 in net income (profit) each year or ($6.64) on an earnings per share basis.

How many employees does Carvana have?

The company employs 21,000 workers across the globe.

When was Carvana founded?

Carvana was founded in 2012.

How can I contact Carvana?

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.

This page (NYSE:CVNA) was last updated on 8/15/2022 by MarketBeat.com Staff

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