In today’s recent session, 0.76 million shares of the Carvana Co. (NYSE:CVNA) have been traded, and its beta is 3.44. Most recently the company’s share price was $159.14, and it changed around $2.56 or 1.63% from the last close, which brings the market valuation of the company to $19.70B. CVNA at last check was trading at a discount to its 52-week high of $159.85, offering almost -0.45% off that amount. The share price’s 52-week low was $25.09, which indicates that the recent value has risen by an impressive 84.23% since then. We note from Carvana Co.’s average daily trading volume that its 10-day average is 3.12 million shares, with the 3-month average coming to 4.10 million.
Carvana Co. stock received a consensus recommendation rating of Buy, based on a mean score of 2.50. If we narrow it down even further, the data shows that 1 out of 14 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 3 recommended CVNA as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight.
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Carvana Co. (NYSE:CVNA) trade information
Instantly CVNA has been showing a green trend so far today with a performance of 1.63% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 159.76 on recent trading dayincreased the stock’s daily price by 0.39%. The company’s shares are currently up 200.60% year-to-date, but still up 19.17% over the last five days. On the other hand, Carvana Co. (NYSE:CVNA) is 2.18% up in the 30-day period. We can see from the shorts that 13.86 million shares have been sold at a short interest cover period of 3.56 day(s).
The consensus price target as assigned by Wall Street analysts is $140, which translates to bulls needing to decrease their stock price by -13.67% from its current value. Analyst projections state that CVNA is forecast to be at a low of $5.5 and a high of $470.
Carvana Co. (CVNA) estimates and forecasts
Carvana Co. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 101.75 percent over the past six months and at a -13.33% annual growth rate that is well below the industry average of 14.10%.
CVNA Dividends
Carvana Co.’s next quarterly earnings report is expected to be released on 2024-Oct-31.
Carvana Co. (NYSE:CVNA)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 5.37% of Carvana Co. shares, and 94.59% of them are in the hands of institutional investors. The stock currently has a share float of 99.95%. Carvana Co. stock is held by 540.0 institutions, with PRICE T ROWE ASSOCIATES INC /MD/ being the largest institutional investor. By 2024-06-30, it held 10.1349% of the shares, which is about 12.05 million shares worth $1.55 billion.
VANGUARD GROUP INC, with 8.3797% or 9.97 million shares worth $1.28 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Price (T.Rowe) Blue Chip Growth Fund Inc. and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Jun 30, 2024. The former held 4.68 shares worth $748.9 million, making up 3.78% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 3.35 shares worth around $536.3 million, which represents about 2.70% of the total shares outstanding.
