Carvana Co. (CVNA) Has Another Very Strong Trading Session

December 7, 2017 - By Henry Gaston

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. Deutsche Bank initiated the stock with “Buy” rating in Tuesday, May 23 report. The stock has “Outperform” rating by Robert W. Baird on Tuesday, May 23. The stock of Carvana Co. (NYSE:CVNA) has “Mkt Outperform” rating given on Tuesday, May 23 by JMP Securities. The rating was initiated by B. Riley & Co on Friday, September 22 with “Sell”. The stock has “Mkt Perform” rating by Barrington Research on Friday, October 27. The company was initiated on Tuesday, May 23 by Wells Fargo. The company was initiated on Tuesday, May 23 by Craig Hallum. 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: Crainsdetroit.com which released: “Ally provides $2 billion in financing to Carvana” on November 07, 2017, also Fool.com with their article: “What Investors Need to Know About Carvana’s Third Quarter” published on November 10, 2017, Bizjournals.com published: “Despite record revenue, Carvana sees losses widen in latest quarter” on November 07, 2017. More interesting news about Carvana Co. (NYSE:CVNA) were released by: Seekingalpha.com and their article: “Carvana: The Engine Is Sputtering” published on November 27, 2017 as well as Bizjournals.com‘s news article titled: “Carvana launches its second Arizona market” with publication date: December 06, 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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