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Carvana (CVNA) Stock Price, News & Analysis

Carvana logo
$241.65 +2.72 (+1.14%)
(As of 02:15 PM ET)

About Carvana Stock (NYSE:CVNA)

Key Stats

Today's Range
$238.46
$244.84
50-Day Range
$130.72
$247.31
52-Week Range
$27.75
$259.39
Volume
1.29 million shs
Average Volume
4.79 million shs
Market Capitalization
$50.01 billion
P/E Ratio
24,189.19
Dividend Yield
N/A
Price Target
$217.71
Consensus Rating
Hold

Company Overview

Carvana Co. was founded in 2012 by Ernest Garcia and two partners. Today Carvana is a leading used-car dealer nationwide, the fastest growing in the US and well-known for its chain of used car vending machines. The vending machines allow pre-approved buyers to pick up their purchases at one of 32 locations nationwide. Other buyers can have their vehicles delivered directly to their door or to a location of their choice. Ernest Garcia III remains as CEO as of 2022. He and his father, Ernest Garcia II, are among the company’s largest shareholders.

The company operates an e-commerce platform that provides an end-to-end car buying experience without the hassles of dealers or dealerships. The platform can offer no-haggle pricing by leveraging its database of used vehicles and readily available data for local car markets. Buyers can search for and find vehicles, view them using the website's propriety technology, obtain financing and even register their new car or get insurance.

The company’s rise to fame was meteoric. The first vending machine was launched in 2013, leading to the brand's rapid expansion. The 1st fully-automated vending machine was opened in 2015 and then later, in 2017, the company held its initial public offering. The company IPOd on the New York Stock Exchange and saw its share price quickly double, triple, and quadruple as used-car trends and growing brand recognition boosted sales.

The post-IPO years included major acquisitions, including vehicle-data company Carlypso and imaging firm Car360, which greatly enhanced the website and car-buying experience. In 2020, with the onset of the COVID-19 pandemic, the company initiated touchless delivery that allowed consumers to receive their vehicles with minimal interaction. Consumers can also sell their used cars to the company in exchange for cash or trade value. The trade-in business is a source of products for the company and is a key to its success.

All Carvana used cars are inspected a reconditioned by a team of industry professionals. They have no reported fire, frame or flood damage and are certified by CARFAX and AutoCheck data. Once purchased, consumers have 7 days to test drive and return the vehicle with no charge. The total number of retail units sold in F2021 topped 425,000 and resulted in $12.84 billion in revenue, or a growth of 129%. Cars that don’t make the cut are sold off through the wholesale unit, which is a significant portion of the business. The company has a presence in 47 contiguous US states and is planning to deepen and expand its coverage.

Legal issues began to mount in 2021 when the first of several states filed suit against the company. Among the complaints were a failure to properly register vehicles and deliver paperwork to consumers among other violations of state and local car-buying regulations. The suits have resulted in a number of states banning the company from operating, some indefinitely.



Carvana Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
78th Percentile Overall Score

CVNA MarketRank™: 

Carvana scored higher than 78% of companies evaluated by MarketBeat, and ranked 96th out of 215 stocks in the retail/wholesale sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Carvana has received a consensus rating of Hold. The company's average rating score is 2.42, and is based on 8 buy ratings, 11 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Carvana has been the subject of 14 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Carvana's stock forecast and price target.
  • Earnings Growth

    Earnings for Carvana are expected to grow by 349.06% in the coming year, from $0.53 to $2.38 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Carvana is 24,258.26, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 135.54.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Carvana is 24,258.26, which means that it is trading at a more expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 128.43.

  • Price to Book Value per Share Ratio

    Carvana has a P/B Ratio of 175.61. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Carvana's valuation and earnings.
  • Percentage of Shares Shorted

    6.59% of the outstanding shares of Carvana have been sold short.
  • Short Interest Ratio / Days to Cover

    Carvana has a short interest ratio ("days to cover") of 4.1.
  • Change versus previous month

    Short interest in Carvana has recently decreased by 6.25%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Carvana does not currently pay a dividend.

