S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?

Carvana (CVNA) Stock Price, News & Analysis

$90.31
-0.50 (-0.55%)
(As of 03/27/2024 ET)
Today's Range
$88.55
$93.09
50-Day Range
$41.00
$90.81
52-Week Range
$6.70
$94.04
Volume
3.85 million shs
Average Volume
6.86 million shs
Market Capitalization
$18.23 billion
P/E Ratio
167.24
Dividend Yield
N/A
Price Target
$50.40

Carvana MarketRank™ Stock Analysis

Analyst Rating
Hold
2.07 Rating Score
Upside/​Downside
44.2% Downside
$50.40 Price Target
Short Interest
Healthy
14.58% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-2.66
Upright™ Environmental Score
News Sentiment
0.49mentions of Carvana in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$4.62 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($3.40) to ($2.63) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.81 out of 5 stars

Retail/Wholesale Sector

111th out of 195 stocks

Automotive Dealers & Gasoline Service Stations Industry

11th out of 18 stocks

CVNA stock logo

About Carvana Stock (NYSE:CVNA)

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.



CVNA Stock Price History

CVNA Stock News Headlines

Apple Faces DOJ Scrutiny, but Not These 3 Under the Radar Names (CVNA)
As the government focuses on big tech for its legal persecutions, three smaller names become potential buys to stay out of trouble, analysts love them today
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
5 Stocks with Unusually Large Short Interest
With the broader market reaching new all-time highs, primarily driven by the tech sector and specifically semiconductor stocks fueled by the hype surrounding AI, the spotlight is once again beginning to shine on high short-interest stocks.
5 Stocks with Unusually Large Short Interest (CVNA)
With the market soaring to new heights, fueled by the tech sector and hype surrounding AI, high short-interest stocks are again under the spotlight.
MarketBeat Week in Review – 2/26 - 3/1 (CVNA)
As the calendar turns to March, investors continue to climb the wall of worry, but with the S&P 500 at 5,000, the MarketBeat team helps show you where to invest
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
bluebird bio Stock Signals Potential to be a Multi-bagger (CVNA)
Driving a bargain of a short squeeze play, Bluebird Bio stock could soon announce what every investor is hoping to hear, here's what management could do
CarGurus Stock is Set for a Rally This Quarter, Above all Peers (CVNA)
The car market is soon to see a boom in demand, and most market participants are betting on CarGurus to be the one to come out on top of it all, here's why.
Cars.com and Carvana Stock Facing Weaker Consumer Sentiment
Cars.com Inc. NYSE: CARS and Carvana Co. NYSE: CVNA are two different ways to play the retail automotive market. Both companies are attempting to modernize and digitize the car buying experience.
Carvana (NYSE:CVNA) Hits New 1-Year High at $91.60
Carvana (NYSE:CVNA) Stock Price Up 5.4% After Analyst Upgrade
Up 1,600%, Is Carvana Stock Still a Buy?
CVNA Aug 2024 110.000 put
CVNA Jan 2026 110.000 put
Carvana (NYSE:CVNA) Shares Gap Down After Insider Selling
Carvana Unusual Options Activity For March 19
See More Headlines
Receive CVNA Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Carvana and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
2/22/2024
Today
3/27/2024
Next Earnings (Estimated)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Target
$50.40
High Stock Price Target
$90.00
Low Stock Price Target
$11.00
Potential Upside/Downside
-44.2%
Consensus Rating
Hold
Rating Score (0-4)
2.07
Research Coverage
14 Analysts

Profitability

Net Income
$450 million
Pretax Margin
1.62%

Debt

Sales & Book Value

Annual Sales
$10.77 billion
Cash Flow
$0.68 per share
Book Value
($1.92) per share

Miscellaneous

Free Float
167,334,000
Market Cap
$18.23 billion
Optionable
Optionable
Beta
3.32

Social Links

Investing Strategies To Help Grow Your Retirement Income Cover

Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.

Get This Free Report

CVNA Stock Analysis - Frequently Asked Questions

Should I buy or sell Carvana stock right now?

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Carvana in the last year. There are currently 1 sell rating, 11 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CVNA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CVNA, but not buy additional shares or sell existing shares.
View CVNA analyst ratings
or view top-rated stocks.

What is Carvana's stock price target for 2024?

14 brokerages have issued 1 year target prices for Carvana's stock. Their CVNA share price targets range from $11.00 to $90.00. On average, they expect the company's share price to reach $50.40 in the next twelve months. This suggests that the stock has a possible downside of 44.2%.
View analysts price targets for CVNA
or view top-rated stocks among Wall Street analysts.

How have CVNA shares performed in 2024?

Carvana's stock was trading at $52.94 at the beginning of the year. Since then, CVNA shares have increased by 70.6% and is now trading at $90.31.
View the best growth stocks for 2024 here
.

Are investors shorting Carvana?

Carvana saw a decline in short interest in March. As of March 15th, there was short interest totaling 29,430,000 shares, a decline of 12.1% from the February 29th total of 33,500,000 shares. Based on an average trading volume of 7,120,000 shares, the short-interest ratio is presently 4.1 days.
View Carvana's Short Interest
.

When is Carvana's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our CVNA earnings forecast
.

How were Carvana's earnings last quarter?

Carvana Co. (NYSE:CVNA) released its quarterly earnings results on Thursday, February, 22nd. The company reported ($1.00) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.95) by $0.05. The firm had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.56 billion. The company's revenue was down 14.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.97) earnings per share.

What is Ernie Garcia's approval rating as Carvana's CEO?

318 employees have rated Carvana Chief Executive Officer Ernie Garcia on Glassdoor.com. Ernie Garcia has an approval rating of 78% among the company's employees.

What other stocks do shareholders of Carvana own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Carvana investors own include NVIDIA (NVDA), Tesla (TSLA), Micron Technology (MU), PayPal (PYPL), Advanced Micro Devices (AMD), Bank of America (BAC), Alibaba Group (BABA), Salesforce (CRM), Block (SQ) and Walt Disney (DIS).

When did Carvana IPO?

Carvana (CVNA) raised $225 million in an initial public offering on Friday, April 28th 2017. The company issued 15,000,000 shares at $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.

Who are Carvana's major shareholders?

Carvana's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (5.02%), Vanguard Group Inc. (4.96%), Spruce House Investment Management LLC (4.75%), Price T Rowe Associates Inc. MD (2.68%), Allianz Asset Management GmbH (0.00%) and Nomura Holdings Inc. (0.00%). Insiders that own company stock include Alan J Stock, Benjamin E Huston, Benjamin E Huston, Daniel J Gill, Ernest C Garcia II, Ernest C Garcia II, Ernest C Garcia III, Gregory B Sullivan, J Danforth Quayle, Jeffrey Zwelling, Jonathan F Foster, Mark W Jenkins, Mark W Jenkins, Michael E Maroone, Neha Parikh, Paul Beldin, Paul W Breaux, Paul W Breaux, Robert J Traube, Ryan S Keeton, Ryan S Keeton, Stephen R Palmer, Thomas Taira and Timothy H Young.
View institutional ownership trends
.

How do I buy shares of Carvana?

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.

This page (NYSE:CVNA) was last updated on 3/28/2024 by MarketBeat.com Staff

From Our Partners