Carvana Stock Forecast, Price & News

20 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Carvana in the last year. There are currently 1 sell rating, 10 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Carvana stock. 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 analyst ratings for Carvana or view top-rated stocks.

20 brokers have issued 1-year price objectives for Carvana's stock. Their CVNA stock forecasts range from $34.00 to $410.00. On average, they predict Carvana's stock price to reach $113.50 in the next twelve months. This suggests a possible upside of 419.0% from the stock's current price.
View analysts' price targets for Carvana or view top-rated stocks among Wall Street analysts.

Carvana's stock was trading at $231.79 at the start of the year. Since then, CVNA shares have decreased by 90.6% and is now trading at $21.87.
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Carvana is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for Carvana.

Carvana Co. (NYSE:CVNA) announced its earnings results on Wednesday, April, 20th. The company reported ($2.89) earnings per share for the quarter, missing analysts' consensus estimates of ($1.72) by $1.17. The firm had revenue of $3.50 billion for the quarter, compared to analysts' expectations of $3.37 billion. Carvana had a negative trailing twelve-month return on equity of 53.77% and a negative net margin of 2.55%. The firm's quarterly revenue was up 55.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.46) EPS.
View Carvana's earnings history.

318 employees have rated Carvana CEO Ernie Garcia on Glassdoor.com. Ernie Garcia has an approval rating of 78% among Carvana's employees.

Some companies that are related to Carvana include CarMax (KMX), Penske Automotive Group (PAG), Lithia Motors (LAD), AutoNation (AN), Casey's General Stores (CASY), Murphy USA (MUSA), IAA (IAA), Asbury Automotive Group (ABG), Group 1 Automotive (GPI), Rush Enterprises (RUSHA), KAR Auction Services (KAR), Camping World (CWH), Sonic Automotive (SAH), Renren (RENN) and America's Car-Mart (CRMT).
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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), Square (SQ) and Walt Disney (DIS).

(CVNA) raised $225 million in an 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.

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

Shares of CVNA 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.
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One share of CVNA stock can currently be purchased for approximately $21.87.

Carvana (NYSE:CVNA) has a market capitalization of $3.78 billion and generates $12.81 billion in revenue each year. The company earns $-135 million in net income (profit) each year or ($4.03) on an earnings per share basis.

Carvana employs 21,000 workers across the globe.

Carvana was founded in 2012.

Carvana's mailing address is 1930 WEST RIO SALADO PARKWAY, TEMPE AZ, 85281. The official website for Carvana is www.carvana.com. The company can be reached via phone at (480) 719-8809 or via email at investors@carvana.com.