Carvana: A One-Year Wonder Fueled By Unsustainable Factors [Seeking Alpha]
Carvana Co. Class A (CVNA)
Last carvana co. class a earnings: 2/26 04:05 pm
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investors.carvana.com
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Source: Seeking Alpha
Carvana's free cash flow in 2023 was mainly due to inventory shrinkage and returning to growth will negatively impact its ability to generate free cash flow in the future. Carvana posted a positive operating cash flow in 2023 due to inventory drawdown and selling more loans than originated which is unsustainable in my opinion. My price target for Carvana is $17.06 per share, 78% lower than its current valuation. Over the past year, Carvana Co. ( NYSE: CVNA ) has outperformed the market with the stock up 1050% over that period against a 31.8% increase in the S&P 500. The bullish sentiment surrounding Carvana is due to the company restructuring the majority of its debt which gives it more time to deal with it. That said, Carvana is extremely overvalued at its current valuation, in my opinion, due to the rising delinquency rates among auto loan borrowers. In addition, the improvement in Carvana's financial performance last year is overstated in my opinion since it sacrificed gro
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CVNA
News
- Carvana Co. (NYSE: CVNA) had its "neutral" rating re-affirmed by analysts at Wedbush. They now have a $80.00 price target on the stock, up previously from $60.00.MarketBeat
- Carvana Honored Among NAFA’s 2024 Best Commercial Fleets at Annual Institute & ExpoBusiness Wire
- Carvana: Epic Rally Underscores Why The Market Is Right (Rating Upgrade) [Seeking Alpha]Seeking Alpha
- Carvana Co. (NYSE: CVNA) had its price target raised by analysts at Robert W. Baird from $60.00 to $65.00. They now have a "neutral" rating on the stock.MarketBeat
- Carvana Co. (NYSE: CVNA) had its price target raised by analysts at JPMorgan Chase & Co. from $65.00 to $70.00. They now have a "neutral" rating on the stock.MarketBeat
CVNA
Earnings
- 2/22/24 - Miss
CVNA
Sec Filings
- 4/15/24 - Form 4
- 4/11/24 - Form 144
- 4/3/24 - Form 4
- CVNA's page on the SEC website