Carvana Co (NASDAQ:CVNA) – Analysts at Wedbush reduced their Q3 2017 EPS estimates for shares of Carvana in a research note issued to investors on Wednesday. Wedbush analyst S. Basham now expects that the company will post earnings of ($0.30) per share for the quarter, down from their prior forecast of ($0.27). Wedbush has a “Fair Value” rating and a $23.02 price objective on the stock. Wedbush also issued estimates for Carvana’s Q4 2017 earnings at ($0.25) EPS, FY2017 earnings at ($1.12) EPS and FY2018 earnings at ($0.38) EPS.

Carvana (NASDAQ:CVNA) last posted its earnings results on Tuesday, August 8th. The company reported ($0.28) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.30) by $0.02. The business had revenue of $209.37 million during the quarter, compared to the consensus estimate of $198.84 million. Carvana’s quarterly revenue was up 142.0% compared to the same quarter last year. TRADEMARK VIOLATION WARNING: “Carvana Co to Post Q3 2017 Earnings of ($0.30) Per Share, Wedbush Forecasts (NASDAQ:CVNA)” was reported by American Banking News and is the property of of American Banking News. If you are accessing this story on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright laws. The legal version of this story can be read at https://www.americanbankingnews.com/2017/08/11/carvana-co-to-post-q3-2017-earnings-of-0-30-per-share-wedbush-forecasts-nasdaqcvna.html.

Several other equities analysts have also recently commented on CVNA. Susquehanna Bancshares Inc assumed coverage on shares of Carvana in a research report on Wednesday, May 3rd. They issued a “neutral” rating and a $10.00 target price for the company. JMP Securities assumed coverage on shares of Carvana in a research report on Tuesday, May 23rd. They issued an “outperform” rating and a $17.00 target price for the company. BMO Capital Markets restated an “outperform” rating and issued a $25.00 target price (up from $15.00) on shares of Carvana in a research report on Monday, June 26th. Wells Fargo & Company restated an “outperform” rating and issued a $19.00 target price on shares of Carvana in a research report on Tuesday, June 13th. Finally, Deutsche Bank AG restated a “buy” rating and issued a $22.00 target price on shares of Carvana in a research report on Tuesday, May 23rd. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $21.40.

Shares of Carvana (NASDAQ:CVNA) opened at 17.21 on Friday. Carvana has a 1-year low of $8.14 and a 1-year high of $23.70. The company has a 50-day moving average of $20.26 and a 200-day moving average of $16.09. The company’s market cap is $267.06 million.

Large investors have recently bought and sold shares of the stock. Nationwide Fund Advisors bought a new position in Carvana during the second quarter worth about $177,000. TIAA CREF Investment Management LLC bought a new position in Carvana during the second quarter worth about $828,000. Teachers Advisors LLC bought a new position in Carvana during the second quarter worth about $568,000. Alliancebernstein L.P. bought a new position in Carvana during the second quarter worth about $565,000. Finally, Wells Fargo & Company MN bought a new position in Carvana during the second quarter worth about $1,138,000.

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.

Earnings History and Estimates for Carvana (NASDAQ:CVNA)

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