Carvana Co. (NYSE: CVNA) stock has achieved $8.30 in the past week


Carvana Co. (NYSE:CVNA) saw an upside of 10.63% to close Monday at $7.18 after adding $0.69 on the day. The 5-day average trading volume is 24,980,080 shares of the company’s common stock. It has gained $8.30 in the past week and touched a new high 2 times within the past 5 days. An average of 22,713,355 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 24,335,438.

CVNA’s 1-month performance is 72.60% or $3.13 on its low of $3.62 reached on 12/28/22. The company’s shares have touched a 52-week low of $3.55 and high of $167.00, with the stock’s rally to the 52-week high happening on 01/13/23. YTD, CVNA has achieved 51.48% or $2.44 and has reached a new high 5 times. However, the current price is down -95.70% from the 52-week high price.

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Insider Transactions

CVNA stock investors last saw insider trading activity on Nov 22.Palmer Stephen R (Vice President of Accounting) most recently sold 1,000 shares at $148.73 per share on Mar 01. This transaction cost the insider $148,730. Vice President of Accounting, Palmer Stephen R, sold 9 shares at a price of $164.78 on Feb 01. Then, on Feb 01, Chief Product Officer GILL DANIEL J. sold 10 shares at a price of $164.78 per share. This transaction amounted to $1,648.

Valuation Metrics

CVNA stock has a beta of 2.47. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.09 while the price-to-book (PB) in the most recent quarter is 2.77.

Carvana Co.’s quick ratio for the period ended September 29 was 1.00, with the current ratio over the same period at 2.40. As well, the company’s long term debt to equity for the quarter ending September 29 was 24.15, while the total debt to equity was 27.02. In terms of profitability, the gross margin trailing 12 months is 10.80%. The firm’s gross profit as reported stood at $1.93 billion against revenue of $12.81 billion.

Earnings Surprise

For the quarterly period ending September 29 this year, Carvana Co.’s cash and short-term investments amounted to $350.0 million against total debt of $8.07 billion. Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 88.69% to -$283.0 million, while revenue of -$238.0 million was 15.9% off the previous quarter. Analysts expected CVNA to announce -$1.94 per share in earnings in its latest quarter, but it posted -$2.67, representing a -37.60% surprise. EBITDA for the quarter stood at more than -$211.0 million. CVNA stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 9.25 billion, with total debt at $8.07 billion. Shareholders hold equity totaling $188.85 million.

Let’s look briefly at Carvana Co. (CVNA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 62.89% to suggest the stock is trending Neutral, with historical volatility in this time period at 236.03%.

The stock’s 5-day moving average is $6.87, reflecting a +2.28% or $0.16 change from its current price. CVNA is currently trading +66.20% above its 20-day SMA, -79.01% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -2.45% and SMA200 by-94.09%.

Stochastic %K and %D was 59.72% and 62.18% and the average true range (ATR) pointed at 1.00. The RSI (14) points at 57.39%, while the 14-day stochastic is at 70.07% with the period’s ATR at 1.00. The stock’s 9-day MACD Oscillator is pointing at 0.09 and 0.80 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Carvana Co. (NYSE: CVNA), Truist downgraded it to a Hold rating. They previously had a Buy rating on the stock. Analysts offering their rating for CVNA stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate CVNA as a “sell,”, while 22 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.

What is CVNA’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $1.00 and a high of $45.00, with their median price target at $7.50. Looking at these predictions, the average price target given by analysts is for Carvana Co. (CVNA) stock is $11.25.


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