Latest news with #CarvanaCo
San Francisco Chronicle
6 hours ago
- Automotive
- San Francisco Chronicle
Carvana: Q2 Earnings Snapshot
TEMPE, Ariz. (AP) — TEMPE, Ariz. (AP) — Carvana Co. (CVNA) on Wednesday reported second-quarter net income of $183 million. On a per-share basis, the Tempe, Arizona-based company said it had net income of $1.28. The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.10 per share. The company posted revenue of $4.84 billion in the period, also topping Street forecasts. Eight analysts surveyed by Zacks expected $4.58 billion. _____
Business Insider
20 hours ago
- Business
- Business Insider
RBC Capital Remains a Buy on Carvana Co (CVNA)
RBC Capital analyst Brad Erickson maintained a Buy rating on Carvana Co on July 28 and set a price target of $400.00. The company's shares closed yesterday at $336.50. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Erickson covers the Communication Services sector, focusing on stocks such as Zillow Group Class A, Meta Platforms, and Alphabet Class A. According to TipRanks, Erickson has an average return of 21.9% and a 59.59% success rate on recommended stocks. In addition to RBC Capital, Carvana Co also received a Buy from Bank of America Securities's Mike McGovern in a report issued on July 28. However, on the same day, Evercore ISI maintained a Hold rating on Carvana Co (NYSE: CVNA). The company has a one-year high of $364.00 and a one-year low of $118.50. Currently, Carvana Co has an average volume of 3.57M. Based on the recent corporate insider activity of 331 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CVNA in relation to earlier this year. Last month, GREGORY B SULLIVAN, a Director at CVNA sold 5,000.00 shares for a total of $1,661,150.00.
Yahoo
11-07-2025
- Automotive
- Yahoo
Carvana (CVNA) Rated Market Outperform on Tech-Driven Growth Amid Industry Headwinds
Carvana Co. (NYSE:CVNA) ranks among the . On July 7, Nicholas Jones, an analyst at Citizens JMP, reaffirmed a Market Outperform rating on Carvana Co. (NYSE:CVNA) with a $440 price target. The firm believes the automobile sector continues to be majorly steady despite some demand being brought forward earlier this year due to car tariff announcements and persistently high interest rates. Since the beginning of the COVID pandemic, automobile affordability has been difficult, according to Citizens JMP, which has caused issues for the broader automotive industry. That said, the analyst thinks Carvana Co. (NYSE:CVNA) possesses company-specific growth drivers that can surpass overall growth despite these industry challenges as it uses technology to lower consumer friction. Carvana Co. (NYSE:CVNA) is an online retailer of used cars based in Tempe, Arizona. Renowned for its multi-story automobile vending machines, the firm is the fastest-growing online used car dealer in the United States. While we acknowledge the potential of CVNA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Read More: and Disclosure: None. Sign in to access your portfolio
Business Wire
02-07-2025
- Automotive
- Business Wire
Carvana to Report Second Quarter 2025 Results and Host Quarterly Conference Call on July 30
PHOENIX--(BUSINESS WIRE)--Carvana Co. (NYSE: CVNA), the leading e-commerce platform for buying and selling used cars, today announced it will report its second quarter 2025 financial results for the period ended June 30, 2025, after the market closes on Wednesday, July 30, 2025. On that day, management will hold a conference call and webcast at 5:30 p.m. ET (2:30 p.m. PT) to review and discuss the company's business and results. A live webcast of the conference call will be accessible from the Investor Relations section of the company's website, After the call concludes, an archived version of the webcast will be available. A telephonic replay of the conference call will also be available until August 6, 2025, by dialing (877) 344-7529 or (412) 317-0088 and entering passcode 8645789#. About Carvana Carvana's mission is to change the way people buy and sell cars. Since launching in 2013, Carvana has revolutionized automotive retail and delighted millions of customers with an offering that is fun, fast, and fair. With Carvana, customers can find a car, get financing, trade in, and complete a purchase entirely online with the convenience of delivery or local pickup as soon as the same day. Carvana's unique offering is powered by its passionate team, differentiated national infrastructure, and purpose-built technology. For more information, please visit
Yahoo
18-06-2025
- Automotive
- Yahoo
JP Morgan Keeps Buy on Carvana (CVNA) as Strategic Investments Drive Earnings Growth
Carvana Co. (NYSE:CVNA) is one of the 10 best growth stocks to buy according to billionaires. As of June 13, Carvana has surged over 45% YTD and has amassed share price gains of nearly 180% over the last one year. The street expects its strong financial and operating performance to continue over the next two years. While revenue growth is projected to be around 20% to 30% over the next two years, adjusted EPS is expected to double from $3.15 in 2024 to $6.11 by 2026. An auto warehouse filled with newly acquired used cars. On June 13, JP Morgan analyst Rajat Gupta reiterated a Buy rating on Carvana, keeping the price target steady at $325. In his latest note, Gupta acknowledges the ongoing pressures in the used car market but notes that Carvana has emerged stronger following recent major restructuring efforts. The analyst notes that the company's digital model and focus on operational efficiency have helped it gain ground in a fragmented industry. One key advantage, according to Gupta, is Carvana's investment in infrastructure, particularly the acquisition of ADESA. These developments are seen as difficult for peers to match and are expected to support above-average margins. Gupta believes these efficiencies and strategic moves position Carvana well for sustained growth and could lead to upward earnings revisions over time. While the company is performing well on a fundamental level, investors should also consider that the stock is a high-beta name, with a 5-year monthly beta of over 3.5. Stocks with high beta can lead to significant returns, but they also carry a higher risk of declines during market sell-offs. Carvana is an e-commerce company specializing in the buying and selling of used cars. While we acknowledge the potential of CVNA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
