The trading price of Carvana Co (NYSE:CVNA) floating lower at last check on current market day and closing at $229.96, -1.35% lower than its previous close.
The company’s P/E ratio in the trailing 12-month period was 145.33. In examining the 52-week price action we see that the stock hit a 52-week high of $292.84 and a 52-week low of $67.61. Over the past month, the stock has lost -5.73% in value.
Carvana Co, whose market valuation is $49.02 billion at the time of this writing, is expected to release its quarterly earnings report in April. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.69 per share this quarter, however they have predicted annual earnings per share of 3.45 for current year and 5.01 for next year.
Analysts have forecast the company to bring in revenue of 3.9B for the current quarter, with the likely lows of 3.64B and highs of 4.11B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 16.34B.
On the technical side, indicators suggest CVNA has a 50% 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 50% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned CVNA a recommendation rating is 25. Out of them, 11 rate it a Hold, while 12 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Carvana Co (CVNA) as Underweight, while 2 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 2.91, which symbolizes a positive outlook. A quick review shows that CVNA’s price is currently -8.94% off the SMA20 and -1.54% off the SMA50. The RSI metric on the 14-day chart is currently showing 43.88, and weekly volatility stands at 6.31%. When measured over the past 30 days, the indicator reaches 5.16%. Carvana Co (NYSE:CVNA)’s beta value is currently sitting at 3.57, while the Average True Range indicator is currently displaying 13.88. With analysts defining $126-$330 as the low and high price targets, we arrive at a consensus price target of $240 for the trailing 12-month period. The current price is about 45.21% off the estimated low and -43.5% off the forecast high, based on this estimate. Investors will be thrilled if CVNA’s share price rises to $240, which is the median consensus price. At that level, CVNA’s share price would be -4.37% below current price.
To see how Carvana Co stock has been performing today in comparison to its peers in the industry, here are the numbers: CVNA stock’s performance was -1.35% at last check in today’s session, and 204.70% in the past year. Carvana Co has a P/E ratio of 145.33, compared to CarMax Inc.’s 28.41 and OPENLANE Inc.’s 48.88.
An evaluation of the daily trading volume of Carvana Co (NYSE:CVNA) indicates that the 3-month average is 3.49 million.
Currently, records show that 133.27 million of the company’s shares remain outstanding. The insiders hold 9.92% of outstanding shares, whereas institutions hold 86.98%. However, since the stock’s price has seen 13.08% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
