Carvana Co (CVNA) to Release Earnings on Tuesday
Carvana Co (NASDAQ:CVNA) is scheduled to release its earnings data after the market closes on Tuesday, November 7th. Analysts expect Carvana to post earnings of ($0.30) per share for the quarter.
Carvana (NASDAQ:CVNA) last announced its quarterly earnings data on Tuesday, August 8th. The company reported ($0.28) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.02. The business had revenue of $209.37 million during the quarter, compared to analyst estimates of $198.84 million. Carvana’s revenue for the quarter was up 142.0% on a year-over-year basis. On average, analysts expect Carvana to post $-1.14 EPS for the current fiscal year and $-0.38 EPS for the next fiscal year.
Shares of Carvana Co (CVNA) traded up 8.72% on Tuesday, hitting $13.59. The stock had a trading volume of 218,592 shares. The firm’s market capitalization is $210.89 million. The firm has a 50 day moving average of $15.18 and a 200-day moving average of $15.85. Carvana Co has a 1-year low of $8.14 and a 1-year high of $23.70.
Several research firms recently issued reports on CVNA. Robert W. Baird reissued an “outperform” rating and issued a $22.00 target price (down from $23.00) on shares of Carvana in a research note on Thursday, August 10th. Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $16.00 target price (up from $12.00) on shares of Carvana in a research note on Friday, August 11th. Craig Hallum raised their target price on Carvana from $16.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Consumer Edge reissued an “outperform” rating and issued a $23.00 target price on shares of Carvana in a research note on Monday, October 2nd. Finally, Wells Fargo & Company reissued an “outperform” rating and issued a $23.00 target price on shares of Carvana in a research note on Sunday, August 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company. Carvana has an average rating of “Buy” and an average price target of $20.01.
ILLEGAL ACTIVITY NOTICE: “Carvana Co (CVNA) to Release Earnings on Tuesday” was originally reported by American Banking News and is the property of of American Banking News. If you are viewing this article on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://www.americanbankingnews.com/2017/10/31/carvana-co-cvna-to-release-earnings-on-tuesday.html.
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.
Receive News & Ratings for Carvana Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carvana Co and related companies with MarketBeat.com's FREE daily email newsletter.