Carvana (NYSE:CVNA) will be announcing its earnings results after the market closes on Thursday, May 6th. Analysts expect the company to announce earnings of ($0.66) per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.
Carvana (NYSE:CVNA) last posted its quarterly earnings data on Thursday, February 25th. The company reported ($0.41) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.48) by $0.07. Carvana had a negative return on equity of 43.19% and a negative net margin of 3.06%. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.59 billion. On average, analysts expect Carvana to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
Shares of CVNA stock opened at $289.23 on Wednesday. The company has a quick ratio of 1.42, a current ratio of 3.18 and a debt-to-equity ratio of 1.12. The business has a 50-day moving average price of $272.59 and a two-hundred day moving average price of $259.11. Carvana has a 12-month low of $80.21 and a 12-month high of $323.39. The firm has a market cap of $49.82 billion, a P/E ratio of -105.94 and a beta of 2.52.
CVNA has been the subject of several research analyst reports. Raymond James started coverage on Carvana in a research note on Tuesday, April 13th. They set a “market perform” rating for the company. Zacks Investment Research lowered Carvana from a “hold” rating to a “sell” rating and set a $292.00 price objective for the company. in a research note on Monday, April 26th. Morgan Stanley upgraded Carvana from an “equal weight” rating to an “overweight” rating and set a $420.00 price objective for the company in a research note on Thursday, March 4th. Citigroup increased their price target on Carvana from $305.00 to $350.00 in a research note on Tuesday, March 2nd. Finally, Bank of America raised shares of Carvana from a “neutral” rating to a “buy” rating and set a $350.00 price objective for the company in a report on Monday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $267.62.
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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