During the recent session, Carvana Co (NYSE:CVNA)’s traded shares were 5.07 million, with the beta value of the company hitting 3.43. At the last check today, the stock’s price was $247.18, reflecting an intraday gain of 19.23% or $39.87. The 52-week high for the CVNA share is $213.98, that puts it up 13.43 from that peak though still a striking 89.85% gain since the share price plummeted to a 52-week low of $25.09. The company’s market capitalization is $51.15B, and the average intraday trading volume over the past 10 days was 2.69 million shares, and the average trade volume was 3.29 million shares over the past three months.
Carvana Co (CVNA) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.50. CVNA has a Sell rating from 2 analyst(s) out of 25 analysts who have looked at this stock. 11 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 12 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 0.25.
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Carvana Co (NYSE:CVNA) trade information
Carvana Co (CVNA) registered a 19.23% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 19.23% in intraday trading to $247.18, hitting a weekly high. The stock’s 5-day price performance is 23.45%, and it has moved by 39.69% in 30 days. Based on these gigs, the overall price performance for the year is 815.46%. The short interest in Carvana Co (NYSE:CVNA) is 13.64 million shares and it means that shorts have 4.21 day(s) to cover.
The consensus price target of analysts on Wall Street is $192.5, which implies a decrease of -28.41% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $40 and $470 respectively. As a result, CVNA is trading at a discount of -90.14% off the target high and 83.82% 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 112.17% during the last six months, with a year-to-date growth rate less than the industry average at -21.33% against 16.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -93.10% this quarter and then jump 100.00% in the quarter after that. In the rating firms’ projections, revenue will increase 22.10% 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 3.65B as predicted by 20 analyst(s). Meanwhile, a consensus of 20 analyst(s) estimates revenue growth to 3.21B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 2.78B and 2.42B respectively. In this case, analysts expect current quarter sales to grow by 31.40% and then jump by 32.50% in the coming quarter.
While earnings are projected to return 49.56% in 2024.
CVNA Dividends
Carvana Co is due to release its next quarterly earnings on 2024-Oct-30. 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 3.50% of total outstanding shares while institutional holders control 94.57%, with the float percentage being 98.00%. PRICE T ROWE ASSOCIATES INC /MD/ is the largest shareholder of the company, while 577.0 institutions own stock in it. As of 2024-06-30, the company held over 12.05 million shares (or 10.1349% of all shares), a total value of $1.55 billion in shares.
The next largest institutional holding, with 9.97 million shares, is of VANGUARD GROUP INC’s that is approximately 8.3797% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.28 billion.
