Carvana (CVNA) Receiving Somewhat Positive Media Coverage, Report Shows
News coverage about Carvana (NYSE:CVNA) has trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Carvana earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned news stories about the company an impact score of 45.7799934939269 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Carvana Co. (CVNA) Forecasted to Earn FY2019 Earnings of $0.19 Per Share (americanbankingnews.com)
- Carvana’s (CVNA) “Sell” Rating Reaffirmed at B. Riley (americanbankingnews.com)
- Carvana (CVNA) Price Target Increased to $23.00 by Analysts at Robert W. Baird (americanbankingnews.com)
- Analyzing Copart (CPRT) and Carvana (CVNA) (americanbankingnews.com)
- Carvana Co. (CVNA) $100M Private Placement of Class A Convertible Preferred Stock (streetinsider.com)
CVNA has been the subject of several recent analyst reports. Zacks Investment Research downgraded Carvana from a “buy” rating to a “sell” rating in a report on Thursday, November 2nd. Barrington Research initiated coverage on Carvana in a research report on Friday, October 27th. They set a “market perform” rating for the company. Wedbush reaffirmed a “neutral” rating and set a $18.14 price objective (down from $20.00) on shares of Carvana in a research report on Friday, September 15th. Susquehanna Bancshares reaffirmed a “neutral” rating and set a $16.00 price objective (up from $12.00) on shares of Carvana in a research report on Friday, August 11th. Finally, Craig Hallum upped their price objective on Carvana from $16.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the stock. Carvana currently has a consensus rating of “Hold” and a consensus price target of $19.77.
Carvana (NYSE:CVNA) last issued its quarterly earnings results on Tuesday, November 7th. The company reported ($0.29) EPS for the quarter, beating the consensus estimate of ($0.30) by $0.01. Carvana had a negative return on equity of 153.67% and a negative net margin of 11.81%. The firm had revenue of $225.40 million during the quarter, compared to analysts’ expectations of $243.61 million. analysts anticipate that Carvana will post -1.19 earnings per share for the current fiscal year.
Carvana Company Profile
Carvana Co is an e-commerce platform for buying used cars. On the Company’s platform, consumers can research and identify a vehicle, inspect it using its proprietary 360-degree vehicle imaging technology, obtain financing and warranty coverage, purchase the vehicle and schedule delivery or pick-up, all from their desktop or mobile devices.
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