Carvana Co. [CVNA] stock prices are down -2.02% to $85.94 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CVNA shares have gain 7.99% over the last week, with a monthly amount glided 63.98%, and seem to be holding up well over a long-time horizon.
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On 14, March 2024, Carvana Joins eSTART Coalition as Founding Member. In a post published today on Yahoo Finance, eSTART aims to Modernize Automotive Title and Registration.
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.
The stock price of Carvana Co. [CVNA] has been fluctuating between $6.70 and $90.48 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 $85.94 at the most recent close of the market. An investor can expect a potential return of 31.73% based on the average CVNA price forecast.
Analyzing the CVNA fundamentals
The Carvana Co. [NYSE:CVNA] reported sales of 10.77B for trailing twelve months, representing 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 84.32 points at the first support level, and at 82.71 for the second support level. However, for the 1st resistance point, the stock is sitting at 87.63, and for the 2nd resistance point, it is at 89.33.
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’s worth pointing out that Carvana Co. [NYSE:CVNA]’s Current Ratio is 2.16. In addition, the Quick Ratio stands at 1.41 and the Cash Ratio stands at 0.35. Considering the valuation of this stock, the price to sales ratio is 0.93, the price to book ratio is 40.40 and price to earnings (TTM) ratio is 115.74.
Transactions by insiders
Recent insider trading involved JENKINS MARK W., Chief Financial Officer, that happened on Mar 15 ’24 when 5000.0 shares were sold. See Remarks, BREAUX PAUL W. completed a deal on Mar 08 ’24 to sell 20000.0 shares. Meanwhile, Director PARIKH NEHA bought 1300.0 shares on Mar 05 ’24.
