Carvana Co (NYSE:CVNA) – Equities researchers at Wedbush cut their Q1 2018 EPS estimates for shares of Carvana in a research note issued to investors on Wednesday. Wedbush analyst S. Basham now forecasts that the company will earn ($0.40) per share for the quarter, down from their previous forecast of ($0.23). Wedbush also issued estimates for Carvana’s Q2 2018 earnings at ($0.28) EPS, Q3 2018 earnings at ($0.31) EPS, Q4 2018 earnings at ($0.37) EPS, FY2018 earnings at ($1.36) EPS, FY2019 earnings at ($0.96) EPS and FY2020 earnings at ($0.79) EPS.
Carvana (NYSE:CVNA) last released its quarterly earnings data on Tuesday, March 6th. The company reported ($0.36) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.34) by ($0.02). Carvana had a negative return on equity of 74.69% and a negative net margin of 11.17%. The company had revenue of $265.10 million during the quarter, compared to analysts’ expectations of $269.60 million.
Shares of Carvana (CVNA) opened at $18.03 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.60 and a quick ratio of 0.71. Carvana has a 52-week low of $8.14 and a 52-week high of $24.89. The company has a market capitalization of $2,258.18 and a P/E ratio of -14.90.
In other 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 stock was sold at an average price of $22.65, for a total transaction of $24,951,783.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 21.69% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Aperimus Capital LLC acquired a new position in shares of Carvana during the 4th quarter worth approximately $1,602,000. Wells Fargo & Company MN raised its stake in Carvana by 10.8% in the 3rd quarter. Wells Fargo & Company MN now owns 61,623 shares of the company’s stock valued at $905,000 after purchasing an additional 5,998 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Carvana by 34.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 698,660 shares of the company’s stock valued at $10,255,000 after purchasing an additional 180,631 shares during the last quarter. California State Teachers Retirement System acquired a new position in Carvana in the 2nd quarter valued at $551,000. Finally, Gator Capital Management LLC acquired a new position in Carvana in the 4th quarter valued at $493,000. 14.75% of the stock is owned by institutional investors and hedge funds.
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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.
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