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Renamed Horseshoe to host Poker World Series on Vegas Strip
S&P 500   3,970.99
DOW   32,237.53
QQQ   310.89
MarketBeat Week in Review – 3/20 - 3/24
The gold catalyst we’ve waited for (Ad)
Bank failures and rescue test Yellen's decades of experience
Germany, EU reach agreement in combustion engine row
The gold catalyst we’ve waited for (Ad)
Intel co-founder, philanthropist Gordon Moore dies at 94
'What can we do?': Millions in African countries need power
Forbes mag says this strategy "like finding money in the street" (Ad)pixel
Judge rules online archive's book service violated copyright
Renamed Horseshoe to host Poker World Series on Vegas Strip
S&P 500   3,970.99
DOW   32,237.53
QQQ   310.89
MarketBeat Week in Review – 3/20 - 3/24
The gold catalyst we’ve waited for (Ad)
Bank failures and rescue test Yellen's decades of experience
Germany, EU reach agreement in combustion engine row
The gold catalyst we’ve waited for (Ad)
Intel co-founder, philanthropist Gordon Moore dies at 94
'What can we do?': Millions in African countries need power
Forbes mag says this strategy "like finding money in the street" (Ad)pixel
Judge rules online archive's book service violated copyright
Renamed Horseshoe to host Poker World Series on Vegas Strip
S&P 500   3,970.99
DOW   32,237.53
QQQ   310.89
MarketBeat Week in Review – 3/20 - 3/24
The gold catalyst we’ve waited for (Ad)
Bank failures and rescue test Yellen's decades of experience
Germany, EU reach agreement in combustion engine row
The gold catalyst we’ve waited for (Ad)
Intel co-founder, philanthropist Gordon Moore dies at 94
'What can we do?': Millions in African countries need power
Forbes mag says this strategy "like finding money in the street" (Ad)pixel
Judge rules online archive's book service violated copyright
Renamed Horseshoe to host Poker World Series on Vegas Strip
NYSE:CVNA

Carvana - CVNA Stock Forecast, Price & News

$8.19
-0.16 (-1.92%)
(As of 03/24/2023 12:00 AM ET)
Add
Compare
Today's Range
$7.95
$8.47
50-Day Range
$6.38
$14.45
52-Week Range
$3.55
$149.69
Volume
8.15 million shs
Average Volume
16.12 million shs
Market Capitalization
$1.55 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$36.05

Carvana MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
340.2% Upside
$36.05 Price Target
Short Interest
Bearish
24.51% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-2.66
Upright™ Environmental Score
News Sentiment
-0.24mentions of Carvana in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($7.27) to ($5.79) Per Share

Overall MarketRank

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

1.72 out of 5 stars

Retail/Wholesale Sector

170th out of 209 stocks

Automotive Dealers & Gasoline Service Stations Industry

14th out of 22 stocks


CVNA stock logo

About Carvana (NYSE:CVNA) Stock

Carvana Co. was founded in 2012 by Ernest Garcia and two partners. Today Carvana is a leading used-car dealer nationwide, the fastest growing in the US and well-known for its chain of used car vending machines. The vending machines allow pre-approved buyers to pick up their purchases at one of 32 locations nationwide. Other buyers can have their vehicles delivered directly to their door or to a location of their choice. Ernest Garcia III remains as CEO as of 2022. He and his father, Ernest Garcia II, are among the company’s largest shareholders.

The company operates an e-commerce platform that provides an end-to-end car buying experience without the hassles of dealers or dealerships. The platform can offer no-haggle pricing by leveraging its database of used vehicles and readily available data for local car markets. Buyers can search for and find vehicles, view them using the website's propriety technology, obtain financing and even register their new car or get insurance.

The company’s rise to fame was meteoric. The first vending machine was launched in 2013, leading to the brand's rapid expansion. The 1st fully-automated vending machine was opened in 2015 and then later, in 2017, the company held its initial public offering. The company IPOd on the New York Stock Exchange and saw its share price quickly double, triple, and quadruple as used-car trends and growing brand recognition boosted sales.

The post-IPO years included major acquisitions, including vehicle-data company Carlypso and imaging firm Car360, which greatly enhanced the website and car-buying experience. In 2020, with the onset of the COVID-19 pandemic, the company initiated touchless delivery that allowed consumers to receive their vehicles with minimal interaction. Consumers can also sell their used cars to the company in exchange for cash or trade value. The trade-in business is a source of products for the company and is a key to its success.

All Carvana used cars are inspected a reconditioned by a team of industry professionals. They have no reported fire, frame or flood damage and are certified by CARFAX and AutoCheck data. Once purchased, consumers have 7 days to test drive and return the vehicle with no charge. The total number of retail units sold in F2021 topped 425,000 and resulted in $12.84 billion in revenue, or a growth of 129%. Cars that don’t make the cut are sold off through the wholesale unit, which is a significant portion of the business. The company has a presence in 47 contiguous US states and is planning to deepen and expand its coverage.

Legal issues began to mount in 2021 when the first of several states filed suit against the company. Among the complaints were a failure to properly register vehicles and deliver paperwork to consumers among other violations of state and local car-buying regulations. The suits have resulted in a number of states banning the company from operating, some indefinitely.



