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. The company was founded in 2012 and is headquartered in Tempe, Arizona.
IPO Year: 2017
Exchange: NYSE
Website: carvana.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/8/2025 | $195.00 → $277.00 | Neutral → Buy | Citigroup |
| 1/7/2025 | $270.00 → $280.00 | Sector Perform → Outperform | RBC Capital Mkts |
| 11/5/2024 | $110.00 → $260.00 | Underweight → Equal-Weight | Morgan Stanley |
| 9/17/2024 | $185.00 | Buy | BofA Securities |
| 9/16/2024 | $142.00 → $157.00 | In-line | Evercore ISI |
| 9/12/2024 | $190.00 | Overweight | Stephens |
| 8/1/2024 | $160.00 | Neutral | Robert W. Baird |
| 8/1/2024 | $175.00 | Equal Weight → Overweight | Wells Fargo |
| 7/12/2024 | $155.00 | Buy | BTIG Research |
| 7/10/2024 | $160.00 | Hold → Buy | Needham |
Drives Record Top and Bottom Line Results: Revenue of $13.67 Billion, Net Income of $404 Million and Adjusted EBITDA of $1.38 Billion Continues Industry-Leading Year-over-year Retail Unit Growth: 50% in Q4 and 33% for Full Year 2024 Delivers Record 3.0% Net Income margin and Industry-Leading 10.1% Adjusted EBITDA margin for Full Year 2024 Expects Significant Growth in Both Retail Units Sold and Adjusted EBITDA1 in Full Year 2025 Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced financial results for the quarter ended December 31, 2024. Carvana's complete fourth quarter and fiscal year 2024 financial results and management commenta
Carvana (NYSE:CVNA), an industry pioneer for buying and selling used cars online, today released an EV Trends Report highlighting the perspectives of the buyers driving the significant growth in used EV adoption. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250212581707/en/Carvana EV Trends Report (Graphic: Business Wire) Highlights from the report1 include: Carvana's EV sales mix continues to lead the used vehicle market as a whole, with 5.7% of Carvana's 2024 sales coming from the category versus 1.3% for the used car industry overall.2 The prospect of saving time and money at the pump is the single most common driver
Carvana Co. (NYSE:CVNA), an industry pioneer for buying and selling used cars online, today announced plans for an auction and reconditioning ‘Megasite' integration in Indianapolis. This effort will bring Carvana's Inspection and Reconditioning Center (IRC) capabilities to the existing ADESA Indianapolis wholesale auction site, while maintaining digital and in-lane auction operations. The integrated site will expand Carvana's overall production capacity and enrich its offerings for both retail and wholesale customers in the Indianapolis area. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250211857919/en/(Graphic: Business Wire)
Carvana Brings Shaq's Vision to Life on Jimmie Johnson's No. 84 Toyota What happens when a seven-time NASCAR champ and a basketball Hall of Famer settle their playful online banter with a friendly wager? In this case, one of them gets to "dress" the other for Daytona. Carvana, an industry pioneer for buying and selling used cars online, has brought together Jimmie Johnson and Shaquille O'Neal in the best way possible—by helping Shaq settle the score with his own custom paint scheme for Johnson's No.84 Toyota. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250208280808/en/Shaquille O'Neal Designs Jimmie Johnson's Paint Scheme f
ADESA Clear to add Selection, Features, and Geographic Reach in 2025 ADESA, a leader in wholesale auto, today announced plans for the continued expansion and development of its new, proprietary online auction product, ADESA Clear. ADESA, which is owned by leading online auto retailer Carvana (NYSE:CVNA), developed and began testing Clear in late 2023, leveraging both ADESA's extensive wholesale auto expertise and Carvana's deep technology and digital merchandising capabilities. In 2025, ADESA expects to expand Clear, adding more selection, new features, and broader geographic reach. Clear is one of many new digital tools Carvana and ADESA are developing to enhance the online and in-lane w
Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, will host institutional investors and analysts for a tour of its Haines City, Florida Inspection and Reconditioning Center on Thursday, March 6, 2025. Senior leadership from Carvana's Inventory and Fulfillment teams will share an overview of the facility's operations and answer questions. Space is limited. Investors may submit interest in attending by emailing [email protected]. About Carvana Carvana's mission is to change the way people buy and sell cars. Since launching in 2013, Carvana has revolutionized automotive retail and delighted millions of customers with an offering that is fun, f
Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced it will report its fourth quarter and fiscal year 2024 financial results for the period ended December 31, 2024, after the market closes on Wednesday, February 19, 2025. On that day, management will hold a conference call and webcast at 5:30 p.m. ET (2:30 p.m. PT) to review and discuss the company's business and results. What: Carvana Fourth Quarter 2024 Financial Results Conference Call When: Wednesday, February 19, 2025 Time: 5:30 p.m. ET (2:30 p.m. PT) Live Call: (833) 255-2830 or (412) 902-6715 An archived webcast of the co
