Carvana Co. (CVNA)’s Trend Up, Especially After Today’s Strong Session

March 14, 2018 - By Louis Casey

The stock of Carvana Co. (NYSE:CVNA) is a huge mover today! The stock increased 13.67% or $2.58 during the last trading session, reaching $21.45. About 928,327 shares traded or 103.04% up from the average. Carvana Co. (NYSE:CVNA) has 0.00% since March 14, 2017 and is . It has underperformed by 16.70% the S&P500.
The move comes after 8 months positive chart setup for the $3.00 billion company. It was reported on Mar, 14 by We have $22.52 PT which if reached, will make NYSE:CVNA worth $150.00 million more.

Analysts await Carvana Co. (NYSE:CVNA) to report earnings on June, 5. They expect $-0.40 earnings per share, down 42.86 % or $0.12 from last year’s $-0.28 per share. After $-0.36 actual earnings per share reported by Carvana Co. for the previous quarter, Wall Street now forecasts 11.11 % negative EPS growth.

Carvana Co. (NYSE:CVNA) Ratings Coverage

Among 8 analysts covering Carvana (NYSE:CVNA), 5 have Buy rating, 1 Sell and 2 Hold. Therefore 63% are positive. Carvana had 9 analyst reports since May 23, 2017 according to SRatingsIntel. The stock of Carvana Co. (NYSE:CVNA) earned “Hold” rating by Deutsche Bank on Friday, December 8. B. Riley & Co initiated the shares of CVNA in report on Friday, September 22 with “Sell” rating. Robert W. Baird initiated Carvana Co. (NYSE:CVNA) on Tuesday, May 23 with “Outperform” rating. Citigroup initiated Carvana Co. (NYSE:CVNA) on Tuesday, May 23 with “Buy” rating. The stock of Carvana Co. (NYSE:CVNA) has “Outperform” rating given on Tuesday, May 23 by Wells Fargo. JMP Securities initiated the stock with “Mkt Outperform” rating in Tuesday, May 23 report. The stock of Carvana Co. (NYSE:CVNA) has “Buy” rating given on Tuesday, May 23 by Craig Hallum. Barrington Research initiated the stock with “Mkt Perform” rating in Friday, October 27 report. The firm earned “Buy” rating on Tuesday, May 23 by Deutsche Bank.

More notable recent Carvana Co. (NYSE:CVNA) news were published by: which released: “Carvana: Routine Disappointment” on March 10, 2018, also with their article: “What Investors Should Think of Carvana Co.’s Fourth Quarter” published on March 14, 2018, published: “Carvana Co. (CVNA): Citi Shifts Coverage Keeping Buy Rating” on March 09, 2018. More interesting news about Carvana Co. (NYSE:CVNA) were released by: and their article: “Despite loss, Carvana posts record revenue” published on March 07, 2018 as well as‘s news article titled: “BMO Downgrades Carvana On Q4 Miss, Weak Guidance” with publication date: March 07, 2018.

Carvana Co. operates an e-commerce platform for buying used cars in the United States. The company has market cap of $3.00 billion. It purchases, reconditions, sells, and delivers vehicles to clients through its Website. It currently has negative earnings.

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