Carvana Co. (NYSE:CVNA) price on Friday, October 25, rose 1.15% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $202.53.
A look at the stock’s price movement, the close in the last trading session was $200.22, moving within a range at $197.57 and $203.7. The beta value (5-Year monthly) was 3.444 while the PE ratio in trailing twelve months stood at 63.91. Turning to its 52-week performance, $203.24 and $25.09 were the 52-week high and 52-week low respectively. Overall, CVNA moved 18.29% over the past month.
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Carvana Co.’s market cap currently stands at around $25.08 billion, with investors looking forward to this quarter’s earnings report slated for on 2024-Oct-30.
Analysts have a consensus estimate of 3.45B for the company’s revenue for the quarter, with a low and high estimate of 3.17B and 3.62B respectively. The average forecast suggests up to a 24.00% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 13.13B, representing a 21.90% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CVNA is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
25 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 11 analyst(s) rate the stock as a Hold, 12 recommend CVNA as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 2 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
CVNA’s current price about 7.30% and 20.52% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 77.95, while 7-day volatility ratio is 3.38% and 3.43% in the 30-day chart. Further, Carvana Co. (CVNA) has a beta value of 3.43, and an average true range (ATR) of 6.64. Analysts have given the company’s stock an average 52-week price target of $155, forecast between a low of $40 and high of $470. Looking at the price targets, the low is 80.25% off current price level while to achieve the yearly target high, price needs to move -132.06%. Nonetheless, investors will most likely welcome a 23.47% jump to $155 which is the analysts’ median price.
If we refocus on Carvana Co. (NYSE:CVNA), historical trading data shows that trading volumes averaged 2.3 over the past 10 days and 3.34 million over the past 3 months. The company’s latest data on shares outstanding shows there are 114.24 million shares.
The 10.29% of Carvana Co.’s shares are in the hands of company insiders while institutional holders own 86.71% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 14.55 million on 2024-09-30, giving us a short ratio of 4.38. The data shows that as of 2024-09-30 short interest in Carvana Co. (CVNA) stood at 1391.9999999999998 of shares outstanding, with shares short rising to 13.86 million registered in 2024-08-30. Current price change has pushed the stock 282.57% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CVNA stock continues to rise going into the next quarter.
