Media headlines about Carvana (NYSE:CVNA) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Carvana earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned headlines about the company an impact score of 45.8075382657638 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
A number of equities analysts have recently commented on CVNA shares. Deutsche Bank downgraded Carvana from a “buy” rating to a “hold” rating and raised their price objective for the stock from $22.00 to $23.50 in a report on Friday, December 8th. Zacks Investment Research downgraded Carvana from a “hold” rating to a “sell” rating in a report on Thursday, February 22nd. Barrington Research reiterated a “hold” rating on shares of Carvana in a report on Friday, March 2nd. BMO Capital Markets lowered Carvana from an “outperform” rating to a “market perform” rating and set a $19.00 price objective for the company. in a research note on Wednesday, March 7th. Finally, Craig Hallum lowered Carvana from a “buy” rating to a “hold” rating and set a $16.00 price objective for the company. in a research note on Wednesday, March 7th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $20.18.
Shares of NYSE CVNA traded down $0.41 during mid-day trading on Friday, reaching $22.91. The company had a trading volume of 209,948 shares, compared to its average volume of 461,680. The company has a quick ratio of 0.86, a current ratio of 1.60 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $3,095.87 and a price-to-earnings ratio of -18.93. Carvana has a 1-year low of $8.14 and a 1-year high of $24.89.
Carvana (NYSE:CVNA) last issued its earnings results on Tuesday, March 6th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.34) by ($0.02). Carvana had a negative return on equity of 74.69% and a negative net margin of 11.17%. The company had revenue of $265.10 million during the quarter, compared to analyst estimates of $269.60 million. analysts anticipate that Carvana will post -1.33 earnings per share for the current year.
In other news, major shareholder Goodnow Investment Group, Llc bought 81,000 shares of the stock in a transaction on Friday, March 9th. The shares were purchased at an average price of $18.23 per share, for a total transaction of $1,476,630.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 21.69% of the company’s stock.
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Carvana Co, together with its subsidiaries, operates an e-commerce platform for buying used cars in the United States. The company purchases, reconditions, sells, and delivers vehicles. Its platform allows customers to research and identify a vehicle; inspect it using company's proprietary 360-degree vehicle imaging technology; obtain financing and warranty coverage; purchase the vehicle; and schedule delivery or pick-up.
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