Carvana Co. [CVNA] stock is trading at $81.54, down -1.71%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CVNA shares have gain 16.69% over the last week, with a monthly amount glided 91.72%, and seem to be holding up well over a long-time horizon.
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On 28, February 2024, Carvana Expands West Coast Footprint with Newest Car Vending Machine in San Diego. In a post published today on Yahoo Finance, Online Auto Retailer Debuts 39th Signature Car Vending Machine in U.S., Fifth in the Golden State.
From an analyst’s perspective:
Carvana Co. [NYSE: CVNA] stock has seen the most recent analyst activity on February 23, 2024, when William Blair upgraded its rating to a Outperform. Previously, Raymond James upgraded its rating to Mkt Perform on February 23, 2024. On February 16, 2024, downgrade downgraded it’s rating to Underperform. JP Morgan upgraded its rating to a Neutral and increased its price target to $40 on December 04, 2023. Exane BNP Paribas downgraded its rating to a Neutral but $37 remained the price target by the analyst firm on October 12, 2023. Wedbush upgraded its rating to Neutral for this stock on September 18, 2023, and upped its price target to $48. In a note dated July 31, 2023, Jefferies downgraded an Underperform rating on this stock and revised its target price from $55 to $30.
Carvana Co. [CVNA] stock has fluctuated between $6.45 and $83.78 over the past year. Currently, Wall Street analysts expect the stock to reach $113.21 within the next 12 months. Carvana Co. [NYSE: CVNA] shares were valued at $81.54 at the most recent close of the market. An investor can expect a potential return of 38.84% based on the average CVNA price forecast.
Analyzing the CVNA fundamentals
Carvana Co. [NYSE:CVNA] reported sales of 10.77B for the trailing twelve months, which represents a drop of -14.56%. Gross Profit Margin for this corporation currently stands at 0.16% with Operating Profit Margin at -0.01%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is -1.67 and Total Capital is -0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of27.6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 79.61 points at the first support level, and at 77.68 for the second support level. However, for the 1st resistance point, the stock is sitting at 84.03, and for the 2nd resistance point, it is at 86.52.
Carvana Co. [CVNA] reported earnings per share of -$1 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.89/share, meaning a difference of -$0.11 and a surprise factor of -12.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $3.6 per share as compared to estimates of -$0.79 per share, a difference of $4.39 representing a surprise of 555.70%.
Ratios To Look Out For
For context, Carvana Co.’s Current Ratio is 2.16. Further, the Quick Ratio stands at 1.41, while the Cash Ratio is 0.35. Considering the valuation of this stock, the price to sales ratio is 0.88, the price to book ratio is 38.33 and price to earnings (TTM) ratio is 109.82.
Transactions by insiders
Recent insider trading involved PARIKH NEHA, Director, that happened on Mar 01 when 1300.0 shares were purchased., BREAUX PAUL W. completed a deal on Feb 27 to sell 15000.0 shares. Meanwhile, BREAUX PAUL W. sold 15000.0 shares on Feb 23.
