Carvana (CVNA) to Release Earnings on Thursday


Share on StockTwits

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.

In related news, major shareholder Ernest C. Garcia II sold 50,000 shares of the firm’s stock in a transaction dated Friday, April 30th. The shares were sold at an average price of $285.30, for a total value of $14,265,000.00. Following the completion of the sale, the insider now owns 6,300 shares in the company, valued at $1,797,390. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Ernest C. Garcia II sold 100 shares of the firm’s stock in a transaction dated Thursday, February 4th. The shares were sold at an average price of $290.83, for a total transaction of $29,083.00. Following the completion of the sale, the insider now owns 100 shares of the company’s stock, valued at approximately $29,083. The disclosure for this sale can be found here. Insiders sold a total of 912,645 shares of company stock valued at $254,437,419 in the last 90 days. Company insiders own 12.25% of the company’s stock.

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.

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.

Featured Article: What is the price-to-earnings growth (PEG) ratio?

Earnings History for Carvana (NYSE:CVNA)

Receive News & Ratings for Carvana Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carvana and related companies with MarketBeat.com's FREE daily email newsletter.