  • Dividend Growth

    Carvana does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    6.59% of the outstanding shares of Carvana have been sold short.
  • Short Interest Ratio / Days to Cover

    Carvana has a short interest ratio ("days to cover") of 4.1.
  • Change versus previous month

    Short interest in Carvana has recently decreased by 6.25%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Carvana has a news sentiment score of 0.70. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.42 average news sentiment score of Retail/Wholesale companies.
  • News Coverage This Week

    MarketBeat has tracked 42 news articles for Carvana this week, compared to 16 articles on an average week.
  • Search Interest

    56 people have searched for CVNA on MarketBeat in the last 30 days. This is an increase of 87% compared to the previous 30 days.
  • MarketBeat Follows

    22 people have added Carvana to their MarketBeat watchlist in the last 30 days. This is an increase of 38% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Carvana insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $506,004,038.00 in company stock.

  • Percentage Held by Insiders

    17.18% of the stock of Carvana is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    56.71% of the stock of Carvana is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Carvana's insider trading history.
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CVNA Stock News Headlines

LONDON, UK - February 2021: Reddit logo displayed on a smartphone device.
October’s Market Winners: A Look at the Top Performers (CVNA)
October saw significant stock gains for Reddit, Carvana, and Brinker International, driven by strong earnings and positive analyst sentiment.
Trump’s IRS Hands Massive ‘Victory Gift’ To 401K Owners
Trump quietly left open an "off the books" wealth-protection loophole hidden in the 6,871 pages of the IRS Tax Code… And since then… "In the know" patriots have quietly used this same "Trump revenge loophole" to shield their life savings from Bidenomics…
Carvana Co. (NYSE:CVNA) COO Sells $730,320.00 in Stock
Carvana Co (CVNA) Receives a Buy from BTIG
Morgan Stanley Upgrades Carvana (CVNA)
See More Headlines

CVNA Stock Analysis - Frequently Asked Questions

Carvana's stock was trading at $52.94 at the start of the year. Since then, CVNA stock has increased by 357.8% and is now trading at $242.34.
View the best growth stocks for 2024 here
.

Carvana Co. (NYSE:CVNA) released its quarterly earnings data on Wednesday, October, 30th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.41. The firm's revenue was up 31.8% on a year-over-year basis.

Carvana (CVNA) raised $225 million in an IPO on Friday, April 28th 2017. The company issued 15,000,000 shares at a price of $14.00-$16.00 per share. Wells Fargo Securities, BofA Merrill Lynch, Citigroup and Deutsche Bank Securities acted as the underwriters for the IPO and Baird, William Blair, BMO Capital Markets and JMP Securities were co-managers.

Top institutional investors of Carvana include Assenagon Asset Management S.A. (0.14%), Swiss National Bank (0.10%), New York State Common Retirement Fund (0.08%) and Natixis Advisors LLC (0.04%). Insiders that own company stock include Ernest C Garcia II, Ernest C Garcia III, Daniel J Gill, Benjamin E Huston, Michael E Maroone, Ryan S Keeton, Mark W Jenkins, Thomas Taira, Paul W Breaux, Neha Parikh, Stephen R Palmer, Gregory B Sullivan, Ira J Platt and J Danforth Quayle.
View institutional ownership trends
.

Shares of CVNA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Carvana investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), Adobe (ADBE), CrowdStrike (CRWD) and Arista Networks (ANET).

Company Calendar

Last Earnings
10/30/2024
Today
11/07/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/27/2025

Industry, Sector and Symbol

Industry
Automotive dealers & gasoline service stations
Sub-Industry
Retail
Previous Symbol
NASDAQ:CVNA
Fax
N/A
Employees
13,700
Year Founded
2012

Price Target and Rating

Average Stock Price Target
$217.71
High Stock Price Target
$320.00
Low Stock Price Target
$148.00
Potential Upside/Downside
-10.7%
Consensus Rating
Hold
Rating Score (0-4)
2.42
Research Coverage
19 Analysts

Profitability

Net Income
$450 million
Pretax Margin
0.33%

Debt

Sales & Book Value

Annual Sales
$10.77 billion
Cash Flow
$0.71 per share
Book Value
$1.38 per share

Miscellaneous

Free Float
171,391,000
Market Cap
$50.45 billion
Optionable
Optionable
Beta
3.37

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This page (NYSE:CVNA) was last updated on 11/7/2024 by MarketBeat.com Staff
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