Carvana (NYSE:CVNA) stock is on the move Thursday after the used car retailer’s share got a new price target from JPMorgan analyst Rajat Gupta. This has the JPMorgan analyst increasing his price target for CVNA stock from $70 per share to $130 per share. That represents a potential upside of 49.2% over its closing price yesterday. It’s also bullish next to the analysts’ consensus price prediction of $70 per share. To go along with that, Gupta upgraded the firm’s rating for CVNA from “neutral” to “overweight ...

The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Carvana (CVNA) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Retail-Wholesale peers, we might be able to answer that question. Carvana is one of 213 companies in the Retail-Wholesale group. The Reta ...

Carvana stock is trading at its highest level in nearly two years after earnings Carvana Co (NYSE:CVNA) stock is surging today, up 35% to trade at $117.69, after the online used-car retailer reported first-quarter earnings of 23 cents per share -- much higher than the expected loss of 64 cents -- on revenue of $3.1 billion. Better yet, the firm also issued a better-than-expected guidance for the current quarter. Morgan Stanley and J.P. Morgan Securities both upgraded CVNA to "overweight," and no less than e ...

Carvana (NYSE:CVNA) stock is rocketing higher on Thursday after the used-car retailer posted its earnings report for the first quarter of 2024. Carvana starts its report strong with adjusted earnings per share of 23 cents. That’s a surprise profit compared to Wall Street’s estimate of -74 cents per share. It’s also a major improvement over its Q1 2023 EPS of -74 cents. Revenue coming in at $3.06 billion is another win for CVNA stock. That has it surpassing analysts’ estimate of $2.69 billion for the quarter ...

About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical wri ...

Carvana (NYSE: CVNA) stock price has risen from the ashes, becoming one of the best performing companies in Wall Street. It jumped by more than 30% in the pre- market session, reaching a high of $121.7, its highest level since April 2022. It has soared by over 3,600% from its lowest point in 2022. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins. Spectacular comeback continues Copy link to section Carvana has had a spectacular comeback in the past 14 m ...

Carvana (NYSE: CVNA) turned the tide on its recent challenges. Previously, it grappled with declining sold vehicles and a surplus of used cars, raising concerns about potential bankruptcy in 2022. However, restructuring and strategic adjustments have paid off. In Q1, Carvana avoided losses and turned a profit, surprising investors. This success was reflected in a remarkable 32.54% surge in CVNA stock during the premarket, propelling Carvana shares from $87.09 to $116.15 valuation following the release of it ...

Carvana (NYSE: CVNA) turned the tide on its recent challenges. Previously, it grappled with declining sold vehicles and a surplus of used cars, raising concerns about potential bankruptcy in 2022. However, restructuring and strategic adjustments have paid off. In Q1, Carvana avoided losses and turned a profit, surprising investors. This success was reflected in a remarkable 32.54% surge in CVNA stock during the premarket, propelling Carvana shares from $87.09 to $116.15 valuation following the release of it ...

财务数据和关键指标变化 - 公司在第一季度实现了7.7%的调整后EBITDA利润率,创下公司历史新高,成为美国最赢利的上市汽车零售商 [13] - 公司实现了16%的零售单位同比增长,尽管营销投入减少4% [13] - 公司实现了19.3%的GAAP毛利率,超过了长期财务模型的高端目标 [14] - 公司在营销、运营和管理费用方面实现了大幅杠杆,后者的绝对金额保持不变,尽管销量环比增长21% [15] 各条业务线数据和关键指标变化 - 公司的零售GPU创下新纪录,达到3,211美元,主要得益于非车辆销售成本、客户来源、库存周转时间和附加服务收入等方面的基本改善 [32] - 批发GPU环比增长,主要受益于更有利的折旧率和第一季度的季节性因素 [33] - 其他GPU环比增长,主要由于贷款销售量相对于发放的正常化、证券化信用利差下降以及信用评分和定价优化(包括第四季度的信用收紧) [34] 各个市场数据和关键指标变化 - 公司的库存目前小于理想水平,导致客户选择受限,短期内公司将重点提高产能以增加库存,满足客户需求 [30][31] 公司战略和发展方向及行业竞争 - 公司的检验和翻新中心目前有1.3百万辆的年产能,超过当前销量3倍,未来还可以利用ADESA网点将产能扩大至300万辆 [18][19][20] - 在ADESA网点进行翻新可以降低运输成本,提高零售GPU和降低SG&A,缩短交付时间,提高转化率和降低营销成本 [21][22] - 公司在行业内的竞争地位比历史任何时候都要强,很难复制公司的业务模式和实现规模化的高质量客户体验 [22][23] - 公司目前仅占40万辆二手车交易市场的1%份额,未来仍有巨大的增长空间 [23][24] 管理层对经营环境和未来前景的评论 - 公司在艰难的汽车行业环境下实现了出色的业绩,而大多数同行在单位经济学和销量方面都在倒退 [16] - 公司将继续专注于提升客户体验,这是公司最重要的反馈循环之一,未来有望实现显著增长 [16][17] - 公司看好未来的增长前景,认为自身的竞争优势和市场机会都非常明确 [24] 问答环节重要的提问和回答 问题1 **Rajat Gupta 提问** 询问公司第一季度的强劲增长是否主要由于更好的库存选择和更快的交付速度所致 [45] **Ernie Garcia 回答** 公司认为增长主要源于提供客户喜爱的体验以及业务内部的正反馈循环,而不是单一的库存或交付因素 [46][47][48][49] 问题2 **Chris Bottiglieri 提问** 询问公司是否会考虑牺牲部分毛利率来换取更快的单位增长 [58] **Ernie Garcia 回答** 公司目前的重点是满足客户需求,增加产能,而不是主动调整毛利率,未来会根据市场情况做出适当平衡 [61][62][63][64] 问题3 **Sharon Zackfia 提问** 询问公司在翻新成本和ADESA网点利用方面的进展 [70][71] **Mark Jenkins 回答** 公司在翻新成本方面取得了显著进步,未来还有进一步优化的空间,ADESA网点的利用也是公司未来的重点发展方向 [72][73][74]

Online used car retailer Carvana reported “milestone” first quarter (Q1) results on Wednesday (May 1), fueling a 30% surge in its stock price. This strong performance comes on the heels of a challenging period in 2022, during which Carvana shares plummeting by 97%. “We not only set new all-time company records [this quarter], but we also became the most profitable public automotive retailer in the U.S. for the first time,” Carvana CEO Ernie Garcia told investors and analysts on a call accompanying its resul ...