The stock price of Carvana Co. (NYSE: CVNA) has plunged by -1.27 when compared to previous closing price of 87.91, but the company has seen a 0.99% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-27 that Carvana (CVNA) closed the most recent trading day at $90.31, moving -0.55% from the previous trading session.
Is It Worth Investing in Carvana Co. (NYSE: CVNA) Right Now?
Carvana Co. (NYSE: CVNA) has a price-to-earnings ratio of 116.89x that is above its average ratio. Additionally, the 36-month beta value for CVNA is 3.31. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 5 rating it as “overweight,” 3 rating it as “hold,” and 1 rating it as “sell.”
The public float for CVNA is 96.28M and currently, short sellers hold a 30.57% ratio of that float. The average trading volume of CVNA on April 02, 2024 was 6.80M shares.
CVNA’s Market Performance
CVNA stock saw an increase of 0.99% in the past week, with a monthly gain of 14.30% and a quarterly increase of 58.06%. The volatility ratio for the week is 5.36%, and the volatility levels for the last 30 days are 6.57% for Carvana Co. (CVNA). The simple moving average for the last 20 days is 5.08% for CVNA stock, with a simple moving average of 90.53% for the last 200 days.
Analysts’ Opinion of CVNA
Many brokerage firms have already submitted their reports for CVNA stocks, with Jefferies repeating the rating for CVNA by listing it as a “Hold.” The predicted price for CVNA in the upcoming period, according to Jefferies is $85 based on the research report published on March 12, 2024 of the current year 2024.
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see CVNA reach a price target of $90, previously predicting the price at $45. The rating they have provided for CVNA stocks is “Sector Perform” according to the report published on March 08th, 2024.
CVNA Trading at 34.84% from the 50-Day Moving Average
After a stumble in the market that brought CVNA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.71% of loss for the given period.
Volatility was left at 6.57%, however, over the last 30 days, the volatility rate increased by 5.36%, as shares surge +4.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +102.59% upper at present.
During the last 5 trading sessions, CVNA rose by +0.99%, which changed the moving average for the period of 200-days by +269.16% in comparison to the 20-day moving average, which settled at $82.79. In addition, Carvana Co. saw 63.94% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CVNA starting from JENKINS MARK W., who sale 5,000 shares at the price of $79.37 back on Mar 15 ’24. After this action, JENKINS MARK W. now owns 183,156 shares of Carvana Co., valued at $396,850 using the latest closing price.
BREAUX PAUL W., the of Carvana Co., sale 20,000 shares at $89.00 during a trade that took place back on Mar 08 ’24, which means that BREAUX PAUL W. is holding 115,032 shares at $1,780,000 based on the most recent closing price.
Stock Fundamentals for CVNA
Current profitability levels for the company are sitting at:
- -0.01 for the present operating margin
- 0.16 for the gross margin
The net margin for Carvana Co. stands at 0.03. The total capital return value is set at -0.01. Equity return is now at value -78.96, with 5.71 for asset returns.
Based on Carvana Co. (CVNA), the company’s capital structure generated 0.97 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 27.6. The interest coverage ratio of the stock is -0.11.
Currently, EBITDA for the company is 281.0 million with net debt to EBITDA at 57.19. When we switch over and look at the enterprise to sales, we see a ratio of 2.2. The receivables turnover for the company is 40.49for trailing twelve months and the total asset turnover is 1.52. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.16.
Conclusion
In conclusion, Carvana Co. (CVNA) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
