Carvana (CVNA) to Release Quarterly Earnings on Wednesday

Carvana (NYSE:CVNA) will likely be posting its earnings data after the market closes on Wednesday, February 19th. Analysts expect Carvana to post earnings of $0.29 per share and revenue of $3.32 billion for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Carvana Price Performance

CVNA stock opened at $270.45 on Wednesday. The stock has a market capitalization of $56.15 billion, a price-to-earnings ratio of 27,071.57 and a beta of 3.37. The company has a quick ratio of 2.12, a current ratio of 3.25 and a debt-to-equity ratio of 18.99. Carvana has a 52-week low of $48.15 and a 52-week high of $272.96. The stock’s fifty day simple moving average is $231.25 and its 200-day simple moving average is $201.27.

Insider Activity

In other Carvana news, insider Ryan S. Keeton sold 24,845 shares of Carvana stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $247.90, for a total transaction of $6,159,075.50. Following the sale, the insider now directly owns 151,029 shares in the company, valued at $37,440,089.10. The trade was a 14.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel J. Gill sold 44,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $259.47, for a total value of $11,416,680.00. Following the transaction, the insider now owns 191,225 shares of the company’s stock, valued at approximately $49,617,150.75. This trade represents a 18.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 123,845 shares of company stock worth $30,742,656 over the last 90 days. Company insiders own 17.12% of the company’s stock.

Analyst Upgrades and Downgrades

CVNA has been the topic of a number of research analyst reports. Evercore ISI raised their price target on Carvana from $240.00 to $245.00 and gave the stock an “in-line” rating in a research note on Tuesday, December 3rd. Piper Sandler boosted their target price on shares of Carvana from $151.00 to $225.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Wells Fargo & Company cut their price target on shares of Carvana from $300.00 to $275.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Morgan Stanley raised shares of Carvana from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $110.00 to $260.00 in a research note on Tuesday, November 5th. Finally, Stephens reaffirmed an “overweight” rating and issued a $300.00 target price on shares of Carvana in a research report on Thursday, February 6th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $249.29.

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.