Carvana Co. (CVNA): The Latest Casualty Of Increased Volatility?

Carvana Co. (NYSE:CVNA) does about 4.52M shares in volume on a normal day but saw 4098583 shares change hands in Monday trading. The company now has a market cap of 12.64B USD. Its current market price is $108.05, marking an increase of 1.40% compared to the previous close of $106.56. The 52 week high reached by this stock is $129.00 whilst the lowest price level in 52 weeks is $17.63.

Carvana Co. (CVNA) has a 20-day trading average at $109.80 and the current price is -16.24% off the 52-week high compared with 512.88% distance from its 52-week low. The 50-day simple moving average of the closing price is $96.73 and its 200-day simple moving average is $60.64. If we look at the stock’s price movements over the week, volatility stands at 5.51%, which decreases to 5.24% 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 55.48 to suggest the stock is neutral.

The consensus objective for the share price is $108.63, suggesting that the stock has a potential upside of 0.53% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 02, 2024 when JP Morgan upgraded the stock to “Overweight” and issued a price target of between $70 and $130. Jefferies also upgraded the stock to “Hold” from Underperform on March 12, 2024 at a price target of $30-$85. RBC Capital Mkts upgraded its price target at $45-$90.

Carvana Co. (CVNA) stock is up 9.19% over the week and -10.26% over the past month. Its price is 104.10% year-to-date and 345.93% over the past year.

To reach the target analysts have set, the stock logically needs to grow 0.53 percent from here.

The company has a return on investment of 10.20% and return on equity of -78.96%. The price to earnings ratio (P/E ratio) amounts to 43.52. The beta has a value of 3.35. Price to book ratio is 43.58 and price to sales ratio is 1.13.