FY2024 EPS Estimates for Carvana Decreased by William Blair

Carvana Co. (NYSE:CVNA) – Equities research analysts at William Blair cut their FY2024 earnings per share (EPS) estimates for Carvana in a report released on Tuesday, February 11th. William Blair analyst S. Zackfia now forecasts that the company will post earnings of $0.86 per share for the year, down from their prior forecast of $0.89. The consensus estimate for Carvana’s current full-year earnings is $0.88 per share. William Blair also issued estimates for Carvana’s Q4 2024 earnings at $0.26 EPS, Q1 2025 earnings at $0.47 EPS, Q2 2025 earnings at $0.73 EPS, Q3 2025 earnings at $0.69 EPS, Q4 2025 earnings at $0.52 EPS and FY2025 earnings at $2.41 EPS.

CVNA has been the subject of a number of other reports. Evercore ISI lifted their price objective on shares of Carvana from $240.00 to $245.00 and gave the stock an “in-line” rating in a research report on Tuesday, December 3rd. Jefferies Financial Group lifted their target price on shares of Carvana from $150.00 to $185.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Needham & Company LLC reissued a “buy” rating and issued a $330.00 price target on shares of Carvana in a report on Tuesday, January 7th. Morgan Stanley upgraded Carvana from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $110.00 to $260.00 in a report on Tuesday, November 5th. Finally, Piper Sandler increased their target price on Carvana from $151.00 to $225.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $249.29.

Carvana Stock Down 1.2 %

CVNA stock opened at $267.97 on Thursday. Carvana has a 1-year low of $48.15 and a 1-year high of $272.96. The business’s 50 day simple moving average is $231.41 and its 200 day simple moving average is $201.73. The company has a current ratio of 3.25, a quick ratio of 2.12 and a debt-to-equity ratio of 18.99. The firm has a market capitalization of $55.64 billion, a PE ratio of 26,823.82 and a beta of 3.37.

Insider Buying and Selling

In other news, insider Daniel J. Gill sold 44,000 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $259.47, for a total transaction of $11,416,680.00. Following the completion of the transaction, the insider now owns 191,225 shares of the company’s stock, valued at approximately $49,617,150.75. The trade was a 18.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ryan S. Keeton sold 24,845 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $247.90, for a total value of $6,159,075.50. Following the completion of the sale, the insider now directly owns 151,029 shares in the company, valued at $37,440,089.10. This trade represents a 14.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 125,207 shares of company stock worth $31,110,504. Corporate insiders own 17.12% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. MIG Capital LLC acquired a new position in Carvana during the 4th quarter worth approximately $307,000. Russell Investments Group Ltd. grew its stake in shares of Carvana by 22.2% during the fourth quarter. Russell Investments Group Ltd. now owns 31,293 shares of the company’s stock worth $6,391,000 after buying an additional 5,687 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Carvana by 2.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 35,242 shares of the company’s stock worth $7,167,000 after buying an additional 810 shares in the last quarter. Aviva PLC bought a new position in shares of Carvana in the 4th quarter valued at $304,000. Finally, Resona Asset Management Co. Ltd. acquired a new stake in shares of Carvana during the 4th quarter valued at $6,554,000. Institutional investors own 56.71% of the company’s stock.

Carvana Company Profile

Carvana Co, together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States. Its platform allows customers to research and identify a vehicle; inspect it using company's 360-degree vehicle imaging technology; obtain financing and warranty coverage; purchase the vehicle; and schedule delivery or pick-up from their desktop or mobile devices.