S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
Europe bans Russian diesel, other oil products over Ukraine
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Biden's State of the Union to tout policy wins on economy
How will EU ban and West's price cap on Russian diesel work?
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Evacuations urged in Ohio town as train wreck smolders
It wasn’t me: Ex-UK PM Truss blames 'system' for her failure
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
'Knock at the Cabin' knocks off 'Avatar' at the box office
Ally Financial expands NASCAR spend with 2 new partnerships
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
Europe bans Russian diesel, other oil products over Ukraine
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Biden's State of the Union to tout policy wins on economy
How will EU ban and West's price cap on Russian diesel work?
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Evacuations urged in Ohio town as train wreck smolders
It wasn’t me: Ex-UK PM Truss blames 'system' for her failure
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
'Knock at the Cabin' knocks off 'Avatar' at the box office
Ally Financial expands NASCAR spend with 2 new partnerships
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
Europe bans Russian diesel, other oil products over Ukraine
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Biden's State of the Union to tout policy wins on economy
How will EU ban and West's price cap on Russian diesel work?
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Evacuations urged in Ohio town as train wreck smolders
It wasn’t me: Ex-UK PM Truss blames 'system' for her failure
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
'Knock at the Cabin' knocks off 'Avatar' at the box office
Ally Financial expands NASCAR spend with 2 new partnerships
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
Europe bans Russian diesel, other oil products over Ukraine
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Biden's State of the Union to tout policy wins on economy
How will EU ban and West's price cap on Russian diesel work?
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Evacuations urged in Ohio town as train wreck smolders
It wasn’t me: Ex-UK PM Truss blames 'system' for her failure
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
'Knock at the Cabin' knocks off 'Avatar' at the box office
Ally Financial expands NASCAR spend with 2 new partnerships
NYSE:CVNA

Carvana - CVNA Stock Forecast, Price & News

$14.45
+0.20 (+1.40%)
(As of 02/3/2023 12:00 AM ET)
Add
Compare
Today's Range
$12.95
▼
$16.21
50-Day Range
$3.72
▼
$14.45
52-Week Range
$3.55
▼
$163.18
Volume
61.03 million shs
Average Volume
41.63 million shs
Market Capitalization
$2.73 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$43.65

Carvana MarketRank™ Forecast

Analyst Rating
Hold
2.04 Rating Score
Upside/​Downside
202.1% Upside
$43.65 Price Target
Short Interest
Bearish
29.44% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-2.66
Upright™ Environmental Score
News Sentiment
0.16mentions of Carvana in the last 14 days
Based on 16 Articles This Week
Insider Trading
Acquiring Shares
$2.07 M Bought Last Quarter
Proj. Earnings Growth
Growing
From ($9.90) to ($7.52) Per Share

Overall MarketRank™

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

2.33 out of 5 stars

Retail/Wholesale Sector

63rd out of 212 stocks

Automotive Dealers & Gasoline Service Stations Industry

4th out of 24 stocks

See Top Rated MarketRank™ Stocks Here
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

February 1, 2023 | marketbeat.com
These 2 Healthcare Stocks Have Doubled in 2023 (CVNA)
Wouldn’t it be great if a stock had a bulkier capitalization and 2x potential? This is rare but possible for these two small-mid health care stocks.
January 31, 2023 | marketbeat.com
Carvana Is Up 39.28% In One Week: Is It The Newest Meme Stock?
Carvana more than doubled in the past month, with a one-week gain of 39.28%. The move has the makings of a short squeeze, with echoes of the meme-stock frenzy.
February 5, 2023 | Investor Place Media (Ad)
Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
January 31, 2023 | marketbeat.com
Carvana Is Up 39.28% In One Week: Is It The Newest Meme Stock? (CVNA)
Carvana more than doubled in the past month, with a one-week gain of 39.28%. The move has the makings of a short squeeze, with echoes of the meme-stock frenzy.
January 13, 2023 | marketbeat.com
Carvana Stock Rally, Here's What You Need to Know (CVNA)
Carvana's stock price shot off this week but the rally might be out of proportion to its long-term potential. Let's investigate what happened.
January 13, 2023 | marketbeat.com
Carvana Stock Rally, Here's What You Need to Know
Carvana's stock price shot off this week but the rally might be out of proportion to its long-term potential. Let's investigate what happened.
February 5, 2023 | americanbankingnews.com
Carvana Co. (NYSE:CVNA) Given Average Rating of "Hold" by Analysts
February 5, 2023 | americanbankingnews.com
Carvana Co. (NYSE:CVNA) Receives Average Recommendation of "Hold" from Brokerages
February 5, 2023 | Investor Place Media (Ad)
Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
February 4, 2023 | finance.yahoo.com
Up 200%, Is Carvana Stock a Buy?
February 2, 2023 | finance.yahoo.com
Carvana shares spike again, up 200% year-to-date
February 2, 2023 | finance.yahoo.com
Carvana shares spike again, up 282% year-to-date
February 1, 2023 | americanbankingnews.com
Carvana (NYSE:CVNA) Sees Unusually-High Trading Volume
January 30, 2023 | finance.yahoo.com
Why Carvana Stock Was Skyrocketing Today
January 30, 2023 | finance.yahoo.com
Carvana Stock: More Fuel for the Bulls
January 29, 2023 | americanbankingnews.com
Stock Traders Purchase Large Volume of Carvana Call Options (NYSE:CVNA)
January 26, 2023 | finance.yahoo.com
Carvana to Report Fourth Quarter and Fiscal Year 2022 and Host Quarterly Conference Call on February 23
January 19, 2023 | finance.yahoo.com
Carvana Stock Could Become a ‘More Compelling’ Buyout Target, but Not Just Yet, Says Oppenheimer
January 19, 2023 | barrons.com
Carvana Adopted a ‘Poison Pill’ to Ward Off a Hostile Takeover. The Stock Keeps Bouncing.
January 19, 2023 | bizjournals.com
Carvana adopts ‘poison pill’ to limit shareholders from acquiring majority stake
January 19, 2023 | reuters.com
Carvana adopts 'poison pill', sells $4 billion of auto loans
January 18, 2023 | finance.yahoo.com
Why Carvana Stock Is Accelerating Again Today
January 17, 2023 | finance.yahoo.com
Carvana stock jumps after ‘poison pill’ adopted, exercisable if an investor acquires at least 4.9% stake
January 13, 2023 | benzinga.com
Carvana Options Traders Are Betting The Stock Will Rally By This Much In The Coming Week
January 11, 2023 | finance.yahoo.com
Carvana stock soars to lead NYSE gainers on heavy volume
January 11, 2023 | finance.yahoo.com
Why Carvana Stock Was Flying Higher Today
January 3, 2023 | finance.yahoo.com
Why Lucid, Rivian, and Carvana Stocks Sank Today
See More Headlines
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CVNA Company Calendar

