Movement Alert｜Carvana Co. Falls 3.6% in Regular Trading, Shares Pull Back After Recent Q3 Results and Target Price Increase

Market Focus11-05

On November 5, Carvana Co. fell 3.6% in Regular Trading, trading at $74.68 per share, with turnover of $112 million.

The latest market-moving backdrop is a pullback following the company’s recently released third-quarter results and a target price increase to $85 from $80 with a maintained Buy rating.

Recent disclosures showed third-quarter revenue of $8.04 billion, above the $7.71 billion consensus, up 42.4% year over year, while retail unit sales rose 39.4% to 217,385 vehicles. Diluted EPS was $0.39, below the $0.44 market expectation but above $0.21 a year earlier. The combination of strong revenue growth and prior positive analyst action had supported the stock earlier, while the latest session reflects a retreat after that news had been absorbed.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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