We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Carvana (CVNA) Rises Higher Than Market: Key Facts
Read MoreHide Full Article
Carvana (CVNA - Free Report) ended the recent trading session at $308.56, demonstrating a +2.52% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.54%. Meanwhile, the Dow experienced a rise of 0.66%, and the technology-dominated Nasdaq saw an increase of 0.77%.
Shares of the company have depreciated by 7.44% over the course of the past month, underperforming the Retail-Wholesale sector's loss of 4.96%, and the S&P 500's loss of 4.71%.
The investment community will be closely monitoring the performance of Carvana in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $1.42, reflecting a 5.96% decrease from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.12 billion, up 44.62% from the year-ago period.
CVNA's full-year Zacks Consensus Estimates are calling for earnings of $6.98 per share and revenue of $26.97 billion. These results would represent year-over-year changes of -17.4% and +32.7%, respectively.
Investors might also notice recent changes to analyst estimates for Carvana. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.66% decrease. Carvana currently has a Zacks Rank of #3 (Hold).
From a valuation perspective, Carvana is currently exchanging hands at a Forward P/E ratio of 43.12. This signifies a premium in comparison to the average Forward P/E of 15.01 for its industry.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 162, which puts it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Carvana (CVNA) Rises Higher Than Market: Key Facts
Carvana (CVNA - Free Report) ended the recent trading session at $308.56, demonstrating a +2.52% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.54%. Meanwhile, the Dow experienced a rise of 0.66%, and the technology-dominated Nasdaq saw an increase of 0.77%.
Shares of the company have depreciated by 7.44% over the course of the past month, underperforming the Retail-Wholesale sector's loss of 4.96%, and the S&P 500's loss of 4.71%.
The investment community will be closely monitoring the performance of Carvana in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $1.42, reflecting a 5.96% decrease from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.12 billion, up 44.62% from the year-ago period.
CVNA's full-year Zacks Consensus Estimates are calling for earnings of $6.98 per share and revenue of $26.97 billion. These results would represent year-over-year changes of -17.4% and +32.7%, respectively.
Investors might also notice recent changes to analyst estimates for Carvana. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.66% decrease. Carvana currently has a Zacks Rank of #3 (Hold).
From a valuation perspective, Carvana is currently exchanging hands at a Forward P/E ratio of 43.12. This signifies a premium in comparison to the average Forward P/E of 15.01 for its industry.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 162, which puts it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.