In yesterday’s Wall Street session, Carvana Co. (NYSE:CVNA) shares traded at $8.32, down -2.69% from the previous session.
27 analysts cover Carvana Co. (NYSE:CVNA), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $55.00 and a low of $5.00, we find $20.00. Given the previous closing price of $8.55, this indicates a potential upside of 133.92 percent. CVNA stock price is now -58.86% away from the 50-day moving average and -85.28% away from the 200-day moving average. The market capitalization of the company currently stands at $1.32B.
The stock has received a hold rating from 17 analysts and a buy rating from 8. Brokers who have rated the stock have averaged $23.72 as their price target over the next twelve months.
On November 01, 2022, JP Morgan Upgraded its previous ‘Underweight’ rating to ‘Neutral’ on the stock keeping its target price maintained at $20, while ‘Wedbush’ rates the stock as ‘Neutral’.
In other news, SULLIVAN GREGORY B, Director bought 8,000 shares of the company’s stock on Nov 14. The stock was bought for $80,000 at an average price of $10.00. Upon completion of the transaction, the Director now directly owns 17,392 shares in the company, valued at $0.14 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 11, President, Special Projects Taira Thomas bought 10,000 shares of the business’s stock. A total of $111,300 was incurred on buying the stock at an average price of $11.13. This leaves the insider owning 42,518 shares of the company worth $0.35 million. Insiders disposed of 131,286 shares of company stock worth roughly $1.09 million over the past 1 year. A total of 4.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CVNA stock. A new stake in Carvana Co. shares was purchased by MAN GROUP PLC during the first quarter worth $7,049,000. MOORE CAPITAL MANAGEMENT, LP invested $2,288,000 in shares of CVNA during the first quarter. In the first quarter, BUILDERS UNION LLP acquired a new stake in Carvana Co. valued at approximately $1,691,000. POINT72 HONG KONG LTD acquired a new stake in CVNA for approximately $826,000. BANCO BILBAO VIZCAYA ARGENTARIA, S.A. purchased a new stake in CVNA valued at around $267,000 in the second quarter.
On Thursday morning Carvana Co. (NYSE: CVNA) stock kicked off with the opening price of $8.10. During the past 12 months, Carvana Co. has had a low of $6.50 and a high of $304.33. As of last week, the company has a debt-to-equity ratio of 27.02, a current ratio of 2.40, and a quick ratio of 1.00. The fifty day moving average price for CVNA is $20.22 and a two-hundred day moving average price translates $56.52 for the stock.
The latest earnings results from Carvana Co. (NYSE: CVNA) was released for Jun, 2022. According to the Internet Retail Company, earnings per share came in at -$2.35, missing analysts’ expectations of -$1.79 by -0.56. This compares to -$0.80 EPS in the same period last year. The net profit margin was -6.00% and return on equity was -290.20% for CVNA. The company reported revenue of $3.39 billion for the quarter, compared to $3.48 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.7 percent. For the current quarter, analysts expect CVNA to generate $3.78B in revenue.
Carvana Co.(CVNA) Company Profile
Carvana Co., together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States. The company’s platform allows customers to research and identify a vehicle; inspect it using company’s 360-degree vehicle imaging technology; obtain financing and warranty coverage; purchase the vehicle; and schedule delivery or pick-up from their desktop or mobile devices. Carvana Co. was founded in 2012 and is headquartered in Tempe, Arizona.