Carvana (CVNA) Scheduled to Post Quarterly Earnings on Wednesday

Carvana (NYSE:CVNA) is set to release its earnings data after the market closes on Wednesday, July 31st. Analysts expect Carvana to post earnings of $0.00 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Carvana (NYSE:CVNA) last announced its quarterly earnings data on Wednesday, May 1st. The company reported ($0.41) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.76) by $0.35. The firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $2.72 billion. On average, analysts expect Carvana to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Carvana Trading Down 3.9 %

Shares of CVNA opened at $127.66 on Tuesday. Carvana has a 52 week low of $25.09 and a 52 week high of $147.25. The firm has a market cap of $25.86 billion, a price-to-earnings ratio of 55.99 and a beta of 3.37. The stock has a 50 day moving average of $118.68 and a 200-day moving average of $90.24.

Wall Street Analyst Weigh In

CVNA has been the topic of a number of recent research reports. Wells Fargo & Company raised their target price on Carvana from $60.00 to $77.00 and gave the company an “equal weight” rating in a research note on Thursday, May 2nd. BTIG Research assumed coverage on shares of Carvana in a research note on Friday, July 12th. They set a “buy” rating and a $155.00 target price for the company. Wedbush restated a “neutral” rating and issued a $120.00 price target on shares of Carvana in a research note on Monday. JMP Securities reiterated a “market outperform” rating and set a $150.00 price objective on shares of Carvana in a research report on Wednesday, July 10th. Finally, TD Cowen increased their price objective on Carvana from $58.00 to $70.00 and gave the stock a “hold” rating in a report on Monday, April 29th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Carvana presently has an average rating of “Hold” and a consensus price target of $105.14.

Insider Activity at Carvana

In other news, COO Benjamin E. Huston sold 18,000 shares of the firm’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $115.07, for a total value of $2,071,260.00. Following the completion of the sale, the chief operating officer now owns 213,548 shares of the company’s stock, valued at $24,572,968.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, COO Benjamin E. Huston sold 18,000 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $115.07, for a total transaction of $2,071,260.00. Following the transaction, the chief operating officer now directly owns 213,548 shares of the company’s stock, valued at $24,572,968.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Ernest C. Garcia II sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $83.03, for a total transaction of $4,151,500.00. Following the completion of the transaction, the insider now owns 3,112,500 shares in the company, valued at approximately $258,430,875. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,501,446 shares of company stock worth $295,607,431. 17.12% of the stock is owned by corporate insiders.

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.