With Their Signature Humor, Dax and Kristen Showcase How Carvana Makes it Easy for Every Shopper to Find Their Perfect Ride Carvana (NYSE:CVNA), an industry pioneer for buying and selling used cars online, today announced a new chapter in its collaboration with Kristen Bell and Dax Shepard. The duo stars in a brand-new commercial highlighting how Carvana's intuitive platform makes finding and buying your next car easier than ever, no matter how you shop. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250121479071/en/Kristen Bell and Dax Shepard Star in Carvana's Newest Campaign (Photo: Business Wire) "Kristen and Dax's comedic
Rush Soccer's New Collaboration with Largest Online Auto Retailer Will Support Youth Soccer Development Carvana (NYSE:CVNA), an industry pioneer for buying and selling used cars online, is excited to announce a new multi-year partnership with Rush Soccer, the world's largest youth soccer club. Aimed at enhancing the experiences of young athletes and their families across the country, this new collaboration positions Carvana as the front-of-kit partner on all Rush game jerseys. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250113584641/en/Carvana Launches Multi-Year Partnership with Rush Soccer (Photo: Business Wire) Rush Socc
Carvana Adds Inspection and Reconditioning Center Capabilities to Existing ADESA Atlanta Site, Increasing Production Capacity, Creating Jobs, and Enhancing Offering for Local Customers Carvana Co. (NYSE:CVNA), an industry pioneer for buying and selling used cars online, today announced plans for an auction and reconditioning ‘Megasite' integration in Atlanta. With this transition, Carvana will establish Inspection and Reconditioning Center (IRC) capabilities at its existing ADESA Atlanta wholesale auction site while maintaining all digital and in-lane auction operations. The integrated site will support Carvana's continued growth by building overall production capacity and will also enhan
eSTART aims to Modernize Automotive Title and Registration Carvana (NYSE:CVNA), an industry pioneer for buying and selling used cars online, is proud to announce its participation in the Electronic Secure Title and Registration Transformation (eSTART) Coalition as a founding member. The eSTART Coalition is a group of automotive industry stakeholders advocating for the application of modern digital solutions to state and local DMV operations. "Carvana has changed the way people buy and sell cars in large part by using technology to drive better customer experiences, and we are excited to advocate for a similar evolution in vehicle title and registration as a founding member of the eSTART
Online Auto Retailer Debuts 39th Signature Car Vending Machine in U.S., Fifth in the Golden State Carvana (NYSE:CVNA), an industry pioneer for buying and selling used cars online, today debuted its newest Car Vending Machine in San Diego, California. The state-of-the-art steel and glass structure stands an impressive six stories tall along the 8 in Mission Valley and has a 19-vehicle capacity. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240228663998/en/Carvana Opens 39th Iconic Vending Machine in Mission Valley (Photo: Business Wire) Now, local Carvana customers can enjoy the convenience and fun of picking up their vehicle
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Citigroup upgraded Carvana from Neutral to Buy and set a new price target of $277.00 from $195.00 previously
RBC Capital Mkts upgraded Carvana from Sector Perform to Outperform and set a new price target of $280.00 from $270.00 previously
Morgan Stanley upgraded Carvana from Underweight to Equal-Weight and set a new price target of $260.00 from $110.00 previously
BofA Securities resumed coverage of Carvana with a rating of Buy and set a new price target of $185.00
Evercore ISI reiterated coverage of Carvana with a rating of In-line and set a new price target of $157.00 from $142.00 previously
Stephens initiated coverage of Carvana with a rating of Overweight and set a new price target of $190.00
Robert W. Baird resumed coverage of Carvana with a rating of Neutral and set a new price target of $160.00
Wells Fargo upgraded Carvana from Equal Weight to Overweight and set a new price target of $175.00
BTIG Research initiated coverage of Carvana with a rating of Buy and set a new price target of $155.00
Needham upgraded Carvana from Hold to Buy and set a new price target of $160.00
Drives Record Top and Bottom Line Results: Revenue of $13.67 Billion, Net Income of $404 Million and Adjusted EBITDA of $1.38 Billion Continues Industry-Leading Year-over-year Retail Unit Growth: 50% in Q4 and 33% for Full Year 2024 Delivers Record 3.0% Net Income margin and Industry-Leading 10.1% Adjusted EBITDA margin for Full Year 2024 Expects Significant Growth in Both Retail Units Sold and Adjusted EBITDA1 in Full Year 2025 Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced financial results for the quarter ended December 31, 2024. Carvana's complete fourth quarter and fiscal year 2024 financial results and management commenta
Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced it will report its fourth quarter and fiscal year 2024 financial results for the period ended December 31, 2024, after the market closes on Wednesday, February 19, 2025. On that day, management will hold a conference call and webcast at 5:30 p.m. ET (2:30 p.m. PT) to review and discuss the company's business and results. What: Carvana Fourth Quarter 2024 Financial Results Conference Call When: Wednesday, February 19, 2025 Time: 5:30 p.m. ET (2:30 p.m. PT) Live Call: (833) 255-2830 or (412) 902-6715 An archived webcast of the co
Delivers Net Income of $148 Million and record Adjusted EBITDA of $429 Million Drives industry-leading 34% YoY Retail Unit growth, Net Income margin of 4.0%, and industry-leading 11.7% Adjusted EBITDA margin, a new best for public automotive retailers For Q4, Carvana expects a sequential increase in YoY growth rate for retail units; for full year 2024, Carvana expects Adjusted EBITDA significantly above the high end of previous $1.0 - $1.2 Billion range1 Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced financial results for the quarter ended September 30, 2024. Carvana's complete third quarter 2024 financial results and management
Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced it will report its third quarter 2024 financial results for the period ended September 30, 2024, after the market closes on Wednesday, October 30, 2024. On that day, management will hold a conference call and webcast at 5:30 p.m. ET (2:30 p.m. PT) to review and discuss the company's business and results. What: Carvana Third Quarter 2024 Financial Results Conference Call When: Wednesday, October 30, 2024 Time: 5:30 p.m. ET (2:30 p.m. PT) Live Call: (833) 255-2830 or (412) 902-6715 An archived webcast of the conference call will be accessible from the Investor Relations section of the
Delivers Net Income of $48M and Net Income Margin of 1.4% Drives industry-leading 33% YoY Retail Unit growth and industry-leading profitability among public automotive retailers with record 10.4% Adjusted EBITDA Margin Carvana expects a sequential increase in retail units in Q3 and FY 2024 Adjusted EBITDA of $1.0 - 1.2 Billion1 Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced financial results for the quarter ended June 30, 2024. Carvana's complete second quarter 2024 financial results and management commentary are available in the company's shareholder letter on the quarterly results page of its Investor Relations website. "
Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced it will report its second quarter 2024 financial results for the period ended June 30, 2024, after the market closes on Wednesday, July 31, 2024. On that day, management will hold a conference call and webcast at 5:30 p.m. ET (2:30 p.m. PT) to review and discuss the company's business and results. What: Carvana Second Quarter 2024 Financial Results Conference Call When: Wednesday, July 31, 2024 Time: 5:30 p.m. ET (2:30 p.m. PT) Live Call: (833) 255-2830 or (412) 902-6715 An archived webcast of the conference call will be accessible from the Investor Relations section of the company
Achieves positive Net Income margin and industry-leading Adjusted EBITDA margin while growing retail units 16% year-over-year Sets new Q1 records on key profitability metrics: Net Income $49 million; Adjusted EBITDA $235 million Carvana expects sequential increases in YoY retail unit growth rate and Adjusted EBITDA in Q21 Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced financial results for the quarter ended March 31, 2024. Carvana's complete first quarter 2024 financial results and management commentary can be found by accessing the company's shareholder letter on the quarterly results page of its Investor Relations website.
Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced it will report its first quarter 2024 financial results for the period ended March 31, 2024, after the market closes on Wednesday, May 1, 2024. On that day, management will hold a conference call and webcast at 5:30 p.m. ET (2:30 p.m. PT) to review and discuss the company's business and results. What: Carvana First Quarter 2024 Financial Results Conference Call When: Wednesday, May 1, 2024 Time: 5:30 p.m. ET (2:30 p.m. PT) Live Call: (833) 255-2830 or (412) 902-6715 An archived webcast of the con
New records for full year profitability: Net Income $150 million; Adjusted EBITDA $339 million Total Gross Profit per Unit reached new full year record $5,511 GAAP and $5,984 non-GAAP and set quarterly records in all four quarters of 2023 In Q1, Carvana expects Adjusted EBITDA significantly above $100 million1 and retail units slightly up on a year-over-year basis Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced financial results for the quarter and full year ended December 31, 2023. Carvana's complete fourth quarter 2023 and full year 2023 financial results and management commentary can be found by accessing the Company's shar
Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced it will report its fourth quarter and fiscal year 2023 financial results for the period ended December 31, 2023, after the market closes on Thursday, February 22, 2024. On that day, management will hold a conference call and webcast at 5:30 p.m. ET (2:30 p.m. PT) to review and discuss the company's business and results. What: Carvana Fourth Quarter 2023 Financial Results Conference Call When: Thursday, February 22, 2024 Time: 5:30 p.m. ET (2:30 p.m. PT) Live Call: (833) 255-2830 or (412) 902-6715 An archived webcast of the