Carvana Co (NASDAQ:CVNA) – William Blair upped their Q3 2018 EPS estimates for Carvana in a research report issued on Friday. William Blair analyst S. Zackfia now anticipates that the company will post earnings of $0.04 per share for the quarter, up from their prior estimate of $0.03. William Blair has a “Outperform” rating on the stock.

Carvana (NASDAQ:CVNA) last issued its quarterly earnings data on Tuesday, August 8th. The company reported ($0.28) earnings per share for the quarter, topping the consensus estimate of ($0.30) by $0.02. The business had revenue of $209.37 million during the quarter, compared to analysts’ expectations of $198.84 million. The company’s revenue for the quarter was up 142.0% compared to the same quarter last year.

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Several other analysts have also recently issued reports on CVNA. Craig Hallum started coverage on shares of Carvana in a research note on Monday, May 22nd. They set a “buy” rating and a $16.00 price objective for the company. Robert W. Baird started coverage on shares of Carvana in a research note on Tuesday, May 23rd. They set an “outperform” rating and a $15.00 price objective for the company. Wells Fargo & Company started coverage on shares of Carvana in a research note on Tuesday, May 23rd. They set an “outperform” rating and a $19.00 price objective for the company. Deutsche Bank AG reissued a “buy” rating and set a $22.00 price objective on shares of Carvana in a research note on Tuesday, May 23rd. Finally, BMO Capital Markets initiated coverage on shares of Carvana in a research report on Tuesday, May 23rd. They set an “outperform” rating and a $15.00 price target for the company. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Carvana has a consensus rating of “Buy” and a consensus price target of $20.91.

Shares of Carvana (NASDAQ:CVNA) traded up 2.27% on Monday, reaching $16.70. The company had a trading volume of 48,328 shares. The firm’s market capitalization is $259.15 million. Carvana has a 1-year low of $8.14 and a 1-year high of $23.70. The firm has a 50-day moving average price of $17.04 and a 200 day moving average price of $16.21.

A number of institutional investors have recently made changes to their positions in the stock. Nationwide Fund Advisors purchased a new stake in Carvana during the 2nd quarter worth $177,000. ClariVest Asset Management LLC purchased a new stake in Carvana during the 2nd quarter worth $190,000. Nordea Investment Management AB purchased a new stake in Carvana during the 2nd quarter worth $190,000. Cubist Systematic Strategies LLC purchased a new stake in Carvana during the 2nd quarter worth $258,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in Carvana during the 2nd quarter worth $264,000.

About Carvana

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.

Earnings History and Estimates for Carvana (NASDAQ:CVNA)

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