Somewhat Positive Media Coverage Somewhat Unlikely to Affect Carvana (CVNA) Share Price
News articles about Carvana (NYSE:CVNA) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Carvana earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.8104367336933 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Several research firms recently commented on CVNA. B. Riley reiterated a “sell” rating and issued a $12.00 price target on shares of Carvana in a research report on Wednesday, November 8th. JMP Securities reduced their price target on shares of Carvana from $25.00 to $23.00 and set an “outperform” rating for the company in a research report on Wednesday, November 8th. Wedbush reiterated a “neutral” rating and issued a $14.00 price target (down previously from $20.00) on shares of Carvana in a research report on Wednesday, November 8th. Robert W. Baird reduced their price target on shares of Carvana from $22.00 to $17.00 and set an “outperform” rating for the company in a research report on Wednesday, November 8th. Finally, BMO Capital Markets reduced their price target on shares of Carvana from $25.00 to $19.00 and set an “outperform” rating for the company in a research report on Wednesday, November 8th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $19.88.
Carvana (CVNA) opened at $20.51 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.50 and a quick ratio of 0.71. The stock has a market cap of $2,720.00 and a price-to-earnings ratio of -16.02. Carvana has a 12 month low of $8.14 and a 12 month 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 company had revenue of $225.40 million for the quarter, compared to analysts’ expectations of $243.61 million. Carvana had a negative net margin of 11.81% and a negative return on equity of 153.67%. equities research analysts anticipate that Carvana will post -1.2 earnings per share for the current fiscal year.
In other Carvana news, major shareholder 2014 Fidel Family Trust Dated sold 1,101,624 shares of the business’s stock in a transaction on Friday, December 15th. The shares were 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 link. Insiders own 21.69% of the company’s stock.
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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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