Carvana (CVNA) Expected to Announce Quarterly Earnings on Wednesday

Carvana (NYSE:CVNA - Get Free Report) will likely be releasing its Q4 2024 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. Investors that wish to register for the company's conference call can do so using this link.

Carvana (NYSE:CVNA - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.27. The company had revenue of $3.55 billion during the quarter, compared to analysts' expectations of $3.32 billion. On average, analysts expect Carvana to post $1 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Carvana Trading Down 12.0 %

Shares of Carvana stock traded down $33.79 on Thursday, reaching $248.03. The company had a trading volume of 13,137,088 shares, compared to its average volume of 3,995,622. The firm's 50 day moving average price is $234.84 and its two-hundred day moving average price is $206.90. The firm has a market cap of $51.50 billion, a PE ratio of 24,827.83 and a beta of 3.37. Carvana has a 52-week low of $48.15 and a 52-week high of $292.84. The company has a debt-to-equity ratio of 18.99, a quick ratio of 2.12 and a current ratio of 3.25.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Piper Sandler upped their target price on shares of Carvana from $151.00 to $225.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st. Stephens reaffirmed an "overweight" rating and set a $300.00 target price on shares of Carvana in a research note on Thursday, February 6th. Evercore ISI upped their target price on shares of Carvana from $240.00 to $245.00 and gave the stock an "in-line" rating in a research note on Tuesday, December 3rd. JPMorgan Chase & Co. upped their target price on shares of Carvana from $300.00 to $350.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Finally, DA Davidson increased their price objective on shares of Carvana from $220.00 to $260.00 and gave the company a "neutral" rating in a research report on Thursday. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $259.00.

Insider Activity at Carvana

In other Carvana news, insider Ryan S. Keeton sold 24,845 shares of the stock in a transaction on Thursday, December 12th. The shares were 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 of the company's stock, valued at approximately $37,440,089.10. This represents a 14.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark W. Jenkins sold 10,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $255.07, for a total transaction of $2,550,700.00. Following the sale, the chief financial officer now directly owns 189,761 shares in the company, valued at $48,402,338.27. This trade represents a 5.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 173,629 shares of company stock valued at $44,833,799 over the last ninety days. Corporate insiders own 17.12% of the company's stock.

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 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.