During the last session, Carvana Co. (NYSE:CVNA)’s traded shares were 4.55 million, with the beta value of the company hitting 3.37. At the end of the trading day, the stock’s price was $130.06, reflecting an intraday gain of 0.68% or $0.88. The 52-week high for the CVNA share is $147.25, that puts it down -13.22 from that peak though still a striking 80.71% gain since the share price plummeted to a 52-week low of $25.09. The company’s market capitalization is $15.21B, and the average intraday trading volume over the past 10 days was 4.76 million shares, and the average trade volume was 4.78 million shares over the past three months.
Carvana Co. (CVNA) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 2.61. CVNA has a Sell rating from 2 analyst(s) out of 24 analysts who have looked at this stock. 14 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 8 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.08.
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Carvana Co. (NYSE:CVNA) trade information
Carvana Co. (CVNA) registered a 0.68% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.68% in intraday trading to $130.06, hitting a weekly high. The stock’s 5-day price performance is -4.54%, and it has moved by 17.40% in 30 days. Based on these gigs, the overall price performance for the year is 133.08%. The short interest in Carvana Co. (NYSE:CVNA) is 21.89 million shares and it means that shorts have 4.56 day(s) to cover.
The extremes of the forecast give a target low and a target high price of $5 and $470 respectively. As a result, CVNA is trading at a discount of -261.37% off the target high and 96.16% off the low.
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 up 203.59% during the last six months, with a year-to-date growth rate less than the industry average at -145.33% against 17.50. In the rating firms’ projections, revenue will increase 15.30% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 3.23B as predicted by 19 analyst(s). Meanwhile, a consensus of 19 analyst(s) estimates revenue growth to 3.17B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 2.97B and 2.78B respectively. In this case, analysts expect current quarter sales to grow by 9.00% and then jump by 13.80% in the coming quarter.
While earnings are projected to return -139.79% in 2024.
CVNA Dividends
Carvana Co. is due to release its next quarterly earnings in August. 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 6.03% of total outstanding shares while institutional holders control 104.28% , with the float percentage being 110.98% . MORGAN STANLEY is the largest shareholder of the company, while 452 institutions own stock in it. As of 2024-03-31, the company held over 14.71 million shares (or 12.8935% of all shares), a total value of $1.29 billion in shares.
The next largest institutional holding, with 10.29 million shares, is of VANGUARD GROUP INC’s that is approximately 9.0181% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $904.64 million.
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 31, 2024 indicates that Price (T.Rowe) Blue Chip Growth Fund Inc. owns about 3.31 shares. This amounts to just over 2.83 percent of the company’s overall shares, with a $430.09 million market value. The same data shows that the other fund manager holds slightly less at 3.29, or about 2.82% of the stock, which is worth about $428.49 million.
