Carvana Co. (NYSE:CVNA) is set to announce third quarter earning results on Thursday 29th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, CVNA to report 3Q20 loss of $ 0.33 per share.
For the full year, analysts anticipate top line of $ 5360.65 million, while looking forward to loss of $ 2.58 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 5,600.00 million ~ $ 5,800.00 million
Click Here For More Historical Outlooks Of Carvana Co.
Previous Quarter Performance
Carvana Co. recorded loss for the second quarter of $ 0.62 per share, from the revenue of $ 1,118.00 million. Street analysts expected Carvana Co. to report loss of $ 0.83 per share on revenue of $ 1140.00 million for the second quarter. The bottom line results beat street analysts by $ 0.21 or 25.30 percent, at the same time, top line results fell short of analysts by $ 22 million or 1.93 percent.
Stock Performance
Shares of Carvana Co. traded low $ -5.58 or -2.68 percent on Wednesday, reaching $ 202.74 with volume of 1.51 million shares. Carvana Co. has traded high as $ 205.49 and has cracked $ 197.75 on the downward trend
According to the previous trading day, closing price of $ 202.74, representing a 840.07 % increase from the 52 week low of $ 22.16 and a 13.97 % decrease over the 52 week high of $ 242.15.
The company has a market capital of $ 34.59 billion and is part of the Consumer Cyclical sector and Specialty Retail industry.
Recent Analyst recommendations
- On 2nd October 2020, upgraded by Morgan Stanley to Equal-Weight from Underweight rating.
- On 29th September 2020, maintained by Piper Sandler at Overweight rating, with $ 265.00 target price.
- On 23rd September 2020, maintained by Needham & Company LLC at Buy rating, with $ 265.00 target price.
- On 23rd September 2020, downgraded by B. Riley to Neutral from Buy rating, with $ 230.00 target price.
Conference Call
Carvana Co. will be hosting a conference call at 5:30 PM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.carvana.com
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 companys proprietary 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.
