The stock of Carvana Co. (NYSE:CVNA) increased by $4.17 on Monday to finish at $45.37, up 10.12 percent. The last five days have seen an average of 9,311,260 shares of common stock traded. 20 times new highs were reached in the current year, with a gain of $40.63. The average number of shares traded over the last 20 days was 11,772,175, while the average volume over the last 50 days totaled 22,999,811.
CVNA stock appreciated 3.07% since last month. On 08/17/23, the company’s shares reached a one-month low of $36.42. The stock touched a high of $57.19 on 07/20/23, after rallying from a low of $3.55 in 52 weeks. The price of CVNA stock has risen by 857.17% or $40.63 this year, reaching a new high 20 times. Still, the stock price is down -20.67% from the 52-week high.
Insider Transactions
CVNA stock investors should be aware that Carvana Co. (CVNA) stock had its last reported insider trading activity 280 days ago on Nov 22. On Nov 22, President, Special Projects Taira Thomas acquired 35,000 shares at $6.86 each. This transaction resulted in the insider spending $240,100. On Nov 21, GILL DANIEL J. added 133,000 shares at a price of US$7.62. After the transaction, the insider now owns 263,415 shares. Director SULLIVAN GREGORY B had earlier bought 8,000 shares on Nov 14 for $10.00 a share. The transaction was completed for $80,000.
Financial Health
For the three months ended June 29, Carvana Co.’s quick ratio was 1.20, while its current ratio was 1.80, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 11.80% percent. Carvana Co.’s EBITDA margin for the year ended June 29 was -9.03%, whereas its operating margin stood at -19.90% for the same period. Based on annual data, it had gross profit of $1.25 billion and revenue of $13.6 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CVNA’s return on assets (ROA) during the last 12 months has been -15.00%. There was a -37.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 326.50%.
Earnings Surprise
According to Carvana Co.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $2.97 billion, while revenues fell by -30.86% to $2.61 billion. It was predicted that Carvana Co.’s quarterly earnings would be -$0.55, but it ended up being -$1.15, beating the consensus by 52.20%. EBITDA was $143.0 million for the quarter. At the end of Carvana Co.’s most recent quarter ended June 29, its liabilities totaled 9.26 billion, while its total debt was $8.43 billion. Equity owned by shareholders amounts to $189.44 million.
Technical Picture
Here’s a quick look at Carvana Co.’s (CVNA) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 61.81%, suggesting the stock is Neutral, with a 88.63% historical volatility rate.
The stochastic %K and %D were 43.49% and 28.10% respectively, while the average true range (ATR) was 3.95. Based on the 14-day stochastic reading of 77.49%, the RSI (14) reading is 58.52%. On the 9-day MACD Oscillator, the stock is at 1.68, and the 14-day reading is at 1.43.
Analyst Ratings
Carvana Co. (NYSE: CVNA) was downgraded by Jefferies to a an Underperform rating in its latest research report. The stock was previously rated as a a Hold. Analysts have assigned Carvana Co. (CVNA) an Hold rating. CVNA is a stock that is recommended for selling by 6 brokerage firms, while 15 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.
What is CVNA’s price target for the next 12 months?
The current consensus forecast for the stock is between $15.00 and $63.00, with a median target price of $44.00. In analyzing these forecasts, the average price target given by analysts for Carvana Co. (CVNA) is $42.88.
