Analysts expect Carvana Co (NYSE:CVNA) to report earnings per share of ($0.38) for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Carvana’s earnings, with estimates ranging from ($0.48) to ($0.23). Carvana reported earnings per share of ($0.37) during the same quarter last year, which would suggest a negative year over year growth rate of 2.7%. The company is expected to report its next earnings results on Wednesday, August 14th.

Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Carvana.

Carvana (NYSE:CVNA) last announced its earnings results on Wednesday, May 8th. The company reported ($0.53) earnings per share for the quarter, missing the consensus estimate of ($0.50) by ($0.03). Carvana had a negative net margin of 3.54% and a negative return on equity of 30.85%. The company had revenue of $755.23 million during the quarter, compared to analysts’ expectations of $696.61 million.

CVNA has been the topic of several analyst reports. Wells Fargo & Co lifted their target price on Carvana from $57.00 to $80.00 and gave the company an “outperform” rating in a research note on Monday, May 6th. Seaport Global Securities initiated coverage on Carvana in a research note on Wednesday, February 13th. They issued a “neutral” rating on the stock. They noted that the move was a valuation call. Zacks Investment Research downgraded Carvana from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. Barrington Research downgraded Carvana from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 3rd. Finally, BMO Capital Markets lifted their price target on Carvana from $35.00 to $40.00 and gave the company a “market perform” rating in a research note on Friday, March 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $66.18.

In related news, insider Paul W. Breaux sold 37,500 shares of Carvana stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $64.82, for a total transaction of $2,430,750.00. Following the completion of the transaction, the insider now directly owns 48,194 shares of the company’s stock, valued at $3,123,935.08. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Ernest C. Garcia II sold 316,678 shares of Carvana stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $48.13, for a total value of $15,241,712.14. Following the transaction, the insider now directly owns 52,937,458 shares of the company’s stock, valued at $2,547,879,853.54. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,095,601 shares of company stock worth $175,715,955. Company insiders own 13.02% of the company’s stock.

A number of hedge funds have recently modified their holdings of CVNA. FMR LLC raised its holdings in Carvana by 749.8% during the fourth quarter. FMR LLC now owns 3,591,784 shares of the company’s stock worth $117,487,000 after purchasing an additional 3,169,132 shares during the last quarter. Requisite Energy Fund I LP acquired a new position in Carvana during the fourth quarter worth $57,470,000. Hound Partners LLC acquired a new position in Carvana during the fourth quarter worth $43,453,000. Whale Rock Capital Management LLC raised its holdings in Carvana by 106.7% during the first quarter. Whale Rock Capital Management LLC now owns 2,028,224 shares of the company’s stock worth $117,759,000 after purchasing an additional 1,046,806 shares during the last quarter. Finally, Morgan Stanley raised its holdings in shares of Carvana by 87.5% in the first quarter. Morgan Stanley now owns 2,017,113 shares of the company’s stock worth $117,113,000 after acquiring an additional 941,428 shares during the last quarter. 34.21% of the stock is owned by hedge funds and other institutional investors.

Shares of CVNA stock opened at $69.34 on Tuesday. Carvana has a twelve month low of $24.36 and a twelve month high of $76.85. The company has a market capitalization of $9.53 billion, a price-to-earnings ratio of -40.08 and a beta of 2.43. The company has a current ratio of 1.39, a quick ratio of 0.76 and a debt-to-equity ratio of 2.73.

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 proprietary 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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Earnings History and Estimates for Carvana (NYSE:CVNA)

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