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CVNA Stock News Headlines

Advance Auto Parts, The Case For Upside and Dividends (CVNA)
The same used car market dynamics that brought on troubles for Carvana may be the opportunity of the decade for Advance Auto Parts in its latest push for profit
Carvana May Be Able To Reach Profitability This Year
Used car market issues have affected Carvana's 2022 in ways that neither management nor markets were expecting, turnaround plans and financing may bring rewards
BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
Carvana (NYSE:CVNA) Stock Price Up 7.5%
Carvana (NYSE:CVNA) Shares Gap Down to $7.65
BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
CVNA Stock Outlook: Why Carvana Is Doomed to Fail
Ignore the Doomed Bull Case for Carvana Stock
Is the Party Over for Carvana Stock?
Stock Market Sell-Off: Is Carvana a Buy?
Carvana Stock: A Binary Bet
Where Will Carvana Be in 1 Year?
Up 200%, Is Carvana Stock a Buy?
Carvana shares spike again, up 200% year-to-date
Carvana shares spike again, up 282% year-to-date
Why Carvana Stock Was Skyrocketing Today
Carvana Stock: More Fuel for the Bulls
Why Carvana Stock Is Accelerating Again Today
See More Headlines
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CVNA Company Calendar

Last Earnings
2/23/2023
Today
3/25/2023
Next Earnings (Estimated)
4/19/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Automotive dealers & gasoline service stations
Sub-Industry
N/A
Previous Symbol
NASDAQ:CVNA
Fax
N/A
Employees
16,600
Year Founded
2012

Price Target and Rating

Average Stock Price Forecast
$36.05
High Stock Price Forecast
$100.00
Low Stock Price Forecast
$1.00
Forecasted Upside/Downside
+340.2%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
24 Analysts

Profitability

Net Income
$-1,587,000,000.00
Pretax Margin
-21.27%

Debt

Sales & Book Value

Annual Sales
$13.60 billion
Cash Flow
$1.35 per share
Book Value
($5.57) per share

Miscellaneous

Free Float
168,755,000
Market Cap
$1.55 billion
Optionable
Optionable
Beta
2.80

Social Links


Key Executives

  • Ernie Garcia
    Chairman, President & Chief Executive Officer
  • Benjamin HustonBenjamin Huston
    Chief Operating Officer
  • Mark JenkinsMark Jenkins
    Chief Financial Officer
  • Paul BreauxPaul Breaux
    Secretary, Vice President & General Counsel
  • Ryan KeetonRyan Keeton
    Chief Brand Officer













CVNA Stock - Frequently Asked Questions

Should I buy or sell Carvana stock right now?

24 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Carvana in the last twelve months. There are currently 2 sell ratings, 20 hold ratings and 2 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.
View CVNA analyst ratings
or view top-rated stocks.

What is Carvana's stock price forecast for 2023?

24 brokerages have issued 12 month price objectives for Carvana's shares. Their CVNA share price forecasts range from $1.00 to $100.00. On average, they expect the company's stock price to reach $36.05 in the next twelve months. This suggests a possible upside of 340.2% 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 2023?

Carvana's stock was trading at $4.74 at the beginning of 2023. Since then, CVNA stock has increased by 72.8% and is now trading at $8.19.
View the best growth stocks for 2023 here
.

Are investors shorting Carvana?

Carvana saw a drop in short interest in the month of February. As of February 15th, there was short interest totaling 45,910,000 shares, a drop of 14.1% from the January 31st total of 53,440,000 shares. Based on an average daily trading volume, of 29,870,000 shares, the short-interest ratio is presently 1.5 days.
View Carvana's Short Interest
.

When is Carvana's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 19th 2023.
View our CVNA earnings forecast
.

How were Carvana's earnings last quarter?

Carvana Co. (NYSE:CVNA) released its quarterly earnings results on Thursday, February, 23rd. The company reported ($0.97) EPS for the quarter, beating analysts' consensus estimates of ($2.30) by $1.33. The firm earned $2.84 billion during the quarter, compared to analysts' expectations of $3.02 billion. Carvana had a negative net margin of 11.67% and a negative trailing twelve-month return on equity of 1,491.81%.

What guidance has Carvana issued on next quarter's earnings?

Carvana issued an update on its first quarter 2023 earnings guidance on Wednesday, March, 22nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.40 billion-$2.60 billion, compared to the consensus revenue estimate of $2.70 billion.

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 retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (7.50%), Morgan Stanley (7.46%), Spruce House Investment Management LLC (5.30%), Susquehanna International Group LLP (0.00%), Renaissance Technologies LLC (1.58%) and Thrive Capital Management LLC (1.56%). 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, 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 $8.19.

How much money does Carvana make?

Carvana (NYSE:CVNA) has a market capitalization of $1.55 billion and generates $13.60 billion in revenue each year. The company earns $-1,587,000,000.00 in net income (profit) each year or ($15.52) on an earnings per share basis.

How many employees does Carvana have?

The company employs 16,600 workers across the globe.

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 (602) 852-6604 or via email at investors@carvana.com.

This page (NYSE:CVNA) was last updated on 3/25/2023 by MarketBeat.com Staff