Carvana Co is a auto & truck dealership company located in Arizona, United States, which is part of the Consumer Cyclical sector, and is traded under the ticker CVNA on the NYSE exchange.
Carvana Co stock last closed at $31.62, up 2.23% from the previous day, and has increased 323.29% in one year. It has overperformed other stocks in the Auto & Truck Dealerships industry by 3.06 percentage points. Carvana Co stock is currently +790.7% from its 52-week low of $3.55, and -44.71% from its 52-week high of $57.19.
There are currently 199.65M shares of CVNA outstanding. The market cap of CVNA is $6.31B. In the last 24 hours, 5.36M CVNA shares were traded.
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After you have decided on the best place to buy Carvana Co stock, it's absolutely critical to analyze their stock prior to buying, so you actually wrap your head around the risk and upside.
WallStreetZen was designed to help average investors do more accurate fundamental analysis quickly.
You can view all of the due diligence checks on CVNA's stock page.
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge CVNA's intrinsic value.
Using relative valuations metrics:
You can do additional valuation research on CVNA's stock here.
Out of 12 Equities analysts who track CVNA, the consensus analyst rating on Carvana Co is a Sell
Please note that analyst ratings are not recommendations, nor are they financial advice.
John Colantuoni, a top 34% analyst from Jefferies downgrades CVNA to a sell rating and lowers their CVNA price target from $55.00 to $30.00, on Jul 31, 2023.
Jefferies's John Colantuoni downgraded their rating on Carvana Co (NYSE: CVNA) from Hold to Sell on 2023/07/31. The analyst also lowered their price target by 45.45% from $55.00 to $30.00.
It appears that the Street overestimated the sustainability of the company's recently improved profitability, which was driven by transitory tailwinds "that will abate in the upcoming months," the analyst bearishly argued.
"Short-lived tailwinds" are inflating the company's near-term profitability and pushing estimates too high, Colantuoni detailed, noting that any estimate downside will reanimate questions about the viability of Carvana's business model.
On top of that, Carvana's new balance sheet formed after the recent debt cut still requires a significant improvement in unit economics, the analyst argued.
For Q2 2023, Carvana reported:
For Q3 2023, management guided:
CEO Ernie Garcia commented: “Carvana performed exceptionally well in Q2 and set Company records for EBITDA and gross profit per unit, which was up 94% Y/Y, all while continuing to lower expenses.
"Our strong execution has made the business fundamentally better, and combined with today’s agreement with noteholders that reduces our cash interest expense and total debt outstanding, gives us great confidence that we are on the right path to complete our three-step plan and return to growth."
Daniel Imbro, a top 8% analyst from Stephens & Co. maintains CVNA with a hold rating and raises their CVNA price target from $9.00 to $42.00, on Jul 25, 2023.
Ronald Josey, a top 5% analyst from Citigroup maintains CVNA with a hold rating and raises their CVNA price target from $25.00 to $50.00, on Jul 21, 2023.
Rajat Gupta, a top 11% analyst from JP Morgan maintains CVNA with a strong sell rating and raises their CVNA price target from $10.00 to $15.00, on Jul 20, 2023.
Zachary Fadem, a top 1% analyst from Wells Fargo maintains CVNA with a hold rating and raises their CVNA price target from $15.00 to $50.00, on Jul 20, 2023.
You can dig deeper into what analysts are forecasting on the Carvana Co stock forecast page.
Last year, CVNA revenue was $11.18B. Over the past five year, CVNA's revenue has grown by 46.89% per year. This was faster than the Auto & Truck Dealerships industry average of 18.04%.
Find out more about CVNA's earnings and revenue performance here.
In the past 12 months, executives and large shareholders at CVNA have bought more shares than they have sold.
Stephen R. Palmer, Vice President of Accounting of CVNA, was the latest CVNA insider to sell. They sold $831.68 worth of CVNA stock on Nov 1, 2023.
Get more info about who owns CVNA shares here.
No, Carvana Co doesn't provide an income stream by paying out dividends.
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