Carvana Co (NYSE:CVNA) traded at $240.47 at close of the session on Tuesday, January 24 and made a downward move of -1.09% on its previous day’s price.
Looking at the stock we see that its previous close was $243.12 and the beta (5Y monthly) reads 3.379 with the day’s price range being $239.2 – $244.4799. The company has a trailing 12-month PE ratio of 28627.38. In terms of its 52-week price range, CVNA has a high of $268.34 and a low of $40.21. The company’s stock has gained about 7.13% over that past 30 days.
Carvana Co has a market cap of $49.93 billion and is expected to release its quarterly earnings report in February.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 3.31B, with a low of 3.03B and a high of 3.58B. The median projection represents growth squeezing down to 36.41% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 13.44B, or 24.82% up from figures reported last year.
On the other hand, looking at the outlook for the CVNA stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 100% Buy.
Based on estimates by 25 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 11 have rated the Carvana Co (CVNA) stock as a Hold, while 12 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 2 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 13.24% off its SMA20 and 3.10% from its 50-day simple moving average. The RSI (14) is pointing at 61.24 while the volatility over the past week is 3.79% and jumps to 5.51% over the past one month. The beta value is 3.37, while the average true range (ATR) is currently pointing at 11.91. The average price target for the stock over the next 12 months is $225, with the estimates having a low of $126 and a high of $330. These price ends are 47.6% and -37.23% off the current price level respectively, although investors could be excited at the prospect of a 6.43% if the CVNA share price touches on the median price of $225.
Coming back to Carvana Co (NYSE:CVNA), we note that the average 3-month trading volume was 3.45 million, while that of the preceding 10-day period stands at 3.18 million. Current shares outstanding are 126.44 million.
The insiders hold 10.00% of the company’s shares while institutions hold 85.75%. The data shows that short shares as of 2024-12-31, stood at 13.4 million at a short ratio of 5.45. This represents a 1227.00 short interest in shares outstanding on 2024-12-31. Shares short fall in December from the previous month at 13.5 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 18.25% up in year-to-date price movement.
