Carvana (CVNA) Scheduled to Post Earnings on Wednesday

Carvana (NYSE:CVNA) is scheduled to announce its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of ($0.80) per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Carvana (NYSE:CVNA) last issued its quarterly earnings results on Thursday, February 22nd. The company reported ($1.00) EPS for the quarter, missing analysts’ consensus estimates of ($0.95) by ($0.05). The company had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same period in the prior year, the company earned ($0.97) earnings per share. The business’s revenue was down 14.6% compared to the same quarter last year. On average, analysts expect Carvana to post $-3 EPS for the current fiscal year and $-3 EPS for the next fiscal year.

Carvana Stock Down 0.6 %

CVNA stock opened at $83.83 on Tuesday. The stock’s 50 day moving average is $78.09 and its two-hundred day moving average is $54.27. Carvana has a 52-week low of $6.70 and a 52-week high of $94.04. The company has a market capitalization of $16.93 billion, a PE ratio of 155.24 and a beta of 3.32.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CVNA. William Blair upgraded shares of Carvana from a “market perform” rating to an “outperform” rating in a research note on Friday, February 23rd. Wedbush reissued a “neutral” rating and issued a $80.00 target price (up previously from $60.00) on shares of Carvana in a research report on Thursday, April 25th. Evercore ISI cut their target price on shares of Carvana from $78.00 to $77.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 16th. JPMorgan Chase & Co. lifted their price target on Carvana from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, April 18th. Finally, Morgan Stanley increased their target price on Carvana from $32.00 to $45.00 and gave the stock an “underweight” rating in a report on Monday, February 26th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $56.75.

Insider Buying and Selling at Carvana

In related news, insider Paul W. Breaux sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $89.00, for a total transaction of $1,780,000.00. Following the sale, the insider now owns 115,032 shares of the company’s stock, valued at $10,237,848. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Carvana news, insider Paul W. Breaux sold 15,000 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $69.00, for a total value of $1,035,000.00. Following the sale, the insider now directly owns 150,126 shares in the company, valued at $10,358,694. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Paul W. Breaux sold 20,000 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $89.00, for a total transaction of $1,780,000.00. Following the completion of the sale, the insider now directly owns 115,032 shares of the company’s stock, valued at $10,237,848. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 187,883 shares of company stock valued at $15,505,178. Company insiders own 17.12% of the company’s stock.

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 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.