Carvana Co. (CVNA) concluded trading on Thursday at a closing price of $200.22, with 2.92 million shares of worth about $584.24 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 158.35% during that period and on October 24, 2024 the price saw a gain of about 1.46%. Currently the company’s common shares owned by public are about 114.24M shares, out of which, 111.08M shares are available for trading.
Stock saw a price change of 4.32% in past 5 days and over the past one month there was a price change of 18.02%. Year-to-date (YTD), CVNA shares are showing a performance of 278.20% which increased to 532.01% 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 $200.50 during that period. The average intraday trading volume for Carvana Co. shares is 3.33 million. The stock is currently trading 7.01% above its 20-day simple moving average (SMA20), while that difference is up 19.87% for SMA50 and it goes to 79.03% higher than SMA200.
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Carvana Co. (NYSE: CVNA) currently have 114.24M outstanding shares and institutions hold larger chunk of about 86.70% of that.
The stock has a current market capitalization of $24.79B and its 3Y-monthly beta is at 3.43. PE ratio of stock for trailing 12 months is 63.18, 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 3.34% while standing at 3.44% over the month.
Stock’s fiscal year EPS is expected to drop by -25.04% while it is estimated to increase by 208.44% 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 BofA Securities on September 17, 2024 offering a Buy rating for the stock and assigned a target price of $185 to it. Coverage by Evercore ISI stated Carvana Co. (CVNA) stock as an In-line in their note to investors on September 16, 2024, suggesting a price target of $157 for the stock. On September 12, 2024, Stephens Initiated their recommendations, while on August 01, 2024, Wells Fargo Upgrade their ratings for the stock with a price target of $175. Stock get a Neutral rating from Robert W. Baird on August 01, 2024.
