Currently, there are 114.24M common shares owned by the public and among those 108.66M shares have been available to trade.
The company’s stock has a 5-day price change of 5.43% and 25.31% over the past three months. CVNA shares are trading 176.71% year to date (YTD), with the 12-month market performance up to 256.42% higher. It has a 12-month low price of $25.09 and touched a high of $154.00 over the same period. CVNA has an average intraday trading volume of 4.39 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 10.41%, 18.62%, and 85.77% respectively.
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Institutional ownership of Carvana Co. (NYSE: CVNA) shares accounts for 88.12% of the company’s 114.24M shares outstanding.
It has a market capitalization of $18.14B and a beta (3y monthly) value of 3.41. The stock’s trailing 12-month PE ratio is 46.23, while the earnings-per-share (ttm) stands at $3.17. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.29% over the week and 7.33% over the month.
Earnings per share for the fiscal year are expected to decrease by -38.53%, and 157.20% over the next financial year.
Looking at the support for the CVNA, a number of firms have released research notes about the stock. Wells Fargo stated their Overweight rating for the stock in a research note on August 01, 2024, with the firm’s price target at $175. Robert W. Baird coverage for the Carvana Co. (CVNA) stock in a research note released on August 01, 2024 offered a Neutral rating with a price target of $160. BTIG Research was of a view on July 12, 2024 that the stock is Buy, while Needham gave the stock Buy rating on July 10, 2024, issuing a price target of $160. JP Morgan on their part issued Overweight rating on May 02, 2024.
