Carvana (CVNA) to Release Earnings on Wednesday

Carvana (NYSE:CVNA) will release its earnings data after the market closes on Wednesday, July 31st. Analysts expect Carvana to post earnings of $0.00 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Carvana (NYSE:CVNA) last released its earnings results on Wednesday, May 1st. The company reported ($0.41) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.76) by $0.35. The company had revenue of $3.06 billion during the quarter, compared to analyst estimates of $2.72 billion. On average, analysts expect Carvana to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Carvana Stock Performance

Shares of CVNA stock opened at $127.66 on Tuesday. The firm has a market capitalization of $25.86 billion, a price-to-earnings ratio of 55.99 and a beta of 3.37. Carvana has a one year low of $25.09 and a one year high of $147.25. The company has a 50 day moving average price of $118.68 and a 200 day moving average price of $90.24.

Insider Transactions at Carvana

In other Carvana news, major shareholder Ernest C. Garcia II sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $83.03, for a total value of $4,151,500.00. Following the transaction, the insider now directly owns 3,112,500 shares of the company’s stock, valued at approximately $258,430,875. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Carvana news, major shareholder Ernest C. Garcia II sold 50,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $83.03, for a total transaction of $4,151,500.00. Following the completion of the transaction, the insider now directly owns 3,112,500 shares of the company’s stock, valued at approximately $258,430,875. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Thomas Taira sold 68,556 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $102.74, for a total transaction of $7,043,443.44. Following the completion of the sale, the insider now owns 186,397 shares in the company, valued at approximately $19,150,427.78. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,501,446 shares of company stock valued at $295,607,431. 17.12% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CVNA shares. BTIG Research began coverage on Carvana in a research report on Friday, July 12th. They issued a “buy” rating and a $155.00 target price on the stock. William Blair reaffirmed an “outperform” rating on shares of Carvana in a research note on Thursday, May 2nd. JMP Securities reissued a “market outperform” rating and set a $150.00 target price on shares of Carvana in a research report on Wednesday, July 10th. TD Cowen lifted their price target on shares of Carvana from $58.00 to $70.00 and gave the company a “hold” rating in a research report on Monday, April 29th. Finally, Royal Bank of Canada increased their price objective on shares of Carvana from $90.00 to $130.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $105.14.

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.