Carvana Co. (NYSE:CVNA) – Equities research analysts at William Blair raised their Q3 2020 earnings per share (EPS) estimates for Carvana in a report issued on Tuesday, October 20th. William Blair analyst S. Zackfia now forecasts that the company will earn ($0.20) per share for the quarter, up from their previous forecast of ($0.22). William Blair has a “Buy” rating on the stock. William Blair also issued estimates for Carvana’s Q4 2020 earnings at ($0.47) EPS and FY2020 earnings at ($2.41) EPS.
CVNA has been the topic of a number of other research reports. Wells Fargo & Company lifted their target price on shares of Carvana from $175.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Edward Jones began coverage on shares of Carvana in a research report on Monday, October 5th. They issued an “outperform” rating and a $272.00 target price on the stock. Goldman Sachs Group lifted their target price on shares of Carvana from $205.00 to $270.00 and gave the stock a “positive” rating in a research report on Wednesday, October 7th. ValuEngine upgraded shares of Carvana from a “hold” rating to a “buy” rating in a research report on Thursday, October 1st. Finally, Citigroup raised their price target on shares of Carvana from $120.00 to $240.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $200.41.
Shares of NYSE:CVNA opened at $202.64 on Friday. The stock has a market cap of $34.58 billion, a PE ratio of -59.43 and a beta of 2.50. The company’s fifty day moving average is $200.93 and its 200 day moving average is $143.31. Carvana has a 52 week low of $22.16 and a 52 week high of $242.15. The company has a quick ratio of 2.52, a current ratio of 4.21 and a debt-to-equity ratio of 0.99.
Carvana (NYSE:CVNA) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.62) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.86) by $0.24. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Carvana had a negative net margin of 4.10% and a negative return on equity of 83.73%.
In other Carvana news, insider Daniel J. Gill sold 337,500 shares of Carvana stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $202.38, for a total value of $68,303,250.00. Following the completion of the transaction, the insider now directly owns 347,245 shares of the company’s stock, valued at $70,275,443.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ryan S. Keeton sold 10,000 shares of Carvana stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $217.55, for a total transaction of $2,175,500.00. Following the completion of the transaction, the insider now directly owns 25,670 shares of the company’s stock, valued at $5,584,508.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 646,000 shares of company stock valued at $132,061,490. 12.25% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of the business. Signaturefd LLC raised its holdings in Carvana by 22.1% in the second quarter. Signaturefd LLC now owns 387 shares of the company’s stock worth $47,000 after buying an additional 70 shares during the last quarter. Ingalls & Snyder LLC raised its holdings in Carvana by 5.7% in the third quarter. Ingalls & Snyder LLC now owns 1,835 shares of the company’s stock worth $409,000 after buying an additional 99 shares during the last quarter. Stephenson National Bank & Trust raised its holdings in Carvana by 9.7% in the second quarter. Stephenson National Bank & Trust now owns 1,724 shares of the company’s stock worth $207,000 after buying an additional 153 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of Carvana by 400.0% during the second quarter. Steward Partners Investment Advisory LLC now owns 250 shares of the company’s stock valued at $30,000 after purchasing an additional 200 shares during the last quarter. Finally, ETRADE Capital Management LLC raised its holdings in shares of Carvana by 4.7% during the second quarter. ETRADE Capital Management LLC now owns 6,378 shares of the company’s stock valued at $767,000 after purchasing an additional 285 shares during the last quarter. 49.70% of the stock is owned by institutional investors and hedge funds.
Carvana Company Profile
Carvana Co, together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States. Its 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.
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