In yesterday’s Wall Street session, Carvana Co. (NYSE:CVNA) shares traded at $32.03, down -1.02% from the previous session.
As of this writing, 22 analysts cover 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 $15.00, we find $34.50. Given the previous closing price of $32.36, this indicates a potential upside of 6.61 percent. CVNA stock price is now -13.74% away from the 50-day moving average and 26.03% away from the 200-day moving average. The market capitalization of the company currently stands at $3.65B.
There are 16 analysts who have given it a hold rating, whereas 1 have given it a buy rating. Brokers who have rated the stock have averaged $34.13 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 $5.29 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 $2.48 million. Insiders disposed of 214,303 shares of company stock worth roughly $6.86 million over the past 1 year. A total of 18.73% of the company’s stock is owned by insiders.
Friday morning saw Carvana Co. (NYSE: CVNA) opened at $31.98. 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 $36.83 and a two-hundred day moving average price translates $25.50 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 $3.6, beating analysts’ expectations of -$0.79 by 4.39. 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 $2.56B 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.