Carvana Co. (NYSE:CVNA) has a beta value of 2.47 and has seen 24.86 million shares traded in the last trading session. The company, currently valued at $1.33B, closed the last trade at $7.18 per share which meant it gained $0.69 on the day or 10.63% during that session. The CVNA stock price is -2225.91% off its 52-week high price of $167.00 and 50.56% above the 52-week low of $3.55. If we look at the company’s 10-day average daily trading volume, we find that it stood at 31.78 million shares traded. The 3-month trading volume is 24.04 million shares.
The consensus among analysts is that Carvana Co. (CVNA) is a Hold stock at the moment, with a recommendation rating of 3.00. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 22 out of 27 have rated it as a Hold, with 3 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is -$1.95.
Carvana Co. (NYSE:CVNA) trade information
Sporting 10.63% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Monday, 01/23/23 when the CVNA stock price touched $7.18 or saw a rise of 13.49%. Year-to-date, Carvana Co. shares have moved 51.48%, while the 5-day performance has seen it change 2.28%. Over the past 30 days, the shares of Carvana Co. (NYSE:CVNA) have changed 72.60%. Short interest in the company has seen 34.57 million shares shorted with days to cover at 3.64.
Wall Street analysts have a consensus price target for the stock at $11.25, which means that the shares’ value could jump 36.18% from current levels. The projected low price target is $1.00 while the price target rests at a high of $45.00. In that case, then, we find that the current price level is -526.74% off the targeted high while a plunge would see the stock lose 86.07% from current levels.
Carvana Co. (CVNA) estimates and forecasts
Figures show that Carvana Co. shares have underperformed across the wider relevant industry. The company’s shares have lost -71.71% over the past 6 months, with this year growth rate of -506.13%, compared to -5.90% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are -413.20% and -80.40% for the next quarter. Revenue growth from the last financial year stood is estimated to be 17.40%.
20 analysts offering their estimates for the company have set an average revenue estimate of $3.78 billion for the current quarter. 20 have an estimated revenue figure of $3.86 billion for the next quarter concluding in Dec 2022. Year-ago sales stood $3.27 billion and $3.75 billion respectively for this quarter and the next, and analysts expect sales will grow by 15.50% for the current quarter and 2.90% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -19.20% over the past 5 years.
Carvana Co. is expected to release its next earnings report between February 22 and February 27 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Carvana Co. (NYSE:CVNA)’s Major holders
Insiders own 9.50% of the company shares, while shares held by institutions stand at 120.68% with a share float percentage of 133.34%. Investors are also buoyed by the number of investors in a company, with Carvana Co. having a total of 444 institutions that hold shares in the company. The top two institutional holders are Price (T.Rowe) Associates Inc with over 20.1 million shares worth more than $453.88 million. As of Jun 29, 2022, Price (T.Rowe) Associates Inc held 19.00% of shares outstanding.
The other major institutional holder is Baillie Gifford and Company, with the holding of over 14.14 million shares as of Sep 29, 2022. The firm’s total holdings are worth over $287.12 million and represent 13.37% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Price (T.Rowe) Blue Chip Growth Fund Inc. and Fidelity Blue Chip Growth Fund. As of Jun 29, 2022, the former fund manager holds about 5.04% shares in the company for having 5.34 million shares of worth $120.52 million while later fund manager owns 4.3 million shares of worth $141.96 million as of Aug 30, 2022, which makes it owner of about 4.07% of company’s outstanding stock.