At the time of writing, Carvana Co. [CVNA] stock is trading at $79.67, up 4.44%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CVNA shares have gain 2.39% over the last week, with a monthly amount glided 44.12%, 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 March 12, 2024, when Jefferies upgraded its rating to a Hold and also boosted its price target to $85 from $30. Previously, RBC Capital Mkts upgraded its rating to Sector Perform on March 08, 2024, and elevated its price target to $90. On February 23, 2024, upgrade upgraded it’s rating to Outperform. Raymond James upgraded its rating to a Mkt Perform. Raymond James downgraded its rating to a Underperform. JP Morgan upgraded its rating to Neutral for this stock on December 04, 2023, and upped its price target to $40. In a note dated October 12, 2023, Exane BNP Paribas downgraded an Neutral rating on this stock but restated the target price of $37.
For the past year, the stock price of Carvana Co. fluctuated between $6.45 and $90.48. Currently, Wall Street analysts expect the stock to reach $113.21 within the next 12 months. Carvana Co. [NYSE: CVNA] shares were valued at $79.67 at the most recent close of the market. An investor can expect a potential return of 42.1% based on the average CVNA price forecast.
Analyzing the CVNA fundamentals
According to Carvana Co. [NYSE:CVNA], the company’s sales were 10.77B for trailing twelve months, which represents an -14.56% plunge. 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 77.13 points at the first support level, and at 74.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 81.47, and for the 2nd resistance point, it is at 83.27.
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
It is important to note that Carvana Co. [NYSE:CVNA] has a current ratio of 2.16. Also, the Quick Ratio is 1.41, while the Cash Ratio stands at 0.35. Considering the valuation of this stock, the price to sales ratio is 0.86, the price to book ratio is 37.45 and price to earnings (TTM) ratio is 107.30.
Transactions by insiders
Recent insider trading involved BREAUX PAUL W.,, that happened on Mar 08 ’24 when 20000.0 shares were sold. Director, PARIKH NEHA completed a deal on Mar 05 ’24 to buy 1300.0 shares. Meanwhile, Vice President of Accounting Palmer Stephen R sold 474.0 shares on Mar 04 ’24.
