At the time of writing, Carvana Co. [CVNA] stock is trading at $152.90, up 7.75%. An important factor to consider is whether the stock is rising or falling in short-term value. The CVNA shares have gain 12.86% over the last week, with a monthly amount glided 0.88%, 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 September 16, 2024, when Evercore ISI reiterated its In-line rating and also boosted its price target to $157 from $142. Previously, Stephens started tracking the stock with Overweight rating on September 12, 2024, and set its price target to $190. On August 01, 2024, upgrade upgraded it’s rating to Overweight but maintained its price target of $175 on the stock. BTIG Research initiated its recommendation with a Buy and recommended $155 as its price target on July 12, 2024. Needham upgraded its rating to Buy for this stock on July 10, 2024, but kept the price target unchanged to $160. In a note dated May 02, 2024, JP Morgan upgraded an Overweight rating on this stock and boosted its target price from $70 to $130.
For the past year, the stock price of Carvana Co. fluctuated between $25.09 and $159.85. Currently, Wall Street analysts expect the stock to reach $150.31 within the next 12 months. Carvana Co. [NYSE: CVNA] shares were valued at $152.90 at the most recent close of the market. An investor can expect a potential drop of -1.69% based on the average CVNA price forecast.
Analyzing the CVNA fundamentals
According to Carvana Co. [NYSE:CVNA], the company’s sales were 11.67B for trailing twelve months, which represents an 14.89% jump. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of10.7.
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 146.10 points at the first support level, and at 139.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 156.63, and for the 2nd resistance point, it is at 160.36.
Ratios To Look Out For
It is important to note that Carvana Co. [NYSE:CVNA] has a current ratio of 3.11. On the other hand, the Quick Ratio is 2.02, and the Cash Ratio is 0.54. Considering the valuation of this stock, the price to sales ratio is 1.62, the price to book ratio is 35.19 and price to earnings (TTM) ratio is 48.25.
Transactions by insiders
Recent insider trading involved GARCIA ERNEST C. II, 10% Owner, that happened on Sep 12 ’24 when 75000.0 shares were sold. 10% Owner, GARCIA ERNEST C. II completed a deal on Sep 11 ’24 to sell 75000.0 shares. Meanwhile, 10% Owner GARCIA ERNEST C. II sold 75000.0 shares on Sep 09 ’24.
