Carvana Co. (CVNA) is expected to grow earnings and revenues in the years ahead

Carvana Co. [CVNA] stock is trading at $197.35, up 3.06%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CVNA shares have gain 2.78% over the last week, with a monthly amount glided 12.67%, 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.

Carvana Co. [CVNA] stock has fluctuated between $25.09 and $196.36 over the past year. Currently, Wall Street analysts expect the stock to reach $153.21 within the next 12 months. Carvana Co. [NYSE: CVNA] shares were valued at $197.35 at the most recent close of the market. An investor can expect a potential drop of -22.37% based on the average CVNA price forecast.

Analyzing the CVNA fundamentals

Carvana Co. [NYSE:CVNA] reported sales of 11.67B for the trailing twelve months, which represents a growth 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. 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 191.87 points at the first support level, and at 186.39 for the second support level. However, for the 1st resistance point, the stock is sitting at 200.46, and for the 2nd resistance point, it is at 203.57.

Ratios To Look Out For

For context, Carvana Co.’s Current Ratio is 3.11. Further, the Quick Ratio stands at 2.02, while the Cash Ratio is 0.54. Considering the valuation of this stock, the price to sales ratio is 2.09, the price to book ratio is 45.42 and price to earnings (TTM) ratio is 62.28.

Transactions by insiders

Recent insider trading involved PAUL BREAUX, Officer, that happened on Oct 22 ’24 when 14548.0 shares were purchased. 10% Owner, GARCIA ERNEST C. II completed a deal on Oct 17 ’24 to sell 100000.0 shares. Meanwhile, 10% Owner GARCIA ERNEST C. II sold 100000.0 shares on Oct 18 ’24.

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