<div id="readability-page-1"><ul><li>It’s Time to Rotate Into These Russell 2000 Stocks </li></ul><p>Carvana Co. (NYSE:CVNA - Free Report) - Equities research analysts at William Blair raised their Q3 2024 earnings per share estimates for Carvana in a research report issued on Thursday, August 1st. William Blair analyst S. Zackfia now anticipates that the company will earn $0.19 per share for the quarter, up from their prior forecast of ($0.07). William Blair currently has a &#34;Outperform&#34; rating on the stock. The consensus estimate for Carvana's current full-year earnings is ($0.71) per share. William Blair also issued estimates for Carvana's Q4 2024 earnings at $0.07 EPS, FY2024 earnings at $0.22 EPS and FY2025 earnings at $1.94 EPS.</p><p>Several other equities research analysts have also recently issued reports on CVNA. JPMorgan Chase &amp; Co. raised their target price on shares of Carvana from $150.00 to $155.00 and gave the stock an &#34;overweight&#34; rating in a report on Friday, July 19th. Morgan Stanley raised their price target on Carvana from $75.00 to $110.00 and gave the stock an &#34;underweight&#34; rating in a research note on Thursday. TD Cowen upped their price objective on Carvana from $110.00 to $148.00 and gave the company a &#34;hold&#34; rating in a research report on Thursday. JMP Securities raised their target price on Carvana from $150.00 to $200.00 and gave the stock a &#34;market outperform&#34; rating in a research report on Friday. Finally, Evercore ISI upped their price target on shares of Carvana from $135.00 to $140.00 and gave the company an &#34;in-line&#34; rating in a research report on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, Carvana currently has a consensus rating of &#34;Hold&#34; and a consensus price target of $143.60.</p><br/><ul><li>Can This Meme Stock Stage One Last Rally?</li></ul><p><b>Check Out Our Latest Analysis on CVNA</b></p><h2>Carvana Stock Performance</h2><p>Shares of NYSE CVNA opened at $137.20 on Monday. The firm's 50-day moving average price is $120.56 and its 200-day moving average price is $92.87. Carvana has a 52-week low of $25.09 and a 52-week high of $154.00. The company has a market cap of $27.79 billion, a PE ratio of 60.18 and a beta of 3.37. The company has a quick ratio of 1.62, a current ratio of 3.11 and a debt-to-equity ratio of 47.20. </p><ul><li>This Stock's Price Shifts Into High Gear With Analyst Upgrades</li></ul><h2>Institutional Inflows and Outflows</h2><p>A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Carvana by 2.7% during the first quarter. Vanguard Group Inc. now owns 10,290,551 shares of the company's stock valued at $904,642,000 after purchasing an additional 266,972 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Carvana by 39.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,459,065 shares of the company's stock valued at $655,727,000 after acquiring an additional 2,112,463 shares during the last quarter. First Trust Advisors LP grew its position in Carvana by 17.1% in the fourth quarter. First Trust Advisors LP now owns 1,483,944 shares of the company's stock worth $78,560,000 after acquiring an additional 216,893 shares in the last quarter. Goodnow Investment Group LLC increased its stake in Carvana by 1.6% during the fourth quarter. Goodnow Investment Group LLC now owns 1,464,528 shares of the company's stock worth $77,532,000 after acquiring an additional 23,140 shares during the last quarter. Finally, Steadview Capital Management LLC raised its position in Carvana by 15.6% during the fourth quarter. Steadview Capital Management LLC now owns 876,905 shares of the company's stock valued at $46,423,000 after purchasing an additional 118,500 shares during the period. 56.71% of the stock is currently owned by institutional investors. </p><h2>Insider Transactions at Carvana</h2><p>In other Carvana news, major shareholder Ernest C. Garcia II sold 60,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $114.04, for a total transaction of $6,842,400.00. Following the completion of the sale, the insider now directly owns 2,797,500 shares of the company's stock, valued at approximately $319,026,900. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Carvana news, major shareholder Ernest C. Garcia II sold 60,000 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $114.04, for a total transaction of $6,842,400.00. Following the completion of the transaction, the insider now owns 2,797,500 shares of the company's stock, valued at approximately $319,026,900. The transaction was disclosed in a legal filing with the Securities &amp; Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Ernest C. Garcia II sold 75,000 shares of Carvana stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $126.97, for a total value of $9,522,750.00. Following the completion of the sale, the insider now directly owns 787,500 shares in the company, valued at $99,988,875. The disclosure for this sale can be found here. Insiders sold a total of 2,435,166 shares of company stock valued at $294,375,485 over the last 90 days. Company insiders own 17.12% of the company's stock. </p><h2>Carvana Company Profile</h2> (Get Free Report)<p>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 company's 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.</p><h2>See Also</h2><ul><li>Five stocks we like better than Carvana</li><li>When to Sell a Stock for Profit or Loss</li><li>Market Crash? No Problem for DoorDash Stock's Impressive Earnings</li><li>Low PE Growth Stocks: Unlocking Investment Opportunities</li><li>Snap's Stock Plummets on Q2 Revenue Guidance Shortfall</li><li>How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?</li><li>Hims &amp; Hers Stock Falls on DexCom Fears: Analysts Predict Rally</li></ul> <p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsEstimatesChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUNWTkE?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="325" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsEstimatesChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUNWTkE"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. 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MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Carvana wasn't on the list.</p><p>While Carvana currently has a &#34;Hold&#34; rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p> </div>

CVNA

<p>Carvana Co. is expected to earn $0.19 per share in Q3 2024, according to equities research analysts at William Blair. They raised their earnings estimate from a prior forecast of ($0.07) per share. The consensus estimate for Carvana's full-year earnings is ($0.71) per share. Several other analysts have issued ratings and price targets for the stock. Carvana's stock price opened at $137.20 on Monday, with a 52-week low of $25.09 and a 52-week high of $154.00. The company has a market cap of $27.79 billion and a PE ratio of 60.18. Institutional investors hold 56.71% of the stock. Major shareholder Ernest C. Garcia II recently sold 60,000 shares of Carvana stock.</p>

Carvana Co. Expected to Earn Q3 2024 Earnings of $0.19 Per Share (NYSE:CVNA)