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Carvana Co. (NYSE: CVNA) Is Worth A Look At Current Prices?

During the last session, Carvana Co. (NYSE:CVNA)’s traded shares were 10.01 million, with the beta value of the company hitting 2.65. At the end of the trading day, the stock’s price was $34.90, reflecting an intraday gain of 2.50% or $0.85. The 52-week high for the CVNA share is $376.83, that puts it down -979.74 from that peak though still a striking 44.27% gain since the share price plummeted to a 52-week low of $19.45. The company’s market capitalization is $5.95B, and the average intraday trading volume over the past 10 days was 10.11 million shares, and the average trade volume was 12.61 million shares over the past three months.

Carvana Co. (NYSE:CVNA) trade information

Carvana Co. (CVNA) registered a 2.50% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.50% in intraday trading to $34.90 this Wednesday, 08/03/22, hitting a weekly high. The stock’s 5-day price performance is 32.40%, and it has moved by 26.54% in 30 days. Based on these gigs, the overall price performance for the year is -89.50%. The short interest in Carvana Co. (NYSE:CVNA) is 29.03 million shares and it means that shorts have 2.36 day(s) to cover.

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Carvana Co. (CVNA) estimates and forecasts

Statistics show that Carvana Co. has underperformed its competitors in share price, compared to the industry in which it operates. Carvana Co. (CVNA) shares have gone down -78.82% during the last six months, with a year-to-date growth rate less than the industry average at -341.10% against -8.40. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to shrink -792.30% this quarter and then drop -268.40% in the quarter after that. In the rating firms’ projections, revenue will increase 25.30% compared to the previous financial year.

Revenue for the current quarter is expected to be $3.98 billion as predicted by 20 analyst(s). Meanwhile, a consensus of 20 analyst(s) estimates revenue growth to $4.2 billion by the end of Sep 2022.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -19.20%. While earnings are projected to return 38.10% in 2022.

CVNA Dividends

Carvana Co. is due to release its next quarterly earnings between February 23 and February 28. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Carvana Co. (NYSE:CVNA)’s Major holders

Carvana Co. insiders own 9.51% of total outstanding shares while institutional holders control 102.40%, with the float percentage being 113.16%. Price (T.Rowe) Associates Inc is the largest shareholder of the company, while 551 institutions own stock in it. As of Mar 30, 2022, the company held over 13.43 million shares (or 14.91% of all shares), a total value of $1.6 billion in shares.

The next largest institutional holding, with 10.44 million shares, is of FMR, LLC’s that is approximately 11.59% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $1.25 billion.

Also, the Mutual Funds coming in first place with the largest holdings of Carvana Co. (CVNA) shares are Price (T.Rowe) Blue Chip Growth Fund Inc. and Vanguard Total Stock Market Index Fund. Data provided on Mar 30, 2022 indicates that Price (T.Rowe) Blue Chip Growth Fund Inc. owns about 4.73 million shares. This amounts to just over 5.25 percent of the company’s overall shares, with a $563.93 million market value. The same data shows that the other fund manager holds slightly less at 2.4 million, or about 2.66% of the stock, which is worth about $285.78 million.

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