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 |
---|---|---|---|
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 |
5/2/2024 | $70.00 → $130.00 | Neutral → Overweight | JP Morgan |
3/12/2024 | $30.00 → $85.00 | Underperform → Hold | Jefferies |
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Carvana Adds Inspection and Reconditioning Center Capabilities to Existing ADESA Boston 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 Boston. With this transition, Carvana will establish Inspection and Reconditioning Center (IRC) capabilities at its existing ADESA Boston wholesale auction site while maintaining all digital and in-lane auction operations. This location will anchor the growth of Carvana's retail and wholesale operations in the area and enhance the company's of
Local customers can now order a vehicle online and have it delivered within hours Carvana (NYSE:CVNA), an industry pioneer for buying and selling used cars online, today announced the expansion of its same day vehicle delivery offering to the greater Las Vegas, Nevada area. Select Las Vegas area residents can now take delivery of a vehicle purchase as soon as the same day they place an order on Carvana.com. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241113940720/en/Carvana now offers same day delivery to Las Vegas area residents. Customers get a significant upgrade over a test drive with the Carvana 7-day no-reasons-needed
Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced that Mark Jenkins, Carvana's Chief Financial Officer, will present to the investor community and host meetings at the conference. 2024 RBC Capital Markets Global Technology, Internet, Media and Telecommunication Conference Presentation Date and Time: Wednesday, November 20, 2024, at 8:00 AM ET* Location: InterContinental New York Barclay, 111 E 48th Street, New York, NY 10017 *A webcast of the presentation will be accessible on the Investor Relations section of the Carvana website (https://investors.carvana.com). An archived replay of the webcast will be available following the liv
Speed Meets Service in Carvana's New Same Day Delivery Commercial Carvana, an industry pioneer for buying and selling used cars online, today launched a new broadcast campaign starring seven-time NASCAR champion Jimmie Johnson. The commercial highlights Carvana's same day vehicle delivery service, allowing customers to receive their car in less than 24 hours after placing an order on carvana.com. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241111870879/en/Jimmie Johnson Stars in Carvana's New Same Day Delivery Campaign (Graphic: Business Wire) "After several successful seasons with Jimmie, we couldn't be more excited to have
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
Hollywood's Favorite Couple Brings Humor and Heart to Carvana's New Campaign Carvana (NYSE:CVNA), an industry pioneer for buying and selling used cars online, today announced the continuation of its successful partnership with Kristen Bell and Dax Shepard in a fresh, comedic campaign. The duo stars in a brand-new commercial featuring Carvana's Value Tracker—a tool designed to make it easy to know and track the value of your car over time. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241028444516/en/Kristen Bell and Dax Shepard Star in Carvana's New Value Tracker Commercial (Photo: Business Wire) "We are incredibly excited to r
Local customers can now order a vehicle online and have it delivered within hours Carvana (NYSE:CVNA), an industry pioneer for buying and selling used cars online, today announced the expansion of its same day vehicle delivery offering to the greater Houston, Texas area. Select Houston area residents can now take delivery of a vehicle purchase as soon as the same day they place an order on Carvana.com. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241023779940/en/Carvana now offers same day delivery to Houston area residents. (Photo: Business Wire) "We were searching for a Jeep for my son's 16th birthday and had a specific budg
Shoppers Dive into Features and Specs as EV Interest Increases and Selection Grows Carvana (NYSE:CVNA), an industry pioneer for buying and selling used cars online, today released its EV Trends Report for Q3 2024. The report focuses on consumer search behavior, showcasing the increasing interest in electric vehicles (EVs) and evolving preferences among shoppers. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241022435624/en/Carvana's Q3 EV Trends Report (Graphic: Business Wire) Key findings from the report1 include: The EV share of make-model searches on Carvana.com has grown in every quarter of 2024. Additionally, EV share of
Jimmie Johnson's No. 84 Toyota Gets a Fan-Designed Makeover for NASCAR Championship Cup Carvana, an industry pioneer for buying and selling used cars online, has teamed up with NASCAR legend Jimmie Johnson and LEGACY MOTOR CLUB to reveal the winning paint scheme from Carvana's Fan Design Contest. In a tribute to the vibrant beauty of the Grand Canyon State, longtime fan Ben Moore designed a livery unlike any other for Johnson's No. 84 Toyota. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241016897953/en/Carvana and Jimmie Johnson Reveal NASCAR Cup Series Championship Paint Scheme (Photo: Business Wire) "I'm thrilled with Ben's
