Carvana (NYSE:CVNA – Get Free Report) is scheduled to release its earnings data after the market closes on Wednesday, May 1st. Analysts expect Carvana to post earnings of ($0.80) per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.
Carvana (NYSE:CVNA – Get Free Report) last issued its earnings results on Thursday, February 22nd. The company reported ($1.00) EPS for the quarter, missing the consensus estimate of ($0.95) by ($0.05). The firm had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.56 billion. The firm’s revenue for the quarter was down 14.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.97) earnings per share. On average, analysts expect Carvana to post $-3 EPS for the current fiscal year and $-3 EPS for the next fiscal year.
Carvana Price Performance
NYSE CVNA opened at $75.60 on Wednesday. The firm has a market capitalization of $15.26 billion, a price-to-earnings ratio of 140.00 and a beta of 3.32. The company has a 50 day simple moving average of $76.01 and a 200-day simple moving average of $53.06. Carvana has a 52-week low of $6.70 and a 52-week high of $94.04.
Wall Street Analysts Forecast Growth
View Our Latest Analysis on CVNA
Insider Transactions at Carvana
In related news, major shareholder Ernest C. Garcia II sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $80.13, for a total value of $4,006,500.00. Following the completion of the sale, the insider now owns 3,312,500 shares of the company’s stock, valued at $265,430,625. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Carvana news, major shareholder Ernest C. Garcia II sold 50,000 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $80.13, for a total transaction of $4,006,500.00. Following the transaction, the insider now directly owns 3,312,500 shares in the company, valued at approximately $265,430,625. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Neha Parikh purchased 1,300 shares of the stock in a transaction dated Friday, March 1st. The shares were acquired at an average price of $77.00 per share, with a total value of $100,100.00. Following the transaction, the director now owns 58,495 shares in the company, valued at $4,504,115. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 187,883 shares of company stock valued at $15,505,178. 17.18% of the stock is owned by insiders.
Carvana Company Profile
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.
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