Skip to content

Carvana (NYSE:CVNA) Stock Price Down 6.7% Following Analyst Downgrade – MarketBeat

Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
Carvana Co. (NYSE:CVNAGet Rating) was down 6.7% on Wednesday after Truist Financial lowered their price target on the stock from $80.00 to $50.00. Truist Financial currently has a buy rating on the stock. Carvana traded as low as $21.46 and last traded at $21.70. Approximately 19,692 shares were traded during mid-day trading, a decline of 100% from the average daily volume of 8,711,938 shares. The stock had previously closed at $23.26.
Several other equities research analysts also recently weighed in on CVNA. Morgan Stanley cut their price target on Carvana from $105.00 to $75.00 and set an “equal weight” rating on the stock in a report on Thursday, July 14th. Argus initiated coverage on Carvana in a report on Thursday, August 18th. They issued a “hold” rating on the stock. Piper Sandler raised Carvana from a “neutral” rating to an “overweight” rating and dropped their price objective for the stock from $98.00 to $73.00 in a report on Monday, September 12th. Raymond James upgraded shares of Carvana from an “underperform” rating to a “market perform” rating in a research note on Wednesday, July 27th. Finally, Royal Bank of Canada lowered their target price on Carvana from $85.00 to $35.00 and set a “sector perform” rating on the stock in a research note on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from, the company currently has a consensus rating of “Hold” and a consensus target price of $54.75.

Hedge Funds Weigh In On Carvana

Several hedge funds have recently made changes to their positions in CVNA. Captrust Financial Advisors raised its position in shares of Carvana by 270.9% during the second quarter. Captrust Financial Advisors now owns 1,324 shares of the company’s stock worth $30,000 after purchasing an additional 967 shares during the period. HM Payson & Co. purchased a new position in shares of Carvana in the fourth quarter worth approximately $45,000. US Bancorp DE lifted its position in shares of Carvana by 29.6% in the 2nd quarter. US Bancorp DE now owns 2,133 shares of the company’s stock valued at $48,000 after acquiring an additional 487 shares in the last quarter. Steph & Co. boosted its stake in Carvana by 182.2% in the 2nd quarter. Steph & Co. now owns 2,201 shares of the company’s stock worth $50,000 after purchasing an additional 1,421 shares during the period. Finally, Lloyd Advisory Services LLC. grew its position in Carvana by 157.2% during the 1st quarter. Lloyd Advisory Services LLC. now owns 445 shares of the company’s stock worth $53,000 after purchasing an additional 272 shares in the last quarter.

Carvana Stock Performance

The firm’s 50 day simple moving average is $35.07 and its 200-day simple moving average is $48.00. The company has a debt-to-equity ratio of 7.64, a quick ratio of 1.11 and a current ratio of 2.32.
Carvana (NYSE:CVNAGet Rating) last announced its quarterly earnings data on Thursday, August 4th. The company reported ($2.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.81) by ($0.54). The business had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $3.99 billion. Carvana had a negative return on equity of 115.22% and a negative net margin of 4.24%. The firm’s revenue was up 16.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.26 earnings per share. On average, sell-side analysts forecast that Carvana Co. will post -8.29 earnings per share for the current fiscal year.

Carvana Company Profile

(Get Rating)
Carvana Co, together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States. The company's 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.

Further Reading

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. Please send any questions or comments about this story to
Before you consider Carvana, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. 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.
While Carvana currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Complete the form below to receive the latest headlines and analysts’ recommendations for your stocks with our free daily email newsletter:
Kirk McDonald shares three stocks from different industries with different market caps and explains why each is a holding in his portfolio.
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat’s trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what’s happening in the market right now with MarketBeat’s real-time news feed. Export data to Excel for your own analysis.
MarketBeat All Access members have access to premium reports, best-in-class portfolio monitoring tools, and our latest stock picks.
Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.
Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies, and more.
As Featured By:
MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.
Twitter Facebook StockTwits Financial Juice YouTube
MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot
© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.



Pulse Handshak

Pulse Handshak

Collaborative online survey tool for the market research industry. Remote assisted surveying just like face-to-face interviews. Here interviewers can talk to the respondent over the web-console without the need for any other communication channel and share the same Q're with responses and click actions.

Pulse FE

Pulse FE

Pulse Field Expert or Pulse FE is the main platform for both offline and online survey at It is robust and used by hundreds of clients over tens of years with millions of responses. Do it once Q're and deploy on both offline devices (android) and online forms makes it a great cost effective platform for any kind of responses

Pulse Ultimate

Pulse Ultimate

Pulse Ultimate is targeted for tracking studies and retail audits. An offline survey system offering extreme field control including processes like data quality check, back-check, rework, comparison with previous wave data etc. helps to get the best results on a day-to-day basis

More Posts