Carvana Co. (CVNA) concluded trading on Thursday at a closing price of $150.08, with 2.11 million shares of worth about $317.07 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 97.66% during that period and on August 29, 2024 the price saw a loss of about -2.74%. Currently the company’s common shares owned by public are about 114.24M shares, out of which, 109.99M shares are available for trading.
Stock saw a price change of -1.92% in past 5 days and over the past one month there was a price change of 12.65%. Year-to-date (YTD), CVNA shares are showing a performance of 183.49% which increased to 216.62% 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 $159.85 during that period. The average intraday trading volume for Carvana Co. shares is 4.31 million. The stock is currently trading 2.24% above its 20-day simple moving average (SMA20), while that difference is up 10.93% for SMA50 and it goes to 73.94% higher than SMA200.
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Carvana Co. (NYSE: CVNA) currently have 114.24M outstanding shares and institutions hold larger chunk of about 87.39% of that.
The stock has a current market capitalization of $18.58B and its 3Y-monthly beta is at 3.43. PE ratio of stock for trailing 12 months is 47.36, while it has posted earnings per share of $3.17 in the same period. It has Quick Ratio of 2.02 while making debt-to-equity ratio of 11.88. 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 4.13% while standing at 5.85% over the month.
Stock’s fiscal year EPS is expected to drop by -36.61% while it is estimated to increase by 181.57% 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 Wells Fargo on August 01, 2024 offering an Overweight rating for the stock and assigned a target price of $175 to it. Coverage by Robert W. Baird stated Carvana Co. (CVNA) stock as a Neutral in their note to investors on August 01, 2024, suggesting a price target of $160 for the stock. On July 12, 2024, BTIG Research Initiated their recommendations, while on July 10, 2024, Needham Upgrade their ratings for the stock with a price target of $160. Stock get an Overweight rating from JP Morgan on May 02, 2024.
