Carvana Co (NYSE:CVNA) – Investment analysts at William Blair cut their Q2 2020 earnings per share estimates for Carvana in a research report issued on Tuesday, July 28th. William Blair analyst S. Zackfia now expects that the company will post earnings of ($0.85) per share for the quarter, down from their previous estimate of ($0.84). William Blair has a “Buy” rating on the stock. William Blair also issued estimates for Carvana’s Q4 2020 earnings at ($0.62) EPS, FY2020 earnings at ($3.33) EPS and FY2021 earnings at ($2.57) EPS.

Carvana (NYSE:CVNA) last posted its earnings results on Wednesday, May 6th. The company reported ($1.18) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.63) by ($0.55). Carvana had a negative net margin of 3.89% and a negative return on equity of 127.13%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the business earned ($0.53) earnings per share. Carvana’s revenue was up 45.4% on a year-over-year basis.

Other equities research analysts have also recently issued reports about the company. Robert W. Baird raised their target price on Carvana from $105.00 to $148.00 in a research report on Wednesday, July 8th. JPMorgan Chase & Co. lifted their price objective on Carvana from $75.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, July 10th. They noted that the move was a valuation call. Morgan Stanley lifted their price objective on Carvana from $23.00 to $24.00 and gave the stock an “underweight” rating in a report on Thursday, May 7th. B. Riley lowered their price objective on Carvana from $125.00 to $105.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Finally, Oppenheimer lifted their price objective on Carvana from $95.00 to $127.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $110.32.

NYSE:CVNA opened at $154.95 on Friday. Carvana has a 52 week low of $22.16 and a 52 week high of $157.74. The company has a quick ratio of 0.49, a current ratio of 1.24 and a debt-to-equity ratio of 82.86. The stock has a market capitalization of $26.40 billion, a PE ratio of -45.98 and a beta of 2.39. The stock’s 50-day moving average price is $131.36 and its 200-day moving average price is $93.31.

Hedge funds have recently added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Carvana by 516.5% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,592 shares of the company’s stock valued at $538,000 after buying an additional 4,685 shares during the period. Virginia Retirement Systems ET AL purchased a new stake in Carvana in the first quarter valued at approximately $270,000. Westpac Banking Corp purchased a new stake in Carvana in the first quarter valued at approximately $1,685,000. Swiss National Bank raised its position in Carvana by 2.4% in the first quarter. Swiss National Bank now owns 92,700 shares of the company’s stock valued at $5,107,000 after purchasing an additional 2,200 shares during the period. Finally, State Street Corp raised its position in Carvana by 0.9% in the first quarter. State Street Corp now owns 633,504 shares of the company’s stock valued at $34,900,000 after purchasing an additional 5,551 shares during the period. 50.60% of the stock is currently owned by hedge funds and other institutional investors.

About Carvana

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 proprietary 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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Earnings History and Estimates for Carvana (NYSE:CVNA)

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