Can Carvana Co. (CVNA)’s Tomorrow Be Different? The Stock Increases Again

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 earnings per share, down 42.86 % or $0.12 from last year’s $-0.28 per share. After $-0.36 actual earnings per share 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. On Tuesday, May 23 the stock rating was initiated by Wells Fargo with “Outperform”. The company was initiated on Tuesday, May 23 by Deutsche Bank. The firm earned “Sell” rating on Friday, September 22 by B. Riley & Co. The company was initiated on Tuesday, May 23 by JMP Securities. As per Friday, December 8, the company rating was downgraded by Deutsche Bank. The rating was initiated by Craig Hallum on Tuesday, May 23 with “Buy”. The stock of Carvana Co. (NYSE:CVNA) earned “Mkt Perform” rating by Barrington Research on Friday, October 27. The rating was initiated by Robert W. Baird on Tuesday, May 23 with “Outperform”. 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: which released: “Earnings Reaction History: CARVANA CO, 66.7% Follow-Through Indicator, 13.5 …” on March 06, 2018, also with their article: “Carvana: Routine Disappointment” published on March 10, 2018, published: “What Investors Should Think of Carvana Co.’s Fourth Quarter” on March 14, 2018. More interesting news about Carvana Co. (NYSE:CVNA) were released by: and their article: “Carvana Co. (CVNA): Citi Shifts Coverage Keeping Buy Rating” published on March 09, 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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