Analysts Offer Predictions for Carvana Co’s Q4 2018 Earnings (CVNA)
Carvana Co (NASDAQ:CVNA) – Investment analysts at William Blair cut their Q4 2018 EPS estimates for shares of Carvana in a research report issued on Tuesday. William Blair analyst S. Zackfia now anticipates that the company will earn $0.04 per share for the quarter, down from their prior estimate of $0.06. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for Carvana’s FY2019 earnings at $1.21 EPS and FY2020 earnings at $2.81 EPS.
CVNA has been the topic of a number of other research reports. Susquehanna Bancshares Inc initiated coverage on shares of Carvana in a research note on Wednesday, May 3rd. They issued a “neutral” rating and a $10.00 price target on the stock. JMP Securities initiated coverage on shares of Carvana in a research note on Tuesday, May 23rd. They issued an “outperform” rating and a $17.00 price target on the stock. BMO Capital Markets reissued an “outperform” rating and issued a $25.00 price target (up previously from $15.00) on shares of Carvana in a research note on Monday, June 26th. Wedbush initiated coverage on Carvana in a report on Tuesday, July 18th. They issued a “fair value” rating and a $23.02 price objective on the stock. Finally, Deutsche Bank AG restated a “buy” rating and issued a $22.00 price objective on shares of Carvana in a report on Tuesday, May 23rd. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $20.80.
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Shares of Carvana (NASDAQ:CVNA) traded down 4.20% during trading on Thursday, reaching $17.33. 549,214 shares of the company’s stock traded hands. The company has a 50 day moving average price of $20.32 and a 200-day moving average price of $16.07. Carvana has a one year low of $8.14 and a one year high of $23.70. The stock’s market cap is $260.40 million.
Carvana (NASDAQ:CVNA) last announced its earnings results on Tuesday, August 8th. The company reported ($0.28) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.30) by $0.02. The business had revenue of $209.37 million for the quarter, compared to the consensus estimate of $198.84 million. The business’s revenue for the quarter was up 142.0% compared to the same quarter last year.
Large investors have recently bought and sold shares of the company. Alliancebernstein L.P. acquired a new stake in Carvana during the second quarter valued at $565,000. Wells Fargo & Company MN purchased a new stake in shares of Carvana during the second quarter worth $1,138,000. Principal Financial Group Inc. purchased a new stake in shares of Carvana during the second quarter worth $14,998,000. Penserra Capital Management LLC purchased a new stake in shares of Carvana during the second quarter worth $4,278,000. Finally, Blair William & Co. IL purchased a new stake in shares of Carvana during the second quarter worth $8,002,000.
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.
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