Uncovering Institutional Buying In Carvana Co. (NYSE: CVNA)

Currently, there are 114.24M common shares owned by the public and among those 94.09M shares have been available to trade.

Insiders at the company have transacted a total of 100 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 17 of these insider trades were purchases, accounting for 475,749 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 20.15% and 122.03% over the past three months. CVNA shares are trading 30.77% year to date (YTD), with the 12-month market performance up to 587.49% 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 8.05 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 42.50%, 42.68%, and 86.39% respectively.

Institutional ownership of Carvana Co. (NYSE: CVNA) shares accounts for 100.01% of the company’s 114.24M shares outstanding.

It has a market capitalization of $7.89B and a beta (3y monthly) value of 3.19. The stock’s trailing 12-month PE ratio is 93.24, while the earnings-per-share (ttm) stands at $0.74. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.85% over the week and 7.69% over the month.

Analysts forecast that Carvana Co. (CVNA) will achieve an EPS of -$0.89 for the current quarter, -$0.96 for the next quarter and -$3.5 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 decrease by -500.39%, and 28.16% over the next financial year.

Raymond James was of a view on February 16, 2024 that the stock is Underperform, while JP Morgan gave the stock Neutral rating on December 04, 2023, issuing a price target of $25- $40. Exane BNP Paribas on their part issued Neutral rating on October 12, 2023.

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