In last trading session, Carvana Co. (NYSE:CVNA) saw 24.53 million shares changing hands with its beta currently measuring 2.43. Company’s recent per share price level of $8.12 trading at $1.32 or 19.41% at ring of the bell on the day assigns it a market valuation of $1.58B. That closing price of CVNA’s stock is at a discount of -3553.94% from its 52-week high price of $296.70 and is indicating a premium of 19.95% from its 52-week low price of $6.50. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 22.83 million shares which gives us an average trading volume of 14.15 million if we extend that period to 3-months.
For Carvana Co. (CVNA), analysts’ consensus is at an average recommendation of a Hold while assigning it a mean rating of 2.60. Splitting up the data highlights that, out of 27 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 18 suggested the stock as a Hold whereas 7 see the stock as a Buy. 1 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$1.95 in the current quarter.
Carvana Co. (NYSE:CVNA) trade information
Upright in the green during last session for gaining 19.41%, in the last five days CVNA remained trading in the red while hitting it’s week-highest on Friday, 11/18/22 when the stock touched $8.12 price level, adding 6.02% to its value on the day. Carvana Co.’s shares saw a change of -96.50% in year-to-date performance and have moved -5.03% in past 5-day. Carvana Co. (NYSE:CVNA) showed a performance of -46.86% in past 30-days. Number of shares sold short was 34.57 million shares which calculate 3.64 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $19.94 to the stock, which implies a rise of 59.28% to its current value. Analysts have been projecting $5.00 as a low price target for the stock while placing it at a high target of $50.00. It follows that stock’s current price would drop -515.76% in reaching the projected high whereas dropping to the targeted low would mean a gain of 38.42% 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 -73.77% of value to its shares in past 6 months, showing an annual growth rate of -496.32% while that of industry is -5.80. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to decrease by -413.20% in the current quarter and calculating -80.40% decrease in the next quarter. This year revenue growth is estimated to rise 17.40% 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 $3.78 billion for the same. And 20 analysts are in estimates of company making revenue of $3.86 billion in the next quarter that will end on Dec 2022. Company posted $3.27 billion and $3.75 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 15.50% while estimating it to be 2.90% for the next quarter.
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 22 and February 27 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 9.50% of company’s total shares while institution are holding 120.68 percent of that, with stock having share float percentage of 133.34%. Investors also watch the number of corporate investors in a company very closely, which is 120.68% 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 20.1 million shares of worth $453.88 million. And as of Jun 29, 2022, it was holding 19.00% of the company’s outstanding shares.
The second largest institutional holder is Baillie Gifford and Company, which was holding about 14.14 million shares on Sep 29, 2022. The number of shares represents firm’s hold over 13.37% of outstanding shares, having a total worth of $287.12 million.
On the other hand, Price (T.Rowe) Blue Chip Growth Fund Inc. and Fidelity Blue Chip Growth Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 5.34 million shares of worth $120.52 million or 5.04% of the total outstanding shares. The later fund manager was in possession of 4.3 million shares on Aug 30, 2022, making its stake of worth around $141.96 million in the company or a holder of 4.07% of company’s stock.