Carvana Co. (NYSE:CVNA)’s traded shares stood at 0.77 million during the latest session, with the company’s beta value hitting 3.43. At the last check today, the stock’s price was $157.46, to imply an increase of 0.44% or $0.69 in intraday trading. The CVNA share’s 52-week high remains $157.62, putting it -0.1% down since that peak but still an impressive 84.07% since price per share fell to its 52-week low of $25.09. The company has a valuation of $19.50B, with an average of 3.01 million shares in intraday trading volume over the past 10 days and average of 4.37 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Carvana Co. (CVNA), translating to a mean rating of 2.65. Of 25 analyst(s) looking at the stock, 2 analyst(s) give CVNA a Sell rating. 0 of those analysts rate the stock as Overweight while 11 advise Hold as 12 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.23.
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Carvana Co. (NYSE:CVNA) trade information
After registering a 0.44% upside in the latest session, Carvana Co. (CVNA) has traded red over the past five days. The 5-day price performance for the stock is 3.89%, and 27.58% over 30 days. With these gigs, the year-to-date price performance is 197.43%. Short interest in Carvana Co. (NYSE:CVNA) saw shorts transact 15.06 million shares and set a 3.58 days time to cover.
The extremes give us $5.5 and $470 for target low and target high price respectively. As such, CVNA has been trading -198.49% off suggested target high and 96.51% from its likely low.
Carvana Co. (CVNA) estimates and forecasts
Looking at statistics comparing Carvana Co. share performance against respective industry, we note that the company has underperformed competitors. Carvana Co. (CVNA) shares are 200.44% up over the last 6 months, with its year-to-date growth rate lower than industry average at -61.33% against 11.40%. Revenue is forecast to shrink -93.60% this quarter before jumping 99.00% for the next one. The rating firms project that company’s revenue will grow 21.40% compared to the previous financial year.
Revenue forecast for the current quarter as set by 17 analysts is 3.42B. Meanwhile, for the current quarter, a total of 17 analyst(s) estimate revenue growth to 3.17B.Earnings reports from the last fiscal year show that sales brought in 2.78B and 2.42B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 22.90% before jumping 31.00% in the following quarter.
CVNA Dividends
Carvana Co. has its next earnings report out in September. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Carvana Co. (NYSE:CVNA)’s Major holders
Carvana Co. insiders hold 4.80% of total outstanding shares, with institutional holders owning 94.89% of the shares at 99.67% float percentage. In total, 94.89% institutions holds shares in the company, led by PRICE T ROWE ASSOCIATES INC /MD/. As of 2024-06-30, the company held over 12.05 million shares (or 10.1349% of shares), all amounting to roughly $1.55 billion.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 9.97 million shares, or about 8.3797% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $1.28 billion.
