What’s Carvana Co. (CVNA) Upside After Today’s Big Increase?

December 7, 2017 - By Nellie Frank

The stock of Carvana Co. (NYSE:CVNA) is a huge mover today! The stock increased 7.15% or $1.47 during the last trading session, reaching $22.02. About 404,689 shares traded. Carvana Co. (NYSE:CVNA) has 0.00% since December 7, 2016 and is . It has underperformed by 16.70% the S&P500.
The move comes after 8 months positive chart setup for the $3.04 billion company. It was reported on Dec, 7 by Barchart.com. We have $23.78 PT which if reached, will make NYSE:CVNA worth $242.80M more.

Analysts await Carvana Co. (NYSE:CVNA) to report earnings on February, 6. After $-0.29 actual earnings per share reported by Carvana Co. for the previous quarter, Wall Street now forecasts 17.24 % negative EPS growth.

Carvana Co. (NYSE:CVNA) Ratings Coverage

Among 8 analysts covering Carvana (NYSE:CVNA), 6 have Buy rating, 1 Sell and 1 Hold. Therefore 75% are positive. Carvana had 8 analyst reports since May 23, 2017 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, May 23 by Craig Hallum. On Tuesday, May 23 the stock rating was initiated by Wells Fargo with “Outperform”. Deutsche Bank initiated it with “Buy” rating and $22 target in Tuesday, May 23 report. The rating was initiated by JMP Securities with “Mkt Outperform” on Tuesday, May 23. The stock of Carvana Co. (NYSE:CVNA) has “Outperform” rating given on Tuesday, May 23 by Robert W. Baird. The rating was initiated by Barrington Research with “Mkt Perform” on Friday, October 27. On Friday, September 22 the stock rating was initiated by B. Riley & Co with “Sell”. Citigroup initiated Carvana Co. (NYSE:CVNA) rating on Tuesday, May 23. Citigroup has “Buy” rating and $17 target.

More notable recent Carvana Co. (NYSE:CVNA) news were published by: Seekingalpha.com which released: “Carvana: The Engine Is Sputtering” on November 27, 2017, also Bizjournals.com with their article: “Carvana launches its second Arizona market” published on December 06, 2017, Streetinsider.com published: “Carvana Co. (CVNA) $100M Private Placement of Class A Convertible Preferred Stock” on December 04, 2017. More interesting news about Carvana Co. (NYSE:CVNA) were released by: Crainsdetroit.com and their article: “Ally provides $2 billion in financing to Carvana” published on November 07, 2017 as well as Bizjournals.com‘s news article titled: “Despite record revenue, Carvana sees losses widen in latest quarter” with publication date: November 07, 2017.

Carvana Co. operates an e-commerce platform for buying used cars in the United States. The company has market cap of $3.04 billion. It purchases, reconditions, sells, and delivers vehicles to clients through its Website. It currently has negative earnings.

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