The price of Carvana Co. (NYSE:CVNA) shares last traded on Wall Street fell -0.83% to $39.50.
Based on available information, 22 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 $15.00, we find $35.00. Given the previous closing price of $39.83, this indicates a potential downside of -12.13 percent. CVNA stock price is now 18.03% away from the 50-day moving average and 44.95% away from the 200-day moving average. The market capitalization of the company currently stands at $4.50B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
Among analysts, 17 rate the stock a hold while 1 rate it a buy. Brokers who have rated the stock have averaged $35.25 as their price target over the next twelve months.
With the price target enhanced from $25 to $40, JP Morgan Upgraded its rating from Underweight 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 $6.52 million. Insiders disposed of 214,500 shares of company stock worth roughly $8.47 million over the past 1 year. A total of 18.73% of the company’s stock is owned by insiders.
A candlestick chart of Carvana Co. (NYSE: CVNA) showed a price of $40.44 on Tuesday morning. During the past 12 months, Carvana Co. has had a low of $3.62 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 $33.47 and a two-hundred day moving average price translates $27.25 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 $2.54B 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.
