In the latest trading session, 0.66 million Carvana Co. (NYSE:CVNA) shares changed hands as the company’s beta touched 3.44. With the company’s most recent per share price at $197.52 changing hands around $0.17 or 0.09% at last look, the market valuation stands at $24.46B. CVNA’s current price is a discount, trading about -0.29% off its 52-week high of $198.09. The share price had its 52-week low at $25.09, which suggests the last value was 87.3% up since then. When we look at Carvana Co.’s average trading volume, we note the 10-day average is 2.22 million shares, with the 3-month average coming to 3.33 million.
Analysts gave the Carvana Co. (CVNA) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.52. If we narrow down to specifics, the data shows that 2 out of 25 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 11 recommended CVNA as a Hold, 12 felt it is a Buy and 0 rated the stock as Underweight.
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Carvana Co. (NYSE:CVNA) trade information
Instantly CVNA is in green as seen in intraday trades today. With action 2.13%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 273.10%, with the 5-day performance at 2.13% in the green. However, in the 30-day time frame, Carvana Co. (NYSE:CVNA) is 14.37% up. Looking at the short shares, we see there were 14.55 million shares sold at short interest cover period of 4.38 days.
The consensus price target for the stock as assigned by Wall Street analysts is 155, meaning bulls need a downside of -27.43% from its recent market value. According to analyst projections, CVNA’s forecast low is 40 with 470 as the target high. To hit the forecast high, the stock’s price needs a -137.95% plunge from its current level, while the stock would need to tank 79.75% for it to hit the projected low.
Carvana Co. (CVNA) estimates and forecasts
Data shows that the Carvana Co. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 162.14% over the past 6 months, a -17.33% in annual growth rate that is considerably lower than the industry average of 15.80%.
The 2024 estimates are for Carvana Co. earnings to decrease by -22.81%.
CVNA Dividends
Carvana Co. is expected to release its next quarterly earnings report on 2024-Oct-30.
Carvana Co. (NYSE:CVNA)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 5.34% of Carvana Co. shares while 94.53% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 99.86%. There are 94.53% institutions holding the Carvana Co. stock share, with PRICE T ROWE ASSOCIATES INC /MD/ the top institutional holder. As of 2024-06-30, the company held 10.1349% of the shares, roughly 12.05 million CVNA shares worth $1.55 billion.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 8.3797% or 9.97 million shares worth $1.28 billion as of 2024-06-30.
