Carvana Co. (CVNA) concluded trading on Wednesday at a closing price of $130.97, with 7.45 million shares of worth about $975.47 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 170.99% during that period and on July 10, 2024 the price saw a gain of about 4.19%. Currently the company’s common shares owned by public are about 114.24M shares, out of which, 99.87M shares are available for trading.
Stock saw a price change of 2.70% in past 5 days and over the past one month there was a price change of 22.91%. Year-to-date (YTD), CVNA shares are showing a performance of 147.39% which increased to 282.17% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $25.09 but also hit the highest price of $136.92 during that period. The average intraday trading volume for Carvana Co. shares is 4.71 million. The stock is currently trading 10.63% above its 20-day simple moving average (SMA20), while that difference is up 16.45% for SMA50 and it goes to 94.50% higher than SMA200.
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Carvana Co. (NYSE: CVNA) currently have 114.24M outstanding shares and institutions hold larger chunk of about 88.29% of that.
The stock has a current market capitalization of $15.32B and its 3Y-monthly beta is at 3.36. PE ratio of stock for trailing 12 months is 52.75, while it has posted earnings per share of $2.48 in the same period. It has Quick Ratio of 1.62 while making debt-to-equity ratio of 22.62. 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 5.34% while standing at 6.46% over the month.
Stock’s fiscal year EPS is expected to drop by -180.80% while it is estimated to increase by 83.68% 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 Needham on Jul-11-24 offering a Buy rating for the stock and assigned a target price of $160 to it. Coverage by JP Morgan stated Carvana Co. (CVNA) stock as an Overweight in their note to investors on May 02, 2024, suggesting a price target of $130 for the stock. On March 12, 2024, Jefferies Upgrade their recommendations, while on March 08, 2024, RBC Capital Mkts Upgrade their ratings for the stock with a price target of $90. Stock get an Outperform rating from William Blair on February 23, 2024.
