Could Carvana Co. (CVNA) Rise Even More? The Stock Had Another Big Increase Today

December 7, 2017 - By Richard Conner

The stock of Carvana Co. (NYSE:CVNA) is a huge mover today! The stock increased 7.15% or $1.47 during the last trading session, reaching $22.02. About 404,689 shares traded. Carvana Co. (NYSE:CVNA) has 0.00% since December 7, 2016 and is . It has underperformed by 16.70% the S&P500.
The move comes after 8 months positive chart setup for the $3.04 billion company. It was reported on Dec, 7 by We have $23.78 PT which if reached, will make NYSE:CVNA worth $242.80M more.

Analysts await Carvana Co. (NYSE:CVNA) to report earnings on February, 6. After $-0.29 actual EPS reported by Carvana Co. for the previous quarter, Wall Street now forecasts 17.24 % negative EPS growth.

Carvana Co. (NYSE:CVNA) Ratings Coverage

Among 8 analysts covering Carvana (NYSE:CVNA), 6 have Buy rating, 1 Sell and 1 Hold. Therefore 75% are positive. Carvana had 8 analyst reports since May 23, 2017 according to SRatingsIntel. The stock of Carvana Co. (NYSE:CVNA) earned “Buy” rating by Craig Hallum on Tuesday, May 23. The firm has “Mkt Outperform” rating by JMP Securities given on Tuesday, May 23. The company was initiated on Tuesday, May 23 by Citigroup. The stock of Carvana Co. (NYSE:CVNA) has “Buy” rating given on Tuesday, May 23 by Deutsche Bank. The firm has “Outperform” rating by Robert W. Baird given on Tuesday, May 23. The stock of Carvana Co. (NYSE:CVNA) earned “Sell” rating by B. Riley & Co on Friday, September 22. The stock of Carvana Co. (NYSE:CVNA) earned “Mkt Perform” rating by Barrington Research on Friday, October 27. Wells Fargo initiated Carvana Co. (NYSE:CVNA) on Tuesday, May 23 with “Outperform” rating.

More notable recent Carvana Co. (NYSE:CVNA) news were published by: which released: “Carvana launches its second Arizona market” on December 06, 2017, also with their article: “Despite record revenue, Carvana sees losses widen in latest quarter” published on November 07, 2017, published: “Carvana Co. (CVNA) $100M Private Placement of Class A Convertible Preferred Stock” on December 04, 2017. More interesting news about Carvana Co. (NYSE:CVNA) were released by: and their article: “Carvana: The Engine Is Sputtering” published on November 27, 2017 as well as‘s news article titled: “What Investors Need to Know About Carvana’s Third Quarter” with publication date: November 10, 2017.

Carvana Co. operates an e-commerce platform for buying used cars in the United States. The company has market cap of $3.04 billion. It purchases, reconditions, sells, and delivers vehicles to clients through its Website. It currently has negative earnings.

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