Investors will be closely watching Carvana this week as the Tempe-based online car retailer is slated to release its fourth quarter earnings report on Feb. 21, amid liquidity concerns and a heavy debt load on its balance sheet.
“While share performance suggests investors are moving past the most draconian bear case , FY23 still looks squishy and we remain sidelined,” Wells Fargo analysts wrote.The investor note indicated Wells Fargo analysts believe the market still underwrites a pullback in volumes for Carvana’s stock at $11 per share, but a"worst case" liquidity crisis appears off the table for now.
Based on 11 analysts' forecasts, the consensus for Carvana’s adjusted earnings in the fourth quarter is a loss of $2.25 per share, according to Zacks Investment Research. that limits shareholders from acquiring a controlling stake in the company and protects its ability to roll over net operating losses to offset future tax liability.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Super Bowl merchandise sales in Phoenix up 14% over last year in LA - Phoenix Business JournalSuper Bowl LVII was a success on multiple fronts it appears. Only one Super Bowl Experience in history outsold the 2023 Super Bowl week in Phoenix — Super Bowl 50 in the Bay Area — but that store was open one day longer than the Phoenix one.
Källa: phxbizjournal - 🏆 254. / 63 Läs mer »
Arizona Attorney General to investigate Albertsons-Kroger merger - Phoenix Business JournalArizona’s Attorney General Kris Mayes announced Thursday that her office has launched an anti-trust investigation of the proposed merger between The Kroger Co. and Albertsons Cos.
Källa: phxbizjournal - 🏆 254. / 63 Läs mer »
Engel & Volkers lists award-winning Paradise Valley mansion - Phoenix Business JournalAn award-winning mansion designed by C.P. Drewett and built by BedBrock Developers is listed for $11.95 million. Take a sneak peek into the home in a photo gallery showing the amenities inside and outside the residence.
Källa: phxbizjournal - 🏆 254. / 63 Läs mer »
A memo to Governor Katie Hobbs on supporting Arizona entrepreneurs - Phoenix Business JournalIn this guest column, a University of Arizona professor who also runs a biotech startup offers his thoughts to newly elected Arizona Governor Katie Hobbs on ways she could support and encourage the state's entrepreneurial ecosystem.
Källa: phxbizjournal - 🏆 254. / 63 Läs mer »
Arizona nonprofits ready to work with lawmakers on sound public - Phoenix Business JournalIn this guest column, two Valley executives examine the public policy goals that Arizona's nonprofit and philanthropy sector organizations will be focused on during the 2023 legislative session.
Källa: phxbizjournal - 🏆 254. / 63 Läs mer »
Occupational licensing in the crosshairs amid the tight labor market - Phoenix Business JournalMany states are taking aim at occupational licensing in the tight labor market. Not everybody is happy about it. Here's what businesses need to know.
Källa: phxbizjournal - 🏆 254. / 63 Läs mer »