Carvana Co. (NYSE:CVNA) saw a downside of -1.79% to close Tuesday at $44.01 after subtracting -$0.8 on the day. The 5-day average trading volume is 16,023,140 shares of the company’s common stock. It has gained $53.31 in the past week and touched a new high 2 times within the past 5 days. An average of 30,910,826 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 33,049,703.
CVNA’s 1-month performance is 28.42% or $14.56 on its low of $28.12 reached on 07/10/23. The company’s shares have touched a 52-week low of $3.55 and high of $58.05, with the stock’s rally to the 52-week high happening on 07/20/23. YTD, CVNA has achieved 828.48% or $39.27 and has reached a new high 20 times. However, the current price is down -24.19% from the 52-week high price.
Valuation Metrics
CVNA stock has a beta of 3.11. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.81.
Carvana Co.’s quick ratio for the period ended June 29 was 1.20, with the current ratio over the same period at 1.80.. In terms of profitability, the gross margin trailing 12 months is 11.80%. The trailing 12-month EBITDA margin is -9.03% while for the period ending June 29, Carvana Co.’s operating margin was -19.90%. The firm’s gross profit as reported stood at $1.25 billion against revenue of $13.6 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Carvana Co.’s cash and short-term investments amounted to $335.0 million against total debt of $8.45 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -310.34% to -$58.0 million, while revenue of -$160.0 million was -175.86% off the previous quarter. Analysts expected CVNA to announce -$1.15 per share in earnings in its latest quarter, but it posted -$0.55, representing a 52.20% surprise. EBITDA for the quarter stood at more than $143.0 million. CVNA stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 9.26 billion, with total debt at $8.45 billion. Shareholders hold equity totaling $189.44 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 08 August was 50.17% to suggest the stock is trending Neutral, with historical volatility in this time period at 105.91%.
The stock’s 5-day moving average is $47.58, reflecting a -10.38% or -$5.10 change from its current price. CVNA is currently trading +23.73% above its 20-day SMA, +524.26% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +302.29% and SMA200 by+193.60%.
Stochastic %K and %D was 32.52% and 48.67% and the average true range (ATR) pointed at 5.02. The RSI (14) points at 55.18%, while the 14-day stochastic is at 24.64% with the period’s ATR at 4.98. The stock’s 9-day MACD Oscillator is pointing at -1.63 and -1.24 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Carvana Co. (NYSE: CVNA), Jefferies downgraded it to an Underperform rating. They previously had a Hold rating on the stock. Analysts offering their rating for CVNA stock have a consensus rating for the stock as Hold. Currently, 6 brokerage advisors rate CVNA as a “sell,”, while 15 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 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 $15.00 and a high of $63.00, with their median price target at $42.00. Looking at these predictions, the average price target given by analysts is for Carvana Co. (CVNA) stock is $41.29.
