Carvana Co (NYSE:CVNA) traded at $289.30 at last check on current trade day and made an upward move of 1.67% on its previous day’s price.
Carvana Co has a market cap of $60.07 billion and is expected to release its quarterly earnings report in March.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 3.34B, with a low of 3.09B and a high of 3.55B. The median projection represents growth squeezing down to 37.94% 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 13.46B, or 25.01% 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 100% 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 that the PEG ratio for the CVNA stock currently stands at 392.97, and the most recent price level today is 11.86% off its SMA20 and 22.08% from its 50-day simple moving average. The RSI (14) is pointing at 78.48 while the volatility over the past week is 3.56% and jumps to 3.80% over the past one month. The beta value is 3.57, while the average true range (ATR) is currently pointing at 10.32. The average price target for the stock over the next 12 months is $240, with the estimates having a low of $126 and a high of $330. These price ends are 56.45% and -14.07% off the today’s price level respectively, although investors could be excited at the prospect of a 17.04% if the CVNA share price touches on the median price of $240.
