How Analysts Feel About Carvana Co. (CVNA) After Today’s Huge Increase?

March 14, 2018 - By Kurt Siggers

The stock of Carvana Co. (NYSE:CVNA) is a huge mover today! The stock increased 13.67% or $2.58 during the last trading session, reaching $21.45. About 928,327 shares traded or 103.04% up from the average. Carvana Co. (NYSE:CVNA) has 0.00% since March 14, 2017 and is . It has underperformed by 16.70% the S&P500.
The move comes after 8 months positive chart setup for the $3.00 billion company. It was reported on Mar, 14 by We have $22.52 PT which if reached, will make NYSE:CVNA worth $150.00 million more.

Analysts await Carvana Co. (NYSE:CVNA) to report earnings on June, 5. They expect $-0.40 EPS, down 42.86 % or $0.12 from last year’s $-0.28 per share. After $-0.36 actual EPS reported by Carvana Co. for the previous quarter, Wall Street now forecasts 11.11 % negative EPS growth.

Carvana Co. (NYSE:CVNA) Ratings Coverage

Among 8 analysts covering Carvana (NYSE:CVNA), 5 have Buy rating, 1 Sell and 2 Hold. Therefore 63% are positive. Carvana had 9 analyst reports since May 23, 2017 according to SRatingsIntel. The stock of Carvana Co. (NYSE:CVNA) earned “Outperform” rating by Robert W. Baird on Tuesday, May 23. The stock of Carvana Co. (NYSE:CVNA) has “Buy” rating given on Tuesday, May 23 by Craig Hallum. The firm earned “Outperform” rating on Tuesday, May 23 by Wells Fargo. B. Riley & Co initiated Carvana Co. (NYSE:CVNA) rating on Friday, September 22. B. Riley & Co has “Sell” rating and $12 target. The rating was initiated by Barrington Research on Friday, October 27 with “Mkt Perform”. The rating was downgraded by Deutsche Bank on Friday, December 8 to “Hold”. The rating was initiated by JMP Securities on Tuesday, May 23 with “Mkt Outperform”. On Tuesday, May 23 the stock rating was initiated by Citigroup with “Buy”. Deutsche Bank initiated it with “Buy” rating and $22 target in Tuesday, May 23 report.

More notable recent Carvana Co. (NYSE:CVNA) news were published by: which released: “BMO Downgrades Carvana On Q4 Miss, Weak Guidance” on March 07, 2018, also with their article: “Carvana launches in its 50th market, launches new curbside service” published on February 21, 2018, published: “Carvana inks deal to be Phoenix Rising FC jersey sponsor” on March 09, 2018. More interesting news about Carvana Co. (NYSE:CVNA) were released by: and their article: “What Investors Should Think of Carvana Co.’s Fourth Quarter” published on March 14, 2018 as well as‘s news article titled: “Despite loss, Carvana posts record revenue” with publication date: March 07, 2018.

Carvana Co. operates an e-commerce platform for buying used cars in the United States. The company has market cap of $3.00 billion. It purchases, reconditions, sells, and delivers vehicles to clients through its Website. It currently has negative earnings.

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