Wall Street analysts expect Carvana Co (NYSE:CVNA) to announce earnings per share (EPS) of ($0.36) for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Carvana’s earnings. The lowest EPS estimate is ($0.39) and the highest is ($0.30). Carvana posted earnings of ($0.29) per share during the same quarter last year, which suggests a negative year-over-year growth rate of 24.1%. The firm is expected to issue its next quarterly earnings results on Tuesday, November 6th.

Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Carvana.

Carvana (NYSE:CVNA) last released its quarterly earnings results on Wednesday, August 8th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.34) by ($0.03). Carvana had a negative return on equity of 33.44% and a negative net margin of 5.30%. The business had revenue of $475.29 million during the quarter, compared to the consensus estimate of $425.16 million. During the same period in the previous year, the company posted ($0.28) EPS. The company’s revenue for the quarter was up 127.0% compared to the same quarter last year.

Several brokerages have recently weighed in on CVNA. Craig Hallum restated a “hold” rating on shares of Carvana in a report on Thursday, September 13th. Bank of America upped their price objective on Carvana from $35.00 to $45.00 and gave the company a “positive” rating in a report on Wednesday, June 27th. Wells Fargo & Co restated a “buy” rating and issued a $44.00 price objective on shares of Carvana in a report on Sunday, June 24th. BMO Capital Markets restated a “hold” rating and issued a $35.00 price objective on shares of Carvana in a report on Friday, July 13th. Finally, Stephens began coverage on Carvana in a report on Tuesday, September 4th. They issued an “equal weight” rating for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Carvana presently has an average rating of “Buy” and a consensus target price of $47.19.

Shares of NYSE:CVNA traded down $0.78 on Thursday, hitting $59.49. The company’s stock had a trading volume of 29,820 shares, compared to its average volume of 1,265,878. Carvana has a 12 month low of $12.17 and a 12 month high of $72.59. The stock has a market cap of $8.88 billion, a price-to-earnings ratio of -49.39 and a beta of -1.37. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.78 and a current ratio of 1.47.

In other news, major shareholder Ddfs Partnership Lp sold 253,877 shares of the company’s stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $69.30, for a total value of $17,593,676.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders sold 2,031,018 shares of company stock valued at $129,918,957. Insiders own 21.41% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Whale Rock Capital Management LLC purchased a new stake in shares of Carvana during the second quarter valued at $35,039,000. Fiera Capital Corp acquired a new position in Carvana during the second quarter valued at $1,082,000. Brown Advisory Inc. acquired a new position in Carvana during the first quarter valued at $483,000. 683 Capital Management LLC raised its position in Carvana by 11.4% during the second quarter. 683 Capital Management LLC now owns 1,561,634 shares of the company’s stock valued at $64,964,000 after buying an additional 160,294 shares during the period. Finally, Chicago Capital LLC raised its position in Carvana by 13.6% during the second quarter. Chicago Capital LLC now owns 700,474 shares of the company’s stock valued at $29,140,000 after buying an additional 84,068 shares during the period. 25.97% of the stock is owned by institutional investors and hedge funds.

About Carvana

Carvana Co, together with its subsidiaries, operates an e-commerce platform for buying used cars in the United States. The company purchases, reconditions, sells, and delivers vehicles. 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.

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Earnings History and Estimates for Carvana (NYSE:CVNA)

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