The price of Carvana Co. (NYSE:CVNA) shares last traded on Wall Street fell -1.79% to $28.58.
Based on available information, 16 analysts follow Carvana Co. (NYSE:CVNA). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $60.00 and a low of $25.00, we find $42.50. Given the previous closing price of $29.10, this indicates a potential upside of 46.05 percent. CVNA stock price is now -30.70% away from the 50-day moving average and 20.64% away from the 200-day moving average. The market capitalization of the company currently stands at $3.04B.
Among analysts, 11 rate the stock a hold while 1 rate it a buy. Brokers who have rated the stock have averaged $42.25 as their price target over the next twelve months.
With the price target maintained at $37, Exane BNP Paribas recently Downgraded its rating from Outperform to Neutral for Carvana Co. (NYSE: CVNA).
In other news, BREAUX PAUL W., insider sold 20,000 shares of the company’s stock on Sep 11. The stock was sold for $980,000 at an average price of $49.00. Upon completion of the transaction, the insider now directly owns 165,174 shares in the company, valued at $4.72 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 22, President, Special Projects Taira Thomas bought 35,000 shares of the business’s stock. A total of $240,100 was incurred on buying the stock at an average price of $6.86. This leaves the insider owning 77,518 shares of the company worth $2.22 million. Insiders disposed of 215,150 shares of company stock worth roughly $6.15 million over the past 1 year. A total of 20.62% 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 VOLORIDGE INVESTMENT MANAGEMENT, LLC during the first quarter worth $22,024,000. TREXQUANT INVESTMENT LP invested $18,135,000 in shares of CVNA during the first quarter. In the first quarter, TD ASSET MANAGEMENT INC acquired a new stake in Carvana Co. valued at approximately $15,594,000. TUDOR INVESTMENT CORP ET AL acquired a new stake in CVNA for approximately $12,207,000. PAR CAPITAL MANAGEMENT INC purchased a new stake in CVNA valued at around $8,060,000 in the second quarter.
A candlestick chart of Carvana Co. (NYSE: CVNA) showed a price of $29.63 on Friday morning. During the past 12 months, Carvana Co. has had a low of $3.55 and a high of $57.19. The fifty day moving average price for CVNA is $41.07 and a two-hundred day moving average price translates $23.81 for the stock.
The latest earnings results from Carvana Co. (NYSE: CVNA) was released for Jun, 2023. The net profit margin was -11.08% and return on equity was -264.04% for CVNA. The company reported revenue of $2.97 billion for the quarter, compared to $3.88 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -23.58 percent.
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. Its 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. The company was founded in 2012 and is based in Tempe, Arizona.
