Carvana Co. (CVNA) concluded trading on Thursday at a closing price of $124.10, with 3.44 million shares of worth about $427.5 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 195.27% during that period and on July 25, 2024 the price saw a gain of about 0.55%. Currently the company’s common shares owned by public are about 114.24M shares, out of which, 100.47M shares are available for trading.
Stock saw a price change of -3.93% in past 5 days and over the past one month there was a price change of -3.48%. Year-to-date (YTD), CVNA shares are showing a performance of 134.42% which increased to 181.34% 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 $147.25 during that period. The average intraday trading volume for Carvana Co. shares is 4.77 million. The stock is currently trading -4.64% below its 20-day simple moving average (SMA20), while that difference is up 4.91% for SMA50 and it goes to 71.34% higher than SMA200.
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Carvana Co. (NYSE: CVNA) currently have 114.24M outstanding shares and institutions hold larger chunk of about 93.52% of that.
The stock has a current market capitalization of $14.51B and its 3Y-monthly beta is at 3.38. PE ratio of stock for trailing 12 months is 49.99, 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 5.90% while standing at 6.37% over the month.
Stock’s fiscal year EPS is expected to drop by -160.00% while it is estimated to increase by 90.42% 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 BTIG Research on July 12, 2024 offering a Buy rating for the stock and assigned a target price of $155 to it. Coverage by Needham stated Carvana Co. (CVNA) stock as a Buy in their note to investors on July 10, 2024, suggesting a price target of $160 for the stock. On May 02, 2024, JP Morgan Upgrade their recommendations, while on March 12, 2024, Jefferies Upgrade their ratings for the stock with a price target of $85. Stock get a Sector perform rating from RBC Capital Mkts on March 08, 2024.
