At the time of writing, Carvana Co. [CVNA] stock is trading at $128.72, down -3.13%. An important factor to consider is whether the stock is rising or falling in short-term value. The CVNA shares have gain 13.92% over the last week, with a monthly amount glided 22.53%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Carvana Co. [NYSE: CVNA] stock has seen the most recent analyst activity on May 02, 2024, when JP Morgan upgraded its rating to a Overweight and also boosted its price target to $130 from $70. Previously, Jefferies upgraded its rating to Hold on March 12, 2024, and elevated its price target to $85. On March 08, 2024, upgrade upgraded it’s rating to Sector Perform and revised its price target to $90 on the stock. William Blair upgraded its rating to a Outperform. Raymond James upgraded its rating to a Mkt Perform. Raymond James downgraded its rating to Underperform for this stock on February 16, 2024. In a note dated December 04, 2023, JP Morgan upgraded an Neutral rating on this stock and boosted its target price from $25 to $40.
For the past year, the stock price of Carvana Co. fluctuated between $23.43 and $134.68. Currently, Wall Street analysts expect the stock to reach $115.56 within the next 12 months. Carvana Co. [NYSE: CVNA] shares were valued at $128.72 at the most recent close of the market. An investor can expect a potential drop of -10.22% based on the average CVNA price forecast.
Analyzing the CVNA fundamentals
According to Carvana Co. [NYSE:CVNA], the company’s sales were 11.23B for trailing twelve months, which represents an 17.46% jump. Gross Profit Margin for this corporation currently stands at 0.17% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 14.67 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of20.55.
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 122.91 points at the first support level, and at 117.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 135.72, and for the 2nd resistance point, it is at 142.73.
Ratios To Look Out For
It is important to note that Carvana Co. [NYSE:CVNA] has a current ratio of 2.54. On the other hand, the Quick Ratio is 1.62, and the Cash Ratio is 0.26. Considering the valuation of this stock, the price to sales ratio is 1.34, the price to book ratio is 51.91 and price to earnings (TTM) ratio is 51.85.
Transactions by insiders
Recent insider trading involved GARCIA ERNEST C. II, 10% Owner, that happened on Jun 26 ’24 when 75000.0 shares were sold. 10% Owner, GARCIA ERNEST C. II completed a deal on Jun 25 ’24 to sell 75000.0 shares. Meanwhile, 10% Owner GARCIA ERNEST C. II sold 60000.0 shares on Jun 24 ’24.
