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 |
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
Tesla Model 3 Claims the Top Spot, Surpassing the Chevrolet Equinox as 2024's Carvana Customer Favorite Carvana Co. (NYSE:CVNA), an industry leader for buying and selling used cars online, has unveiled its top-selling vehicles of 2024. This year's rankings highlight evolving customer preferences, with an electric vehicle, the Tesla Model 3, claiming the top spot. SUVs also dominate the 2024 list, demonstrating their enduring appeal among families and adventurers alike. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241218165701/en/Carvana's shares its latest reveal of 2024's top-selling used cars. (Photo: Business Wire) Carvan
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
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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
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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
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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