Carvana (CVNA) to Release Earnings on Wednesday

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Carvana (NYSE:CVNA) will announce its earnings results after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of ($0.39) per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Carvana (NYSE:CVNA) last issued its quarterly earnings results on Wednesday, May 8th. The company reported ($0.53) EPS for the quarter, missing analysts’ consensus estimates of ($0.50) by ($0.03). The firm had revenue of $755.23 million for the quarter, compared to analysts’ expectations of $696.61 million. Carvana had a negative return on equity of 30.85% and a negative net margin of 3.54%. On average, analysts expect Carvana to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Shares of NYSE CVNA opened at $60.97 on Tuesday. Carvana has a 12 month low of $28.44 and a 12 month high of $76.85. The business’s 50-day moving average price is $63.87. The stock has a market capitalization of $9.38 billion, a P/E ratio of -35.24 and a beta of 2.39. The company has a current ratio of 1.39, a quick ratio of 0.56 and a debt-to-equity ratio of 2.73.

In other Carvana news, major shareholder Ernest C. Garcia II sold 394,663 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $66.24, for a total transaction of $26,142,477.12. Following the completion of the sale, the insider now directly owns 52,937,458 shares in the company, valued at $3,506,577,217.92. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ira J. Platt sold 63,719 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $71.31, for a total transaction of $4,543,801.89. Following the sale, the director now owns 82,101 shares of the company’s stock, valued at $5,854,622.31. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,925,489 shares of company stock valued at $124,765,354. 13.02% of the stock is owned by insiders.

CVNA has been the subject of a number of recent analyst reports. Wells Fargo & Co restated a “buy” rating and issued a $85.00 target price on shares of Carvana in a report on Monday, July 1st. Citigroup boosted their target price on shares of Carvana from $80.00 to $90.00 and gave the company a “positive” rating in a report on Thursday, May 9th. ValuEngine downgraded shares of Carvana from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Robert W. Baird boosted their target price on shares of Carvana from $65.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, May 9th. Finally, Barrington Research restated a “hold” rating on shares of Carvana in a report on Monday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $67.92.

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 proprietary 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.

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Earnings History for Carvana (NYSE:CVNA)

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