Carvana Q3 Earnings Preview: Debt Restructure Drives Stock Higher, Speed Bump Ahead?
Portfolio Pulse from Surbhi Jain
Carvana Co (NYSE:CVNA) is set to report Q3 earnings on Nov. 2, with expectations of a negative 80 cents in EPS and $2.78 billion in revenues. The company's stock has seen significant fluctuations, with a boost following a successful debt restructuring agreement that reduced total debt by over $1.2 billion. However, analysts have expressed concerns about the higher interest rates on all of its debt as a result of the restructuring. The stock is currently rated as 'Hold' with a consensus price target of $28.68.
November 02, 2023 | 1:17 pm
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NEUTRAL IMPACT
Carvana's Q3 earnings report could potentially impact AutoNation's stock.
While AutoNation is mentioned as a peer company that could be impacted by Carvana's earnings report, the specific impact is not detailed in the news.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Carvana's Q3 earnings report could potentially impact CarGurus' stock.
While CarGurus is mentioned as a peer company that could be impacted by Carvana's earnings report, the specific impact is not detailed in the news.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Carvana's Q3 earnings report could potentially impact Cars.com's stock.
While Cars.com is mentioned as a peer company that could be impacted by Carvana's earnings report, the specific impact is not detailed in the news.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Carvana's Q3 earnings report is expected to reveal the impact of its debt restructuring on its financials. The stock is currently rated as 'Hold' with a consensus price target of $28.68.
The news directly pertains to Carvana's upcoming Q3 earnings report and the potential impact of its debt restructuring. The stock's rating and price target also indicate a neutral short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Carvana's Q3 earnings report could potentially impact CarMax's stock.
While CarMax is mentioned as a peer company that could be impacted by Carvana's earnings report, the specific impact is not detailed in the news.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Carvana's Q3 earnings report could potentially impact TrueCar's stock.
While TrueCar is mentioned as a peer company that could be impacted by Carvana's earnings report, the specific impact is not detailed in the news.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Carvana's Q3 earnings report could potentially impact Vroom's stock.
While Vroom is mentioned as a peer company that could be impacted by Carvana's earnings report, the specific impact is not detailed in the news.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50