Currently, there are 106.04M common shares owned by the public and among those 94.17M shares have been available to trade.
Insiders at the company have transacted a total of 106 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 23 of these insider trades were purchases, accounting for 917,206 shares. Insider sales of the common stock occurred on 83 occasions, with total insider shares sold totaling 197,654 shares.
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The company’s stock has a 5-day price change of 26.21% and 81.60% over the past three months. CVNA shares are trading 4.42% year to date (YTD), with the 12-month market performance up to 362.59% higher. It has a 12-month low price of $6.45 and touched a high of $62.59 over the same period. CVNA has an average intraday trading volume of 0.76 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 23.19%, 20.50%, and 56.55% respectively.
Institutional ownership of Carvana Co. (NYSE: CVNA) shares accounts for 89.96% of the company’s 106.04M shares outstanding.
It has a market capitalization of $6.30B and a beta (3y monthly) value of 3.19. The earnings-per-share (ttm) stands at -$5.87. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.05% over the week and 7.55% over the month.
Analysts forecast that Carvana Co. (CVNA) will achieve an EPS of -$0.9 for the current quarter, -$0.98 for the next quarter and -$3.49 for 2024. The lowest estimate earnings-per-share for the quarter is -$2.18 while analysts give the company a high EPS estimate of -$0.32. Comparatively, EPS for the current quarter was $0.39 a year ago. Earnings per share for the fiscal year are expected to increase by 106.60%, and -389.80% over the next financial year.
Looking at the support for the CVNA, a number of firms have released research notes about the stock. JP Morgan stated their Neutral rating for the stock in a research note on December 04, 2023, with the firm’s price target at $25-$40.