In the latest trading session, 1.1 million Carvana Co (NYSE:CVNA) shares changed hands as the company’s beta touched 3.58. With the company’s most recent per share price at $233.74 changing hands around $12.06 or 5.44% at last look, the market valuation stands at $49.83B. CVNA’s current price is a discount, trading about -25.28% off its 52-week high of $292.84. The share price had its 52-week low at $66.97, which suggests the last value was 71.35% up since then.
Analysts gave the Carvana Co (CVNA) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.15. 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. Carvana Co’s EPS for the current quarter is expected to be 0.69.
Carvana Co (NYSE:CVNA) trade information
Instantly CVNA is in green as seen in intraday trades today. With action -17.06%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 14.94%, with the 5-day performance at -17.06% in the red. However, in the 30-day time frame, Carvana Co (NYSE:CVNA) is -3.47% down.
The consensus price target for the stock as assigned by Wall Street analysts is 240, meaning bulls need an upside of 2.61% from its recent market value. According to analyst projections, CVNA’s forecast low is 126 with 330 as the target high. To hit the forecast high, the stock’s price needs a -41.18% plunge from its current level, while the stock would need to tank 46.09% for it to hit the projected low.
Carvana Co (CVNA) estimates and forecasts
Year-over-year growth is forecast to reach 19.49% up from the last financial year.
Consensus estimates given by 17 financial analysts project the company’s revenue in the current quarter to hit an average of 3.9B. 17 analysts are of the opinion that Carvana Co’s revenue for the current quarter will be 4.17B. The company’s revenue for the corresponding quarters a year ago was 3.06B and 3.41B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 27.38%. The estimates for the next quarter sales put growth at 22.37%.
The 2025 estimates are for Carvana Co earnings to increase by 81.12%, but the outlook for the next 5-year period is at 49.65% per year.
Carvana Co (NYSE:CVNA)’s Major holders
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.
Among Mutual Funds, the top two as of Sep 30, 2024 were Price (T.Rowe) Blue Chip Growth Fund Inc. and Vanguard Total Stock Market Index Fund. With 5.08 shares estimated at $1.18 billion under it, the former controlled 3.79% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.78% of the shares, roughly 3.73 shares worth around $869.44 million.
