Carvana Co. (NYSE:CVNA) does about 6.15M shares in volume on a normal day but saw 4841709 shares change hands in Monday trading. The company now has a market cap of 9.74B USD. Its current market price is $83.76, marking a decrease of -0.65% compared to the previous close of $84.31. The 52 week high reached by this stock is $94.04 whilst the lowest price level in 52 weeks is $6.70.
Carvana Co. (CVNA) has a 20-day trading average at $77.70 and the current price is -10.93% off the 52-week high compared with 1150.15% distance from its 52-week low. The 50-day simple moving average of the closing price is $77.39 and its 200-day simple moving average is $50.90. If we look at the stock’s price movements over the week, volatility stands at 7.25%, which decreases to 5.98% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 60.54 to suggest the stock is neutral.
The consensus objective for the share price is $64.74, suggesting that the stock has a potential downside of -29.38% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 12, 2024 when Jefferies upgraded the stock to “Hold” and issued a price target of between $30 and $85. RBC Capital Mkts also upgraded the stock to “Sector Perform” from Underperform on March 08, 2024 at a price target of $45-$90.
Carvana Co. (CVNA) stock is up 17.25% over the week and -4.72% over the past month. Its price is 58.22% year-to-date and 1041.14% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/31/2023, with the company’s earnings per share (EPS) of -1.51 above consensus estimates by 0.49. The company’s next earnings report forecasts estimating quarterly EPS at -0.74 and -3.04 for whole year. Expected sales for next quarter are $2.89B, which analysts say will come at $11.29B for the current fiscal year and next year at $12.95B. In addition, estimates put the company’s current quarterly revenue at an average of $2.67B.
To reach the target analysts have set, the stock logically needs to shrink -29.38 percent from here.
The company has a return on investment of 7.39% and return on equity of -78.96%. The price to earnings ratio (P/E ratio) amounts to 112.81. The beta has a value of 3.29. Price to book ratio is 39.38 and price to sales ratio is 0.90.
