Carvana Co. [CVNA] stock prices are down -6.36% to $137.20 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CVNA shares have gain 3.27% over the last week, with a monthly amount glided 7.32%, 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 August 01, 2024, when Wells Fargo upgraded its rating to a Overweight but kept the price target unchanged to $175 for it. On July 12, 2024, BTIG Research initiated with a Buy rating and assigned a price target of $155 on the stock. Needham upgraded its rating to a Buy but stick to its price target of $160 on July 10, 2024. JP Morgan upgraded its rating to a Overweight and raised its price target to $130 on May 02, 2024. Jefferies upgraded its rating to Hold for this stock on March 12, 2024, and upped its price target to $85. In a note dated March 08, 2024, RBC Capital Mkts upgraded an Sector Perform rating on this stock and boosted its target price from $45 to $90.
The stock price of Carvana Co. [CVNA] has been fluctuating between $25.09 and $154.00 over the past year. Currently, Wall Street analysts expect the stock to reach $139.47 within the next 12 months. Carvana Co. [NYSE: CVNA] shares were valued at $137.20 at the most recent close of the market. An investor can expect a potential return of 1.65% based on the average CVNA price forecast.
Analyzing the CVNA fundamentals
The Carvana Co. [NYSE:CVNA] reported sales of 11.67B for trailing twelve months, representing a surge of 14.89%. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 2.04 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 10.7.
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 133.60 points at the first support level, and at 130.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 141.82, and for the 2nd resistance point, it is at 146.45.
Ratios To Look Out For
It’s worth pointing out that Carvana Co. [NYSE:CVNA]’s Current Ratio is 3.11. As well, the Quick Ratio is 2.02, while the Cash Ratio is 0.54. Considering the valuation of this stock, the price to sales ratio is 1.46, the price to book ratio is 31.58 and price to earnings (TTM) ratio is 43.30.
Transactions by insiders
Recent insider trading involved DANIEL J GILL & LIAN B GILL FA, Officer, that happened on Aug 01 ’24 when 20000.0 shares were purchased. Officer, MARK JENKINS completed a deal on Aug 01 ’24 to buy 5000.0 shares. Meanwhile, Chief Product Officer GILL DANIEL J. sold 20000.0 shares on Aug 01 ’24.
