With 126.44M Outstanding Shares, Can Carvana Co (NYSE: CVNA) Deliver Big Short-Term Gains?

Carvana Co (NYSE:CVNA) currently has a daily average trading volume of 3.04M but it saw 1692930 shares traded in last market. With a market cap of 54.01B USD, the company’s current market price of $260.13 came rising about 1.71 while comparing to the previous closing price of $255.76. In past 52 weeks, the stock remained buoying in the range of price level as high as $268.34 and as low as $36.53. In the recent trading on the day, stock has struck highest price mark of $252.41 while lowest mark touched by it was $260.2.

Taking a look at 20-day trading activity of Carvana Co (CVNA) gives us an average price of $249.62, while its current price level is -3.06% below from 52-week high level whereas it is 612.10% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $216.74 while that of 200 days or SMA-200 reads an average of $139.04. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.08% during that period while stretching the period over a month that increases to 3.42%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 67.18 which implies that the stock is in neutral territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Morgan Stanley which upgraded the stock as “Equal-Weight” in its note to investors issued on November 05, 2024, recommending a price target of between $110 and $260 for it. Evercore ISI issued its recommendations for the stock as it reiterated the price target for the stock in the range of between $142 and $157.

Over the week, CVNA’s stock price is moving 1.61% up while it is 15.06% when we observe its performance for the past one month. Year-to-date it is 391.37% up and over the past year, the stock is showing an upside performance of 549.19%.

Currently, Carvana Co’s total number of outstanding shares is 126.44M. Company’s return on investment (ROI) stands at 0.26% and return on equity (ROE) at 3.58%. It has a price to earnings ratio (P/E ratio) of 30967.86 while having a 101.39 of forward P/E ratio. Stock’s beta reads 3.35. Stock has a price to book (P/B) ratio of 53.83 while price to sale or P/S ratio amounts to 4.30. Its return on asset (ROA) is 0.24% on average.