Carvana Earnings Estimate
| CVNA Stock | USD 69.83 5.16 6.88% |
Carvana |
Carvana Earnings Estimation Breakdown
The calculation of Carvana's earning per share is based on the data from the past 12 consecutive months, used for reporting the company's financial figures. The next projected EPS of Carvana is estimated to be -0.77 with the future projection ranging from a low of -1.45 to a high of -0.58. Please be aware that this consensus of annual earnings estimates for Carvana Co is based on EPS before non-recurring items and includes expenses related to employee stock options.Last Reported EPS
-1.45 Lowest | Expected EPS | -0.58 Highest |
Carvana Earnings Projection Consensus
Suppose the current estimates of Carvana's value are higher than the current market price of the Carvana stock. In this case, investors may conclude that Carvana is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Carvana's stock will quickly adjusts to the new information provided by the consensus estimate.
| Number of Analysts | Historical Accuracy | Last Reported EPS | Estimated EPS for 31st of March 2024 | Current EPS (TTM) | |
| 14 | 53.13% | -1.0 | -0.77 | -4.184 |
Carvana Earnings per Share Projection vs Actual
Actual Earning per Share of Carvana refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Carvana Co predict the company's earnings will be in the future. The higher the earnings per share of Carvana, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.Carvana Estimated Months Earnings per Share
For an investor who is primarily interested in generating an income out of investing in entities such as Carvana, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Carvana should always be considered in relation to other companies to make a more educated investment decision.Carvana Quarterly Analyst Estimates and Surprise Metrics
Earnings surprises can significantly impact Carvana's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2024-02-22 | 2023-12-31 | -0.89 | -1.0 | -0.11 | 12 | ||
2023-11-02 | 2023-09-30 | -0.79 | -0.46 | 0.33 | 41 | ||
2023-07-19 | 2023-06-30 | -1.15 | -0.55 | 0.6 | 52 | ||
2023-05-04 | 2023-03-31 | -2 | -1.51 | 0.49 | 24 | ||
2023-02-23 | 2022-12-31 | -2.27 | 0.39 | 2.66 | 117 | ||
2022-11-03 | 2022-09-30 | -1.94 | -2.67 | -0.73 | 37 | ||
2022-08-04 | 2022-06-30 | -1.79 | -2.35 | -0.56 | 31 | ||
2022-04-20 | 2022-03-31 | -1.46 | -2.89 | -1.43 | 97 | ||
2022-02-24 | 2021-12-31 | -0.82 | -1.02 | -0.2 | 24 | ||
2021-11-04 | 2021-09-30 | -0.28 | -0.38 | -0.1 | 35 | ||
2021-08-05 | 2021-06-30 | -0.39 | 0.26 | 0.65 | 166 | ||
2021-05-06 | 2021-03-31 | -0.67 | -0.46 | 0.21 | 31 | ||
2021-02-25 | 2020-12-31 | -0.47 | -0.87 | -0.4 | 85 | ||
2020-10-29 | 2020-09-30 | -0.32 | -0.25 | 0.07 | 21 | ||
2020-08-05 | 2020-06-30 | -0.83 | -0.62 | 0.21 | 25 | ||
2020-05-06 | 2020-03-31 | -0.62 | -1.18 | -0.56 | 90 | ||
2020-02-26 | 2019-12-31 | -0.63 | -0.79 | -0.16 | 25 | ||
2019-11-06 | 2019-09-30 | -0.4 | -0.56 | -0.16 | 40 | ||
2019-08-07 | 2019-06-30 | -0.42 | -0.4 | 0.02 | 4 | ||
2019-05-08 | 2019-03-31 | -0.47 | -0.53 | -0.06 | 12 | ||
2019-02-27 | 2018-12-31 | -0.49 | -0.55 | -0.06 | 12 | ||
2018-11-07 | 2018-09-30 | -0.37 | -0.4 | -0.03 | 8 | ||
2018-08-08 | 2018-06-30 | -0.35 | -0.37 | -0.02 | 5 | ||
2018-05-09 | 2018-03-31 | -0.4 | -0.4 | 0.0 | 0 | ||
2018-03-06 | 2017-12-31 | -0.34 | -0.36 | -0.02 | 5 | ||
2017-11-07 | 2017-09-30 | -0.3 | -0.29 | 0.01 | 3 | ||
2017-08-08 | 2017-06-30 | -0.3 | -0.28 | 0.02 | 6 | ||
2017-06-07 | 2017-03-31 | -0.29 | -0.28 | 0.01 | 3 | ||
2017-03-01 | 2016-12-31 | 0 | -0.26 | -0.26 | 0 |
About Carvana Earnings Estimate
The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of Carvana earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current Carvana estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as Carvana fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.| Last Reported | Projected for Next Year | ||
| Retained Earnings | -1.6 B | -1.5 B | |
| Retained Earnings Total Equity | -1.9 B | -1.8 B | |
| Earnings Yield | 0.08 | 0.08 | |
| Price Earnings Ratio | 12.86 | 13.50 | |
| Price Earnings To Growth Ratio | (0.11) | (0.11) |
Pair Trading with Carvana
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Carvana position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Carvana will appreciate offsetting losses from the drop in the long position's value.Moving together with Carvana Stock
| 0.65 | M | Macys Inc Financial Report 6th of June 2024 | PairCorr |
| 0.87 | W | Wayfair Financial Report 2nd of May 2024 | PairCorr |
| 0.85 | DIBS | 1StdibsCom Financial Report 8th of May 2024 | PairCorr |
| 0.83 | AN | AutoNation Financial Report 18th of April 2024 | PairCorr |
| 0.72 | HD | Home Depot Financial Report 21st of May 2024 | PairCorr |
Moving against Carvana Stock
| 0.82 | DTC | Solo Brands Financial Report 2nd of May 2024 | PairCorr |
| 0.75 | QRTEB | Qurate Retail Series | PairCorr |
| 0.73 | BIG | Big Lots Financial Report 24th of May 2024 | PairCorr |
| 0.65 | WOOF | Pet Acquisition LLC Financial Report 22nd of May 2024 | PairCorr |
| 0.64 | GLBE | Global E Online Financial Report 27th of May 2024 | PairCorr |
The ability to find closely correlated positions to Carvana could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Carvana when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Carvana - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Carvana Co to buy it.
The correlation of Carvana is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Carvana moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Carvana moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Carvana can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Carvana Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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When running Carvana's price analysis, check to measure Carvana's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Carvana is operating at the current time. Most of Carvana's value examination focuses on studying past and present price action to predict the probability of Carvana's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carvana's price. Additionally, you may evaluate how the addition of Carvana to your portfolios can decrease your overall portfolio volatility.
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Is Carvana's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Carvana. If investors know Carvana will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Carvana listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (4.18) | Revenue Per Share 98.525 | Quarterly Revenue Growth (0.15) | Return On Assets (0.01) | Return On Equity (12.69) |
The market value of Carvana is measured differently than its book value, which is the value of Carvana that is recorded on the company's balance sheet. Investors also form their own opinion of Carvana's value that differs from its market value or its book value, called intrinsic value, which is Carvana's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Carvana's market value can be influenced by many factors that don't directly affect Carvana's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Carvana's value and its price as these two are different measures arrived at by different means. Investors typically determine if Carvana is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Carvana's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.