Carvana (CVNA) Receiving Somewhat Positive Press Coverage, Analysis Shows
News stories about Carvana (NYSE:CVNA) have been trending somewhat positive on Sunday, Accern reports. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Carvana earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.0867303509001 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Several research analysts recently weighed in on the company. Deutsche Bank lowered Carvana from a “buy” rating to a “hold” rating and increased their price objective for the stock from $22.00 to $23.50 in a research report on Friday, December 8th. B. Riley restated a “sell” rating and set a $12.00 price target on shares of Carvana in a research report on Monday, December 4th. Robert W. Baird raised their price target on Carvana from $17.00 to $23.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 5th. Wedbush restated a “neutral” rating and set a $18.14 price target (down from $20.00) on shares of Carvana in a research report on Friday, September 15th. Finally, ValuEngine lowered Carvana from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $19.88.
Shares of Carvana (NYSE CVNA) opened at $19.71 on Friday. 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 has a 52 week low of $8.14 and a 52 week high of $24.89.
Carvana (NYSE:CVNA) last announced its quarterly earnings data on Tuesday, November 7th. The company reported ($0.29) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.30) by $0.01. The business had revenue of $225.40 million for the quarter, compared to analysts’ expectations of $243.61 million. Carvana had a negative return on equity of 153.67% and a negative net margin of 11.81%. equities research analysts anticipate that Carvana will post -1.2 EPS for the current year.
In other news, major shareholder 2014 Fidel Family Trust Dated sold 1,101,624 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $22.65, for a total value of $24,951,783.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
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Carvana Company Profile
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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