Can Carvana Co. (CVNA) stock recover despite sales dropping?

In yesterday’s Wall Street session, Carvana Co. (NYSE:CVNA) shares traded at $34.17, up 2.83% from the previous session.

20 analysts cover Carvana Co. (NYSE:CVNA), according to research data. 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 $15.00, we find $35.00. Given the previous closing price of $33.23, this indicates a potential upside of 5.33 percent. CVNA stock price is now -14.24% away from the 50-day moving average and 39.61% away from the 200-day moving average. The market capitalization of the company currently stands at $3.64B.

The stock has received a hold rating from 14 analysts and a buy rating from 1. Brokers who have rated the stock have averaged $34.40 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 $5.64 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 $2.65 million. Insiders disposed of 214,303 shares of company stock worth roughly $7.32 million over the past 1 year. A total of 20.62% of the company’s stock is owned by insiders.

On Tuesday morning Carvana Co. (NYSE: CVNA) stock kicked off with the opening price of $33.03. During the past 12 months, Carvana Co. has had a low of $3.55 and a high of $57.19. As of last week, the company has a debt-to-equity ratio of 19.08, a current ratio of 2.28, and a quick ratio of 1.51. The fifty day moving average price for CVNA is $39.84 and a two-hundred day moving average price translates $24.47 for the stock.

The latest earnings results from Carvana Co. (NYSE: CVNA) was released for Sep, 2023. According to the Auto & Truck Dealerships Company, earnings per share came in at -$0.55, beating analysts’ expectations of -$1.15 by 0.6. This compares to -$4.80 EPS in the same period last year. The net profit margin was -2.16% and return on equity was -78.96% for CVNA. The company reported revenue of $2.77 billion for the quarter, compared to $3.39 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -18.1 percent. For the current quarter, analysts expect CVNA to generate $2.78B 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. 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.

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