Are Carvana Co (NYSE: CVNA) Shares Ready For A Higher Price Run?

In the last trading session, 2.83 million shares of the Carvana Co (NYSE:CVNA) were traded, and its beta was 3.62. Most recently the company’s share price was $258.81, and it changed around -$0.76 or -0.29% from the last close, which brings the market valuation of the company to $55.25B. CVNA currently trades at a discount to its 52-week high of $292.84, offering almost -13.15% off that amount. The share price’s 52-week low was $97.55, which indicates that the current value has risen by an impressive 62.31% since then.

Carvana Co stock received a consensus recommendation rating of Hold, based on a mean score of 1.90. If we narrow it down even further, the data shows that 1 out of 24 analysts rate the stock as a Sell; another 7 rate it as Overweight. Among the rest, 10 recommended CVNA as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight. Carvana Co is expected to report earnings per share of 0.75 for the current quarter.

Carvana Co (NYSE:CVNA) trade information

Instantly CVNA has showed a red trend with a performance of -0.29% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 264.17 on recent trading dayincreased the stock’s daily price by 2.03%. The company’s shares are currently up 27.27% year-to-date, but still up 6.25% over the last five days. On the other hand, Carvana Co (NYSE:CVNA) is 59.20% up in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $300, which translates to bulls needing to increase their stock price by 13.73% from its current value. Analyst projections state that CVNA is forecast to be at a low of $250 and a high of $330.

Carvana Co (CVNA) estimates and forecasts

The year-over-year growth rate is expected to be 20.91%, up from the previous year.

Consensus estimates provided by 17 financial analysts predict the company will bring in an average of 4B in revenue for the current quarter. 17 analysts expect Carvana Co to make 4.21B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 3.06B and 3.41B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 30.74%. Forecasts for the next quarter put sales growth at 23.52%.

Carvana Co earnings are expected to increase by 81.16% in 2025, but the outlook is positive 49.02% per year for the next five years.

CVNA Dividends

Carvana Co’s next quarterly earnings report is expected to be released in June.

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.

T. Rowe Price Blue Chip Growth Fund, Inc. and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Dec 31, 2024 . The former held 5.43 shares worth $1.4 billion, making up 4.04% of all outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund held roughly 3.83 shares worth around $990.52 million, which represents about 2.85% of the total shares outstanding.