Carvana Co. (NYSE: CVNA) Shares Gain $1.4 After Investor Confidence Raised

Carvana Co. (NYSE:CVNA) has a beta value of 3.29 and has seen 1.99 million shares traded in the recent trading session. The company, currently valued at $9.97B, closed the recent trade at $85.71 per share which meant it gained $1.4 on the day or 1.66% during that session. The CVNA stock price is -9.72% off its 52-week high price of $94.04 and 92.18% above the 52-week low of $6.70. The 3-month trading volume is 6.15 million shares.

Carvana Co. (NYSE:CVNA) trade information

Sporting 1.66% in the green today, the stock has traded in the green over the last five days, when the CVNA stock price touched $85.71 or saw a rise of 3.11%. Year-to-date, Carvana Co. shares have moved 61.90%, while the 5-day performance has seen it change 19.97%. Over the past 30 days, the shares of Carvana Co. (NYSE:CVNA) have changed -2.50%.

Carvana Co. (CVNA) estimates and forecasts

Figures show that Carvana Co. shares have underperformed across the wider relevant industry. The company’s shares have gained 194.54% over the past 6 months, with this year growth rate of -542.67%, compared to 15.30% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 51.00% and -30.90% for the next quarter. Revenue growth from the last financial year stood is estimated to be 4.80%.

17 analysts offering their estimates for the company have set an average revenue estimate of $2.67 billion for the current quarter. 16 have an estimated revenue figure of $2.89 billion for the next quarter concluding in Jun 2024.

CVNA Dividends

Carvana Co. is expected to release its next earnings report in May this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.