Carvana Co (NASDAQ:CVNA) – William Blair reduced their Q3 2017 earnings per share estimates for shares of Carvana in a note issued to investors on Tuesday. William Blair analyst S. Zackfia now anticipates that the company will earn ($0.28) per share for the quarter, down from their prior estimate of ($0.25). William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for Carvana’s Q4 2017 earnings at ($0.27) EPS, FY2017 earnings at ($1.11) EPS, Q1 2018 earnings at ($0.22) EPS, Q2 2018 earnings at ($0.11) EPS, Q3 2018 earnings at $0.03 EPS and FY2018 earnings at ($0.26) EPS.

CVNA has been the subject 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 set a “neutral” rating and a $10.00 price target for the company. JMP Securities initiated coverage on shares of Carvana in a research note on Tuesday, May 23rd. They set an “outperform” rating and a $17.00 price target for the company. BMO Capital Markets restated an “outperform” rating and set 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 shares of Carvana in a research note on Tuesday, July 18th. They set a “fair value” rating and a $23.02 price target for the company. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $22.00 target price on shares of Carvana in a research note on Tuesday, May 23rd. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $21.40.

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Carvana (NASDAQ CVNA) opened at 17.21 on Friday. Carvana has a 52-week low of $8.14 and a 52-week 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.

Carvana (NASDAQ:CVNA) last released its earnings results on Tuesday, August 8th. The company reported ($0.28) earnings per share 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 the consensus estimate of $198.84 million. The firm’s quarterly revenue was up 142.0% compared to the same quarter last year.

Several hedge funds have recently bought and sold shares of the company. Nationwide Fund Advisors purchased a new stake in Carvana during the second quarter valued at about $177,000. ClariVest Asset Management LLC purchased a new stake in Carvana during the second quarter valued at about $190,000. Rhumbline Advisers purchased a new stake in Carvana during the second quarter valued at about $392,000. Schwab Charles Investment Management Inc. purchased a new stake in Carvana during the second quarter valued at about $508,000. Finally, Alliancebernstein L.P. purchased a new stake in Carvana during the second quarter valued at about $565,000.

About Carvana

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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