Is Carvana Co. (CVNA) The Best Automotive Stock To Buy Now? [Yahoo! Finance]
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: Yahoo! Finance
Headwinds in the Automotive Industry The automotive industry is heavily commoditized relative to other industries considering the fact that consumers typically have numerous options in terms of the car they want to purchase, resulting in the need for automotive companies to compete with each other predominantly on pricing. As a result, many automotive companies, especially those offering pricier vehicles, have been seeing a decline in revenue growth and profit margins over the past couple of years. This decline is primarily a consequence of rising inflation which has significantly cut down your average consumer's spending power. According to Daryl Kenningham in his interview on CNBC's “Squawk Box,” the President and CEO of Group 1 Automotive, the wider macroeconomic trends surrounding the automotive industry and the support of Original Equipment Manufacturers (OEMs) in the market have resulted in prices for vehicles, both used and new, beginning to fall in 2024 – though this pric
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CVNA
News
- This Former Pandemic Stock is Quietly Crushing the Market [Yahoo! Finance]Yahoo! Finance
- Carvana Co. (NYSE: CVNA) was upgraded by analysts at Morgan Stanley from an "underweight" rating to an "equal weight" rating. They now have a $260.00 price target on the stock, up previously from $110.00.MarketBeat
- How to Find Strong Buy Retail and Wholesale Stocks Using the Zacks Rank [Yahoo! Finance]Yahoo! Finance
- Carvana Co. (NYSE: CVNA) had its price target raised by analysts at JMP Securities from $200.00 to $320.00. They now have a "market outperform" rating on the stock.MarketBeat
- Carvana Co. (NYSE: CVNA) had its price target raised by analysts at Piper Sandler from $151.00 to $225.00. They now have a "neutral" rating on the stock.MarketBeat
CVNA
Earnings
- 10/30/24 - Beat
CVNA
Sec Filings
- 11/8/24 - Form 144
- 11/6/24 - Form 4
- 11/6/24 - Form 4
- CVNA's page on the SEC website