Carvana Co. (CVNA) concluded trading on Wednesday at a closing price of $80.52, with 3.58 million shares of worth about $288.4 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 107.15% during that period and on April 10, 2024 the price saw a loss of about -3.78%. Currently the company’s common shares owned by public are about 114.24M shares, out of which, 96.28M shares are available for trading.
However, the stock later moved at a day high price of 83.28, or with a loss of -3.78%. Stock saw a price change of -2.28% in past 5 days and over the past one month there was a price change of 3.10%. Year-to-date (YTD), CVNA shares are showing a performance of 52.10% which increased to 764.88% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.70 but also hit the highest price of $94.04 during that period. The average intraday trading volume for Carvana Co. shares is 6.44 million. The stock is currently trading -3.80% below its 20-day simple moving average (SMA20), while that difference is up 15.15% for SMA50 and it goes to 69.11% higher than SMA200.
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Carvana Co. (NYSE: CVNA) currently have 114.24M outstanding shares and institutions hold larger chunk of about 98.05% of that.
The stock has a current market capitalization of $9.36B and its 3Y-monthly beta is at 3.31. PE ratio of stock for trailing 12 months is 108.44, while it has posted earnings per share of $0.74 in the same period. It has Quick Ratio of 1.41 while making debt-to-equity ratio of 27.94. 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 5.24% while standing at 5.72% over the month.
Analysts are in expectations that Carvana Co. (CVNA) stock would likely to be making an EPS of -$0.77 in the current quarter, while forecast for next quarter EPS is -$0.73 and it is -$2.46 for next year. For the current quarter EPS, analysts have given the company a lowest target -$1.45 which is -$0.58 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 -$1.51 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -481.45% while it is estimated to increase by 28.68% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Jefferies on March 12, 2024 offering a Hold rating for the stock and assigned a target price range of between $30 and $85 to it. Coverage by RBC Capital Mkts stated Carvana Co. (CVNA) stock as a Sector perform in their note to investors on March 08, 2024, suggesting a price target of $90 for the stock. Stock get an Underperform rating from Raymond James on February 16, 2024.