Last Earnings
11/04/2021
Today
2/05/2023
Next Earnings (Confirmed)
2/23/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Automotive dealers & gasoline service stations
Sub-Industry
N/A
Sector
Retail/Wholesale
Current Symbol
NYSE:CVNA
Previous Symbol
NASDAQ:CVNA
CUSIP
N/A
CIK
1690820
Web
www.carvana.com
Phone
(480) 719-8809
Fax
N/A
Employees
21,000
Year Founded
2012

Price Target and Rating

Average Stock Price Forecast
$43.65
High Stock Price Forecast
$100.00
Low Stock Price Forecast
$1.00
Forecasted Upside/Downside
+202.1%
Consensus Rating
Hold
Rating Score (0-4)
2.04
Research Coverage
25 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($8.93)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$-135,000,000.00
Net Margins
-5.99%
Pretax Margin
-11.25%
Return on Equity
-191.74%
Return on Assets
-10.02%

Debt

Debt-to-Equity Ratio
17.69
Current Ratio
2.38
Quick Ratio
1.01

Sales & Book Value

Annual Sales
$14.52 billion
Price / Sales
0.19
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$3.04 per share
Price / Book
4.75

Miscellaneous

Outstanding Shares
188,848,000
Free Float
168,641,000
Market Cap
$2.73 billion
Optionable
Optionable
Beta
2.76

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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













CVNA Stock - Frequently Asked Questions

Should I buy or sell Carvana stock right now?

25 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Carvana in the last year. There are currently 2 sell ratings, 20 hold ratings and 3 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 2023?

25 brokers have issued twelve-month price objectives for Carvana's stock. Their CVNA share price forecasts range from $1.00 to $100.00. On average, they anticipate the company's share price to reach $43.65 in the next twelve months. This suggests a possible upside of 202.1% 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 2023?

Carvana's stock was trading at $4.74 at the beginning of 2023. Since then, CVNA shares have increased by 204.9% and is now trading at $14.45.
View the best growth stocks for 2023 here.

Are investors shorting Carvana?

Carvana saw a increase in short interest during the month of December. As of December 30th, there was short interest totaling 54,100,000 shares, an increase of 7.9% from the December 15th total of 50,130,000 shares. Based on an average daily trading volume, of 20,320,000 shares, the days-to-cover ratio is presently 2.7 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 Thursday, February 23rd 2023.
View our CVNA earnings forecast.

How can I listen to Carvana's earnings call?

Carvana will be holding an earnings conference call on Thursday, February 23rd at 5:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "9303093".

How were Carvana's earnings last quarter?

Carvana Co. (NYSE:CVNA) released its quarterly earnings data on Thursday, November, 4th. The company reported ($0.38) earnings per share for the quarter, missing analysts' consensus estimates of ($0.28) by $0.10. The company had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.28 billion. Carvana had a negative net margin of 5.99% and a negative trailing twelve-month return on equity of 191.74%. The firm's revenue was up 125.4% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.10) 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 a price of $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.

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 investors include Baillie Gifford & Co. (7.50%), Simplex Trading LLC (0.00%), Investmentaktiengesellschaft Fuer Langfristige Investoren TGV (0.23%), PB Investment Partners L.P. (0.17%), SG Americas Securities LLC (0.11%) and New York State Common Retirement Fund (0.05%). 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 $14.45.

How much money does Carvana make?

Carvana (NYSE:CVNA) has a market capitalization of $2.73 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.

How many employees does Carvana have?

The company employs 21,000 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 (480) 719-8809 or via email at investors@carvana.com.

This page (NYSE:CVNA) was last updated on 2/5/2023 by MarketBeat.com Staff