In last trading session, Carvana Co. (NYSE:CVNA) saw 8.6 million shares changing hands with its beta currently measuring 2.58. Company’s recent per share price level of $30.66 trading at -$0.31 or -1.00% at ring of the bell on the day assigns it a market valuation of $6.51B. That closing price of CVNA’s stock is at a discount of -985.32% from its 52-week high price of $332.76 and is indicating a premium of 36.56% from its 52-week low price of $19.45. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 7.87 million shares which gives us an average trading volume of 10.51 million if we extend that period to 3-months.
For Carvana Co. (CVNA), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.50. Splitting up the data highlights that, out of 28 analysts covering the stock, 2 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 15 suggested the stock as a Hold whereas 10 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$1.8 in the current quarter.
Carvana Co. (NYSE:CVNA) trade information
Upright in the red during last session for losing -1.00%, in the last five days CVNA remained trading in the red while hitting it’s week-highest on Thursday, 09/15/22 when the stock touched $30.66 price level, adding 20.32% to its value on the day. Carvana Co.’s shares saw a change of -86.77% in year-to-date performance and have moved -15.00% in past 5-day. Carvana Co. (NYSE:CVNA) showed a performance of -14.74% in past 30-days. Number of shares sold short was 29.03 million shares which calculate 2.36 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $56.35 to the stock, which implies a rise of 45.59% to its current value. Analysts have been projecting $15.00 as a low price target for the stock while placing it at a high target of $100.00. It follows that stock’s current price would drop -226.16% in reaching the projected high whereas dropping to the targeted low would mean a gain of 51.08% for stock’s current value.
Carvana Co. (CVNA) estimates and forecasts
Statistics highlight that Carvana Co. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -78.30% of value to its shares in past 6 months, showing an annual growth rate of -408.59% while that of industry is -14.50. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to decrease by -792.30% in the current quarter and calculating -268.40% decrease in the next quarter. This year revenue growth is estimated to rise 25.30% from the last financial year’s standing.
20 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $3.98 billion for the same. And 20 analysts are in estimates of company making revenue of $4.2 billion in the next quarter that will end on Sep 2022.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -19.20% during past 5 years.
Carvana Co. is more likely to be releasing its next quarterly report between February 23 and February 28 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Carvana Co. (NYSE:CVNA)’s Major holders
Insiders are in possession of 9.51% of company’s total shares while institution are holding 102.40 percent of that, with stock having share float percentage of 113.16%. Investors also watch the number of corporate investors in a company very closely, which is 102.40% institutions for Carvana Co. that are currently holding shares of the company. Price (T.Rowe) Associates Inc is the top institutional holder at CVNA for having 13.43 million shares of worth $1.6 billion. And as of Mar 30, 2022, it was holding 14.91% of the company’s outstanding shares.
The second largest institutional holder is FMR, LLC, which was holding about 10.44 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 11.59% of outstanding shares, having a total worth of $1.25 billion.
On the other hand, Price (T.Rowe) Blue Chip Growth Fund Inc. and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Mar 30, 2022, the former fund manager was holding 4.73 million shares of worth $563.93 million or 5.25% of the total outstanding shares. The later fund manager was in possession of 2.4 million shares on Mar 30, 2022, making its stake of worth around $285.78 million in the company or a holder of 2.66% of company’s stock.