Carvana Co (NASDAQ:CVNA) – Wedbush cut their Q3 2017 EPS estimates for Carvana in a research report issued on Wednesday. Wedbush analyst S. Basham now anticipates that the company will earn ($0.30) per share for the quarter, down from their previous estimate of ($0.27). Wedbush has a “Fair Value” rating and a $23.02 price target 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 released its quarterly earnings data on Tuesday, August 8th. The company reported ($0.28) EPS for the quarter, beating the consensus estimate of ($0.30) by $0.02. The company had revenue of $209.37 million during the quarter, compared to analysts’ expectations of $198.84 million. Carvana’s revenue was up 142.0% compared to the same quarter last year.

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A number of other research analysts have also weighed in on the stock. Susquehanna Bancshares Inc reissued a “neutral” rating and set a $16.00 target price (up previously from $12.00) on shares of Carvana in a research report on Friday. Robert W. Baird reissued an “outperform” rating and set a $22.00 target price (down previously from $23.00) on shares of Carvana in a research report on Thursday. Craig Hallum boosted their target price on shares of Carvana from $16.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday. BMO Capital Markets reissued an “outperform” rating and set a $25.00 target price (up previously from $15.00) on shares of Carvana in a research report on Monday, June 26th. Finally, Wells Fargo & Company reissued an “outperform” rating and set a $23.00 target price (up previously from $19.00) on shares of Carvana in a research report on Monday, June 19th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Carvana currently has a consensus rating of “Buy” and a consensus target price of $21.40.

Carvana (NASDAQ CVNA) opened at 17.21 on Friday. The firm has a 50-day moving average price of $20.26 and a 200 day moving average price of $16.09. The stock’s market capitalization is $267.06 million. Carvana has a 52-week low of $8.14 and a 52-week high of $23.70.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Nationwide Fund Advisors bought a new position in shares of Carvana during the second quarter worth approximately $177,000. ClariVest Asset Management LLC bought a new position in shares of Carvana during the second quarter worth approximately $190,000. Rhumbline Advisers bought a new position in shares of Carvana during the second quarter worth approximately $392,000. Schwab Charles Investment Management Inc. bought a new position in shares of Carvana during the second quarter worth approximately $508,000. Finally, Alliancebernstein L.P. bought a new position in shares of Carvana during the second quarter worth approximately $565,000.

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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