The trading price of Carvana Co. (NYSE:CVNA) closed higher on Monday, July 15, closing at $142.09, 4.29% higher than its previous close.
The company’s P/E ratio in the trailing 12-month period was 57.23. In examining the 52-week price action we see that the stock hit a 52-week high of $140.91 and a 52-week low of $25.09. Over the past month, the stock has gained 27.93% in value.
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Carvana Co., whose market valuation is $16.62 billion at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest CVNA has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
A quick review shows that CVNA’s price is currently 16.39% off the SMA20 and 23.14% off the SMA50. The RSI metric on the 14-day chart is currently showing 70.41, and weekly volatility stands at 6.46%. When measured over the past 30 days, the indicator reaches 6.58%. Carvana Co. (NYSE:CVNA)’s beta value is currently sitting at 3.36, while the Average True Range indicator is currently displaying 7.80.
To see how Carvana Co. stock has been performing in comparison to its peers in the industry, here are the numbers: CVNA stock’s performance was 4.29% in the latest trading, and 277.10% in the past year. Carvana Co. has a P/E ratio of 57.23.
An evaluation of the daily trading volume of Carvana Co. (NYSE:CVNA) indicates that the 3-month average is 4.79 million.
Currently, records show that 114.24 million of the company’s shares remain outstanding. The insiders hold 14.47% of outstanding shares, whereas institutions hold 88.28%. However, since the stock’s price has seen 168.40% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.