Carvana Co. (CVNA) concluded trading on Wednesday at a closing price of $49.40, with 5.6 million shares of worth about $276.74 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 22.46% during that period and on Wednesday the price saw a loss of about -4.65%. Currently the company’s common shares owned by public are about 106.04M shares, out of which, 94.09M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 106 times over the past 12 months. They bought 917,206 shares in 23 of the transactions. In 83 selling transactions, insiders dumped 197,654 shares.
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However, the stock later moved at a day high price of 52.04, or with a loss of -4.65%. Stock saw a price change of -4.95% in past 5 days and over the past one month there was a price change of 2.17%. Year-to-date (YTD), CVNA shares are showing a performance of -6.69% which increased to 334.48% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.45 but also hit the highest price of $62.59 during that period. The average intraday trading volume for Carvana Co. shares is 7.93 million. The stock is currently trading 3.20% above its 20-day simple moving average (SMA20), while that difference is up 2.82% for SMA50 and it goes to 34.55% higher than SMA200.
Carvana Co. (NYSE: CVNA) currently have 106.04M outstanding shares and institutions hold larger chunk of about 100.01% of that.
The stock has a current market capitalization of $5.63B and its 3Y-monthly beta is at 3.19. It has posted earnings per share of -$5.87 in the same period. It has Quick Ratio of 1.51 while making debt-to-equity ratio of 19.08. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CVNA, volatility over the week remained 6.71% while standing at 7.61% over the month.
Analysts are in expectations that Carvana Co. (CVNA) stock would likely to be making an EPS of -$0.88 in the current quarter, while forecast for next quarter EPS is -$0.95 and it is -$3.45 for next year. For the current quarter EPS, analysts have given the company a lowest target -$2.18 which is -$0.32 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.39 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 106.62% while it is estimated to decrease by -391.39% in next year.
Coverage by JP Morgan stated Carvana Co. (CVNA) stock as a Neutral in their note to investors on December 04, 2023, suggesting a price target of $40 for the stock. On October 12, 2023, Exane BNP Paribas Downgrade their recommendations, while on September 18, 2023, Wedbush Upgrade their ratings for the stock with a price target of $48. Stock get an Underperform rating from Jefferies on July 31, 2023.
