Carvana (CVNA) Given Daily Coverage Optimism Score of 0.08
News coverage about Carvana (NYSE:CVNA) has trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Carvana earned a coverage optimism score of 0.08 on Accern’s scale. Accern also gave media coverage about the company an impact score of 45.894110746374 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- America’s Car-Mart (CRMT) vs. Carvana (CVNA) Financial Review (americanbankingnews.com)
- Penske Automotive Group, Inc. : Earnings Review and Free Research Report: Penske Automotive Group’s Revenue Grew 7.2%; EPS Advanced 6.8% (4-traders.com)
- Carvana Co. (CVNA) Overcome Concerns on Long-Term Commitments – Stock News Stop (stockmarketstop.com)
- Carvana Co. (CVNA) Earns Buy Rating from Robert W. Baird (americanbankingnews.com)
A number of research firms recently weighed in on CVNA. Zacks Investment Research raised shares of Carvana from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Monday, October 16th. Barrington Research started coverage on shares of Carvana in a research note on Friday, October 27th. They issued a “market perform” rating for the company. Craig Hallum boosted their price objective on shares of Carvana from $16.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Robert W. Baird restated a “buy” rating and issued a $17.00 price objective on shares of Carvana in a research note on Monday. Finally, Wedbush restated a “neutral” rating and issued a $18.14 price objective (down from $20.00) on shares of Carvana in a research note on Friday, September 15th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $19.31.
Shares of Carvana (CVNA) traded up $0.65 during mid-day trading on Thursday, reaching $15.32. 254,100 shares of the company were exchanged, compared to its average volume of 764,539. Carvana has a fifty-two week low of $8.14 and a fifty-two week high of $23.70. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.71 and a current ratio of 1.50.
Carvana (NYSE:CVNA) last announced its earnings results on Tuesday, November 7th. The company reported ($0.29) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.30) by $0.01. Carvana had a negative net margin of 11.81% and a negative return on equity of 153.67%. The business had revenue of $225.40 million for the quarter, compared to analyst estimates of $243.61 million. analysts predict that Carvana will post -1.19 EPS for the current year.
Carvana Co is an e-commerce platform for buying used cars. On the Company’s platform, consumers can research and identify a vehicle, inspect it using its proprietary 360-degree vehicle imaging technology, obtain financing and warranty coverage, purchase the vehicle and schedule delivery or pick-up, all from their desktop or mobile devices.
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