Carvana Co [CVNA] stock prices are down -1.69% to $255.73 at the moment. 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 0.30% over the last week, with a monthly amount glided 8.51%, 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 November 05, 2024, when Morgan Stanley upgraded its rating to a Equal-Weight and also boosted its price target to $260 from $110. On September 16, 2024, Evercore ISI reiterated its In-line rating and revised its price target to $157 on the stock. Stephens started tracking the stock assigning a Overweight rating and suggested a price target of $190 on September 12, 2024. Wells Fargo upgraded its rating to a Overweight but $175 remained the price target by the analyst firm on August 01, 2024. In a note dated July 12, 2024, BTIG Research initiated an Buy rating and provided a target price of $155 on this stock.
The stock price of Carvana Co [CVNA] has been fluctuating between $36.53 and $268.34 over the past year. Currently, Wall Street analysts expect the stock to reach $219.85 within the next 12 months. Carvana Co [NYSE: CVNA] shares were valued at $255.73 at the most recent close of the market. An investor can expect a potential drop of -14.03% based on the average CVNA price forecast.
Analyzing the CVNA fundamentals
The Carvana Co [NYSE:CVNA] reported sales of 12.55B for trailing twelve months, representing a surge of 31.81%. Gross Profit Margin for this corporation currently stands at 0.19% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.0%, and Net Profit Margin reading is 0.0%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.04 and Total Capital is 0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 9.36.
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 253.09 points at the first support level, and at 250.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 260.48, and for the 2nd resistance point, it is at 265.24.
Ratios To Look Out For
It’s worth pointing out that Carvana Co [NYSE:CVNA]’s Current Ratio is 3.25. Further, the Quick Ratio stands at 2.12, while the Cash Ratio is 0.75. Considering the valuation of this stock, the price to sales ratio is 4.23, the price to book ratio is 52.92 and price to earnings (TTM) ratio is 30444.05.
Transactions by insiders
Recent insider trading involved JENKINS MARK W., Chief Financial Officer, that happened on Dec 02 ’24 when 10000.0 shares were sold. Chief Product Officer, GILL DANIEL J. completed a deal on Dec 02 ’24 to sell 44000.0 shares. Meanwhile, Officer DANIEL J GILL & LIAN B GILL FA bought 44000.0 shares on Dec 02 ’24.
