Carvana Co (NYSE:CVNA)’s traded shares stood at 1.21 million during the latest session, with the company’s beta value hitting 3.37. At the last check today, the stock’s price was $229.80, to imply a decrease of -0.91% or -$2.12 in intraday trading. The CVNA share’s 52-week high remains $268.34, putting it -16.77% down since that peak but still an impressive 82.5% since price per share fell to its 52-week low of $40.21. The company has a valuation of $47.71B, with an average of 6.51 million shares in intraday trading volume over the past 10 days and average of 3.42 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 2.21. 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 0.29.
Carvana Co (NYSE:CVNA) trade information
After registering a -0.91% downside in the latest session, Carvana Co (CVNA) has traded red over the past five days. The 5-day price performance for the stock is 19.03%, and -10.15% over 30 days. With these gigs, the year-to-date price performance is 13.00%. Short interest in Carvana Co (NYSE:CVNA) saw shorts transact 13.4 million shares and set a 5.45 days time to cover.
The extremes give us $126 and $330 for target low and target high price respectively. As such, CVNA has been trading -43.6% off suggested target high and 45.17% 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 outperformed competitors. Carvana Co (CVNA) shares are 77.90% up over the last 6 months, with its year-to-date growth rate higher than industry average at 66.67% against 11.60%. The rating firms project that company’s revenue will grow 24.89% compared to the previous financial year.
Revenue forecast for the current quarter as set by 20 analysts is 3.32B. Meanwhile, for the current quarter, a total of 15 analyst(s) estimate revenue growth to 3.67B.Earnings reports from the last fiscal year show that sales brought in 2.42B and 3.06B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 36.77% before jumping 19.90% in the following quarter.
CVNA Dividends
Carvana Co has its next earnings report out in February. 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 1.41% of total outstanding shares, with institutional holders owning 93.41% of the shares at 94.75% float percentage. In total, 93.41% 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.
We also have Price (T.Rowe) Blue Chip Growth Fund Inc. and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Carvana Co (CVNA) shares. Going by data provided on Sep 30, 2024, Price (T.Rowe) Blue Chip Growth Fund Inc. holds roughly 5.08 shares. This is just over 3.95% of the total shares, with a market valuation of $1.16 billion. Data from the same date shows that the other fund manager holds a little less at 3.73, or 2.90% of the shares, all valued at about 852.02 million.
