At the time of writing, Carvana Co. [CVNA] stock is trading at $192.25, up 0.35%. 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 6.70% over the last week, with a monthly amount glided 36.81%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Evercore ISI reaffirmed its In-line rating on September 16, 2024, and elevated its price target to $157. On September 12, 2024, Stephens initiated with a Overweight rating and assigned a price target of $190 on the stock. Wells Fargo upgraded its rating to a Overweight but stick to its price target of $175 on August 01, 2024. BTIG Research started tracking with a Buy rating for this stock on July 12, 2024, and assigned it a price target of $155. In a note dated July 10, 2024, Needham upgraded an Buy rating on this stock but restated the target price of $160.
For the past year, the stock price of Carvana Co. fluctuated between $25.09 and $193.49. Currently, Wall Street analysts expect the stock to reach $153.21 within the next 12 months. Carvana Co. [NYSE: CVNA] shares were valued at $192.25 at the most recent close of the market. An investor can expect a potential drop of -20.31% 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. 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 189.08 points at the first support level, and at 185.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 195.08, and for the 2nd resistance point, it is at 197.92.
Ratios To Look Out For
It is important to note that Carvana Co. [NYSE:CVNA] has a current ratio of 3.11. Also, the Quick Ratio is 2.02, while the Cash Ratio stands at 0.54. Considering the valuation of this stock, the price to sales ratio is 2.04, the price to book ratio is 44.24 and price to earnings (TTM) ratio is 60.67.
Transactions by insiders
Recent insider trading involved GARCIA ERNEST C. II, 10% Owner, that happened on Oct 09 ’24 when 100000.0 shares were sold. 10% Owner, GARCIA ERNEST C. II completed a deal on Oct 10 ’24 to sell 100000.0 shares. Meanwhile, 10% Owner GARCIA ERNEST C. II sold 100000.0 shares on Oct 08 ’24.
