-$1.60 EPS Expected for Carvana Co. (NYSE:CVNA) This Quarter

Analysts predict that Carvana Co. (NYSE:CVNA – Get Rating) will post earnings of ($1.60) per share for the current quarter, according to Zacks. Ten analysts have made estimates for Carvana’s earnings. The highest EPS estimate is ($0.65) and the lowest is ($2.81). Carvana reported earnings per share of $0.26 during the same quarter last year, which suggests a negative year over year growth rate of 715.4%. The company is expected to issue its next quarterly earnings report on Monday, January 1st.

Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Carvana.

Carvana (NYSE:CVNA – Get Rating) last posted its earnings results on Wednesday, April 20th. The company reported ($2.89) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.72) by ($1.17). The company had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.37 billion. Carvana had a negative return on equity of 53.77% and a negative net margin of 2.55%. The firm’s quarterly revenue was up 55.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.46) EPS.

Several analysts have recently commented on the company. Royal Bank of Canada decreased their price objective on Carvana from $138.00 to $85.00 and set a “sector perform” rating for the company in a report on Thursday, April 21st. Cowen decreased their price objective on Carvana from $300.00 to $230.00 and set an “outperform” rating for the company in a report on Thursday, April 21st. Evercore ISI upgraded Carvana from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $175.00 to $210.00 in a report on Friday, February 25th. Morgan Stanley lowered Carvana from an “overweight” rating to an “equal weight” rating and set a $105.00 price objective for the company. in a report on Wednesday. Finally, Needham & Company LLC decreased their price objective on Carvana from $173.00 to $121.00 and set a “buy” rating for the company in a report on Thursday, April 21st. Nine analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $211.67.

In other Carvana news, CEO Ernest C. Garcia III bought 300,000 shares of the company’s stock in a transaction dated Tuesday, April 26th. The shares were purchased at an average cost of $80.00 per share, for a total transaction of $24,000,000.00. Following the transaction, the chief executive officer now directly owns 804,809 shares of the company’s stock, valued at $64,384,720. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Ernest C. Garcia II bought 3,362,500 shares of the company’s stock in a transaction dated Tuesday, April 26th. The shares were acquired at an average price of $80.00 per share, for a total transaction of $269,000,000.00. Following the completion of the transaction, the insider now directly owns 3,362,500 shares in the company, valued at $269,000,000. The disclosure for this purchase can be found here. Insiders have acquired a total of 3,687,500 shares of company stock worth $295,619,250 over the last ninety days. 17.67% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of the stock. Baillie Gifford & Co. lifted its stake in Carvana by 25.1% in the 4th quarter. Baillie Gifford & Co. now owns 9,655,855 shares of the company’s stock valued at $2,238,131,000 after buying an additional 1,937,812 shares in the last quarter. Morgan Stanley lifted its stake in Carvana by 0.8% in the 2nd quarter. Morgan Stanley now owns 6,570,893 shares of the company’s stock valued at $1,983,226,000 after buying an additional 50,682 shares in the last quarter. BlackRock Inc. lifted its stake in Carvana by 4.1% in the 3rd quarter. BlackRock Inc. now owns 4,403,672 shares of the company’s stock valued at $1,327,883,000 after buying an additional 171,811 shares in the last quarter. D1 Capital Partners L.P. lifted its stake in Carvana by 77.7% in the 4th quarter. D1 Capital Partners L.P. now owns 4,211,082 shares of the company’s stock valued at $976,087,000 after buying an additional 1,841,141 shares in the last quarter. Finally, CAS Investment Partners LLC lifted its stake in Carvana by 0.3% in the 4th quarter. CAS Investment Partners LLC now owns 3,314,303 shares of the company’s stock valued at $768,222,000 after buying an additional 9,275 shares in the last quarter.

Carvana stock opened at $59.65 on Monday. Carvana has a twelve month low of $52.37 and a twelve month high of $376.83. The business has a fifty day moving average of $110.97 and a two-hundred day moving average of $185.01. The company has a quick ratio of 0.60, a current ratio of 1.69 and a debt-to-equity ratio of 6.11. The firm has a market cap of $10.32 billion, a P/E ratio of -14.80 and a beta of 2.56.

Carvana Company Profile (Get Rating)

Carvana Co, together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States. The company's 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.

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