Carvana Adds Inspection and Reconditioning Center Capabilities to ADESA Las Vegas, Expanding Total Production Capacity 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 Las Vegas. With this transition, Carvana will establish Inspection and Reconditioning Center (IRC) capabilities at its existing ADESA Las Vegas wholesale auction site while maintaining all digital and in-lane auction operations. This location will anchor the growth of Carvana's retail and wholesale operations in the area and enhance the company's offering for retail
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
JP Morgan upgraded Carvana from Neutral to Overweight and set a new price target of $130.00 from $70.00 previously
Jefferies upgraded Carvana from Underperform to Hold and set a new price target of $85.00 from $30.00 previously
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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
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
Focus on profitability drives new Q3 bests: Net Income $741 Million; Adjusted EBITDA $148 Million Differentiated unit economics, including Q3 best GPU of $5,952 and Q3 best Non-GAAP GPU of $6,396, validate strength and profitability of Carvana business model Simultaneous 6% sequential retail unit growth and more than $400 per retail unit sequential SG&A expense reduction demonstrate early potential for significant operating leverage Q4 2023 focus remains on further differentiating unit economics; Carvana already has infrastructure in place to support efficient scale-up upon return to growth Carvana Co. (NYSE:CVNA), the fastest growing used car dealer in U.S. history, today announced
Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced it will report its third quarter 2023 financial results for the period ended September 30, 2023, after the market closes on Thursday, November 2, 2023. 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. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231005793568/en/Carvana successfully disrupted the auto industry with a proven e-commerce model serving millions of satisfied customers and is the fastest growing used automotiv
Deep-pocketed investors have adopted a bullish approach towards Carvana (NYSE:CVNA), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in CVNA usually suggests something big is about to happen. We gleaned this information from our observations today when Benzinga's options scanner highlighted 13 extraordinary options activities for Carvana. This level of activity is out of the ordinary. The general mood among these heavyweight investors is divided, with 38% leaning bullish and 38% bearish. Among these notable options, 3 are pu
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Here's the list of options activity happening in today's session: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume TSLA PUT SWEEP BULLISH 07/19/24 $245.00 $26.3K 16.6K 99.6K GME CALL SWEEP BULLISH 07/26/24 $28.00 $28
JP Morgan analyst Rajat Gupta maintains Carvana (NYSE:CVNA) with a Overweight and raises the price target from $150 to $155.
Carvana (NYSE:CVNA) has outperformed the market over the past 5 years by 2.48% on an annualized basis producing an average annual return of 15.45%. Currently, Carvana has a market capitalization of $15.36 billion. Buying $1000 In CVNA: If an investor had bought $1000 of CVNA stock 5 years ago, it would be worth $2,197.60 today based on a price of $128.45 for CVNA at the time of writing. Carvana's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewe
Evercore ISI Group analyst Michael Montani maintains Carvana (NYSE:CVNA) with a In-Line and raises the price target from $135 to $140.
Financial giants have made a conspicuous bearish move on Carvana. Our analysis of options history for Carvana (NYSE:CVNA) revealed 10 unusual trades. Delving into the details, we found 10% of traders were bullish, while 70% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $91,260, and 7 were calls, valued at $571,320. Projected Price Targets Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $125.0 to $160.0 for Carvana over the last 3 months. Volume & Open Interest Trends Assessing the volume and open interest is a strategic step in options trading. These metrics shed li
BTIG analyst Marvin Fong initiates coverage on Carvana (NYSE:CVNA) with a Buy rating and announces Price Target of $155.
Carvana (NYSE:CVNA) has outperformed the market over the past 5 years by 5.79% on an annualized basis producing an average annual return of 19.48%. Currently, Carvana has a market capitalization of $16.86 billion. Buying $100 In CVNA: If an investor had bought $100 of CVNA stock 5 years ago, it would be worth $236.42 today based on a price of $141.00 for CVNA at the time of writing. Carvana's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed by
It’s another memorable day for the stock market, as the blue-chip Dow Jones Industrial Average Index reaches new record highs, surpassing the 40,000-mark milestone and breaking the previous peak set in May. Small caps continue their rally driven by strong bets on interest rate cuts, sustaining momentum after Thursday’s extraordinary surge. The Russell 2000 Index, as tracked by the iShares Russell 2000 ETF (NYSE:IWM), has had its best week of the year, gaining over 6%. Each of the eleven S&P 500 sectors showed a gain Friday, with the index of the 500 largest U.S. corporations rising 0.9%. For the S&P 500, this marks the tenth positive week out of the last twelve. The Nasdaq 100 also