Carvana (CVNA) Scheduled to Post Earnings on Wednesday

Carvana (NYSE:CVNA) will be issuing its quarterly earnings data after the market closes on Wednesday, November 7th. Analysts expect the company to announce earnings of ($0.37) per share for the quarter.

Carvana (NYSE:CVNA) last posted its quarterly earnings results on Wednesday, August 8th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by ($0.03). Carvana had a negative net margin of 5.30% and a negative return on equity of 33.44%. The business had revenue of $475.29 million during the quarter, compared to analyst estimates of $425.16 million. During the same period in the previous year, the business posted ($0.28) EPS. The business’s revenue for the quarter was up 127.0% compared to the same quarter last year. On average, analysts expect Carvana to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

NYSE CVNA opened at $37.68 on Wednesday. Carvana has a 12-month low of $12.43 and a 12-month high of $72.59. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.47 and a quick ratio of 0.78. The firm has a market capitalization of $5.42 billion, a P/E ratio of -31.14 and a beta of -0.94.



Several analysts recently issued reports on CVNA shares. Wells Fargo & Co lifted their price target on shares of Carvana from $60.00 to $72.00 and gave the company an “outperform” rating in a research report on Monday, October 1st. Wolfe Research started coverage on shares of Carvana in a research report on Tuesday, October 2nd. They issued an “outperform” rating for the company. Citigroup lifted their price target on shares of Carvana from $67.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, September 11th. They noted that the move was a valuation call. Robert W. Baird lifted their price target on shares of Carvana from $53.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, August 9th. Finally, Craig Hallum reissued a “hold” rating on shares of Carvana in a research report on Thursday, September 13th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $55.86.

In other Carvana news, major shareholder Ddfs Partnership Lp sold 253,877 shares of Carvana stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $69.30, for a total transaction of $17,593,676.10. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Ernest C. Garcia II sold 13,249 shares of Carvana stock in a transaction on Tuesday, October 2nd. The stock was sold at an average price of $57.39, for a total transaction of $760,360.11. Following the transaction, the insider now directly owns 52,937,458 shares in the company, valued at $3,038,080,714.62. The disclosure for this sale can be found here. In the last three months, insiders sold 2,471,036 shares of company stock valued at $151,403,886. 21.41% of the stock is currently owned by insiders.

Carvana Company Profile

Carvana Co, together with its subsidiaries, operates an e-commerce platform for buying used cars in the United States. The company purchases, reconditions, sells, and delivers vehicles. Its platform allows customers to research and identify a vehicle; inspect it using company's proprietary 360-degree vehicle imaging technology; obtain financing and warranty coverage; purchase the vehicle; and schedule delivery or pick-up.

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Earnings History for Carvana (NYSE:CVNA)

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