Headlines about Carvana (NYSE:CVNA) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Carvana earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned headlines about the company an impact score of 45.671950107028 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the headlines that may have effected Accern’s rankings:
- Carvana (CVNA) Presents At Bank of America Merrill Lynch Consumer & Retail Technology Conference – Slideshow (seekingalpha.com)
- Goodnow Investment Group, Llc Purchases 81,000 Shares of Carvana Co (CVNA) Stock (americanbankingnews.com)
- Active-Investors: Free Research Report as Penske Automotive Group’s Quarterly Earnings Advanced 10.99% (finanznachrichten.de)
- What Investors Should Think of Carvana Co.’s Fourth Quarter (host.madison.com)
- What Investors Should Think of Carvana Co.'s Fourth Quarter (finance.yahoo.com)
CVNA has been the topic of several research analyst reports. Deutsche Bank lowered Carvana from a “buy” rating to a “hold” rating and lifted their price target for the stock from $22.00 to $23.50 in a research report on Friday, December 8th. Zacks Investment Research lowered Carvana from a “hold” rating to a “sell” rating in a report on Thursday, February 22nd. Robert W. Baird upped their price objective on Carvana from $17.00 to $23.00 and gave the stock an “outperform” rating in a report on Tuesday, December 5th. B. Riley reaffirmed a “sell” rating and set a $12.00 price objective on shares of Carvana in a report on Monday, December 4th. Finally, Barrington Research reiterated a “hold” rating on shares of Carvana in a research report on Friday, March 2nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. Carvana has a consensus rating of “Hold” and a consensus price target of $20.18.
Carvana (NYSE:CVNA) last issued its quarterly earnings results on Tuesday, March 6th. The company reported ($0.36) EPS for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.02). Carvana had a negative net margin of 11.17% and a negative return on equity of 74.69%. The business had revenue of $265.10 million during the quarter, compared to analysts’ expectations of $269.60 million. research analysts expect that Carvana will post -1.33 EPS for the current fiscal year.
In related news, major shareholder Goodnow Investment Group, Llc purchased 81,000 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The shares were acquired at an average price of $18.23 per share, with a total value of $1,476,630.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 21.69% of the company’s stock.
Carvana Company Profile
Carvana Co is an e-commerce platform for buying used cars. On the Company’s platform, consumers can research and identify a vehicle, inspect it using its proprietary 360-degree vehicle imaging technology, obtain financing and warranty coverage, purchase the vehicle and schedule delivery or pick-up, all from their desktop or mobile devices.
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