Handle With Care: Carvana Co. (NYSE: CVNA)

Currently, there are 114.24M common shares owned by the public and among those 100.02M shares have been available to trade.

The company’s stock has a 5-day price change of 15.38% and 107.69% over the past three months. CVNA shares are trading 173.95% year to date (YTD), with the 12-month market performance up to 284.69% higher. It has a 12-month low price of $25.09 and touched a high of $144.29 over the same period. CVNA has an average intraday trading volume of 4.77 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 17.11%, 24.50%, and 109.56% respectively.

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Institutional ownership of Carvana Co. (NYSE: CVNA) shares accounts for 92.38% of the company’s 114.24M shares outstanding.

It has a market capitalization of $16.96B and a beta (3y monthly) value of 3.37. The stock’s trailing 12-month PE ratio is 58.42, while the earnings-per-share (ttm) stands at $2.48. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.54% over the week and 6.54% over the month.

Earnings per share for the fiscal year are expected to decrease by -142.53%, and 69.91% over the next financial year.

Looking at the support for the CVNA, a number of firms have released research notes about the stock. BTIG Research stated their Buy rating for the stock in a research note on July 12, 2024, with the firm’s price target at $155. Needham coverage for the Carvana Co. (CVNA) stock in a research note released on July 10, 2024 offered a Buy rating with a price target of $160. JP Morgan was of a view on May 02, 2024 that the stock is Overweight, while Jefferies gave the stock Hold rating on March 12, 2024, issuing a price target of $30- $85. RBC Capital Mkts on their part issued Sector Perform rating on March 08, 2024.

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