Carvana Co. (NYSE: CVNA) Loses 0.84% From High. Why That Could Change?

Currently, there are 114.24M common shares owned by the public and among those 95.89M shares have been available to trade.

The company’s stock has a 5-day price change of 2.82% and 128.20% over the past three months. CVNA shares are trading 61.13% year to date (YTD), with the 12-month market performance up to 863.84% higher. It has a 12-month low price of $6.45 and touched a high of $84.59 over the same period. CVNA has an average intraday trading volume of 8.61 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 31.16%, 58.80%, and 111.06% respectively.

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Institutional ownership of Carvana Co. (NYSE: CVNA) shares accounts for 98.08% of the company’s 114.24M shares outstanding.

It has a market capitalization of $9.92B and a beta (3y monthly) value of 3.31. The stock’s trailing 12-month PE ratio is 114.88, 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 6.65% over the week and 8.44% over the month.

Analysts forecast that Carvana Co. (CVNA) will achieve an EPS of -$0.77 for the current quarter, -$0.73 for the next quarter and -$2.42 for 2025. The lowest estimate earnings-per-share for the quarter is -$1.45 while analysts give the company a high EPS estimate of -$0.58. Comparatively, EPS for the current quarter was -$1.51 a year ago. Earnings per share for the fiscal year are expected to decrease by -491.83%, and 28.10% over the next financial year.

Looking at the support for the CVNA, a number of firms have released research notes about the stock. RBC Capital Mkts stated their Sector Perform rating for the stock in a research note on March 08, 2024, with the firm’s price target at $45-$90. JP Morgan on their part issued Neutral rating on December 04, 2023.

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