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NYSE:CVNA

Carvana - CVNA Stock Forecast, Price & News

$52.10
+1.97 (+3.93%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$48.05
$52.50
50-Day Range
$20.23
$52.10
52-Week Range
$19.45
$364.13
Volume
9.46 million shs
Average Volume
8.81 million shs
Market Capitalization
$9.01 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
53.1% Upside
$79.76 Price Target
Short Interest
Healthy
15.88% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-2.52
Upright™ Environmental Score
News Sentiment
-0.08mentions of Carvana in the last 14 days
Based on 30 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.

2.51 out of 5 stars

Retail/Wholesale Sector

77th out of 221 stocks

Automotive Dealers & Gasoline Service Stations Industry

4th 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.

Carvana Stock Up 0.5 %

Shares of NYSE:CVNA traded up $0.23 on Friday, reaching $50.36. 203,005 shares of the company's stock traded hands, compared to its average volume of 12,659,514. The business's 50 day simple moving average is $27.47 and its two-hundred day simple moving average is $75.96. Carvana has a 12 month low of $19.45 and a 12 month high of $365.04. The company has a market cap of $9.50 billion, a price-to-earnings ratio of -7.46 and a beta of 2.68. The company has a quick ratio of 0.47, a current ratio of 2.32 and a debt-to-equity ratio of 7.64.

Carvana (NYSE:CVNA - Get Rating) last posted its quarterly earnings results on Thursday, August 4th. The company reported ($2.35) earnings per share for the quarter, missing the consensus estimate of ($1.75) by ($0.60). The company had revenue of $3.88 billion during the quarter, compared to analysts' expectations of $3.99 billion. Carvana had a negative return on equity of 115.22% and a negative net margin of 4.24%. The business's quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.26 EPS. As a group, equities research analysts forecast that Carvana will post -7.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CVNA shares. Truist Financial cut their target price on shares of Carvana from $160.00 to $80.00 and set a "na" rating on the stock in a report on Monday, May 16th. Morgan Stanley cut their price target on shares of Carvana from $105.00 to $75.00 and set an "equal weight" rating on the stock in a report on Thursday, July 14th. Stifel Nicolaus lowered their price objective on shares of Carvana from $48.00 to $34.00 and set a "hold" rating for the company in a research note on Tuesday, June 28th. Robert W. Baird cut their target price on Carvana from $125.00 to $65.00 in a research note on Wednesday, May 11th. Finally, Cowen lowered their price target on Carvana from $142.00 to $95.00 in a research report on Saturday, August 6th. One analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Carvana currently has a consensus rating of "Hold" and a consensus target price of $79.76.

Insider Activity

In related news, Director J Danforth Quayle purchased 18,750 shares of the stock in a transaction dated Tuesday, May 17th. The stock was purchased at an average price of $39.14 per share, with a total value of $733,875.00. Following the transaction, the director now directly owns 12,500 shares in the company, valued at $489,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Carvana news, insider Paul W. Breaux bought 14,000 shares of Carvana stock in a transaction on Tuesday, May 31st. The stock was acquired at an average price of $31.09 per share, with a total value of $435,260.00. Following the acquisition, the insider now owns 78,240 shares in the company, valued at $2,432,481.60. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director J Danforth Quayle purchased 18,750 shares of the firm's stock in a transaction dated Tuesday, May 17th. The stock was acquired at an average price of $39.14 per share, with a total value of $733,875.00. Following the purchase, 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 worth $47,538,049 over the last three months. 10.70% of the stock is currently owned by corporate 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.
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
8/12/2022
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
+53.1%
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
$4.58 per share

Miscellaneous

Free Float
154,490,000
Market Cap
$9.01 billion
Optionable
Optionable
Beta
2.68

Social Links















CVNA Stock - Frequently Asked Questions

Should I buy or sell Carvana stock right now?

20 Wall Street research 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 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.
View CVNA analyst ratings
or view top-rated stocks.

What is Carvana's stock price forecast for 2022?

20 equities research analysts have issued 12 month price objectives for Carvana's stock. Their CVNA share price forecasts range from $31.00 to $405.00. On average, they expect the company's stock price to reach $79.76 in the next twelve months. This suggests a possible upside of 57.4% 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 stock has decreased by 78.1% and is now trading at $50.66.
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) posted its quarterly earnings data on Thursday, August, 4th. The company reported ($2.35) earnings per share for the quarter, missing analysts' consensus estimates of ($1.75) by $0.60. The business earned $3.88 billion during 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 quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.26 EPS.

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 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.

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 retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (6.30%), FMR LLC (3.00%), TD Asset Management Inc. (0.66%), Group One Trading L.P. (0.00%), Vantage Investment Partners LLC (0.49%) and Bank of Nova Scotia (0.36%). 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 $50.66.

How much money does Carvana make?

Carvana (NYSE:CVNA) has a market capitalization of $9.56 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 8/12/2022 by MarketBeat.com Staff

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