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    CVNA   US1468691027

CARVANA CO.

(CVNA)
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Delayed Nyse  -  04:00 2022-08-16 pm EDT
54.59 USD   +7.04%
04:45pMoore kuehn encourages investors of carvana co. to contact law firm
PR
01:36pCarvana, CarMax Auto Finance Report 'Modest Deterioration' In July Metrics, Wedbush Says
MT
09:44aOppenheimer Adjusts Carvana Price Target to $100 From $220, Maintains Outperform Rating
MT
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Carvana Drops 18% After Stifel Cuts Price Target

06/28/2022 | 02:10pm EDT

By Kathryn Hardison


Carvana Co. shares dropped 18% to $25 on Tuesday following a price target cut from Stifel.

Stifel lowered its price target to $34 per share from $48 per share while maintaining a hold rating, analysts said.

Last week, Barron's reported that the online used-car dealer is struggling to match its pandemic-era sales pace because it is delayed in registering cars for its customers. Carvana said the delays involved internal paperwork problems, and slow work by third-party registration services and state motor vehicle agencies.

Shares were 89% lower for the year.


Write to Kathryn Hardison at kathryn.hardison@wsj.com


(END) Dow Jones Newswires

06-28-22 1610ET

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Analyst Recommendations on CARVANA CO.
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Financials (USD)
Sales 2022 15 440 M - -
Net income 2022 -1 476 M - -
Net Debt 2022 7 449 M - -
P/E ratio 2022 -6,43x
Yield 2022 -
Capitalization 5 776 M 5 776 M -
EV / Sales 2022 0,86x
EV / Sales 2023 0,74x
Nbr of Employees 21 000
Free-Float 50,7%
Chart CARVANA CO.
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Technical analysis trends CARVANA CO.
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Last Close Price 54,59 $
Average target price 57,73 $
Spread / Average Target 5,75%
EPS Revisions
Managers and Directors
Ernie Garcia Chairman, President & Chief Executive Officer
Mark Jenkins Chief Financial Officer
Benjamin Huston Chief Operating Officer
Michael E. Maroone Lead Independent Director
Ira J. Platt Independent Director
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