Carvana Co (NYSE:CVNA) – Investment analysts at William Blair cut their Q1 2018 earnings per share (EPS) estimates for shares of Carvana in a report issued on Wednesday. William Blair analyst S. Zackfia now expects that the company will post earnings of ($0.41) per share for the quarter, down from their prior estimate of ($0.23). William Blair also issued estimates for Carvana’s Q2 2018 earnings at ($0.28) EPS, Q3 2018 earnings at ($0.31) EPS, Q4 2018 earnings at ($0.42) EPS, FY2018 earnings at ($1.41) EPS, FY2019 earnings at ($0.62) EPS and FY2020 earnings at $0.36 EPS.
Carvana (NYSE:CVNA) last issued its earnings results on Tuesday, March 6th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by ($0.02). The firm had revenue of $265.10 million during the quarter, compared to the consensus estimate of $269.60 million. Carvana had a negative return on equity of 74.69% and a negative net margin of 11.17%.
Carvana (CVNA) opened at $18.03 on Friday. The stock has a market cap of $2,390.00 and a P/E ratio of -14.09. Carvana has a 52 week low of $8.14 and a 52 week high of $24.89. The company has a quick ratio of 0.71, a current ratio of 1.60 and a debt-to-equity ratio of 0.27.
In other Carvana news, major shareholder 2014 Fidel Family Trust Dated sold 1,101,624 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $22.65, for a total transaction of $24,951,783.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 21.69% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in CVNA. Geode Capital Management LLC increased its stake in shares of Carvana by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 131,742 shares of the company’s stock worth $2,518,000 after purchasing an additional 2,788 shares in the last quarter. Virtu Financial LLC increased its stake in shares of Carvana by 13.7% in the fourth quarter. Virtu Financial LLC now owns 33,253 shares of the company’s stock worth $636,000 after purchasing an additional 4,003 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in Carvana by 17.9% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 29,247 shares of the company’s stock valued at $560,000 after acquiring an additional 4,447 shares in the last quarter. Wells Fargo & Company MN grew its stake in Carvana by 10.8% during the third quarter. Wells Fargo & Company MN now owns 61,623 shares of the company’s stock valued at $905,000 after acquiring an additional 5,998 shares in the last quarter. Finally, MetLife Investment Advisors LLC purchased a new position in Carvana during the fourth quarter valued at $133,000. 14.75% of the stock is owned by institutional investors and hedge funds.
TRADEMARK VIOLATION NOTICE: This story was first published by Ticker Report and is the sole property of of Ticker Report. If you are viewing this story on another site, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark laws. The original version of this story can be read at https://www.tickerreport.com/banking-finance/3252312/carvana-co-forecasted-to-post-q1-2018-earnings-of-0-41-per-share-cvna.html.
Carvana Company Profile
Carvana Co is an e-commerce platform for buying used cars. On the Company’s platform, consumers can research and identify a vehicle, inspect it using its proprietary 360-degree vehicle imaging technology, obtain financing and warranty coverage, purchase the vehicle and schedule delivery or pick-up, all from their desktop or mobile devices.
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.