The stock price of Carvana Co. (NYSE: CVNA) has dropped by -3.98 compared to previous close of 71.36. Despite this, the company has seen a fall of -1.88% in its stock price over the last five trading days. The Motley Fool reported 2024-04-22 that One year ago, Carvana looked like a company heading for bankruptcy. One year later, Carvana stock is up nearly 10x, and on track to earn solid EBITDA this year, says J.P.
Is It Worth Investing in Carvana Co. (NYSE: CVNA) Right Now?
Carvana Co. (NYSE: CVNA) has a price-to-earnings ratio that is above its average at 92.28x. The stock has a 36-month beta value of 3.31. Opinions on the stock are mixed, with 5 analysts rating it as a “buy,” 5 as “overweight,” 3 as “hold,” and 1 as “sell.”
The public float for CVNA is 96.33M, and at present, short sellers hold a 30.27% of that float. On April 22, 2024, the average trading volume of CVNA was 6.31M shares.
CVNA’s Market Performance
CVNA stock saw a decrease of -1.88% in the past week, with a monthly decline of -21.88% and a quarterly a decrease of 41.72%. The volatility ratio for the week is 6.13%, and the volatility levels for the last 30 days are 5.42% for Carvana Co. (CVNA). The simple moving average for the last 20 days is -15.21% for CVNA’s stock, with a simple moving average of 38.24% 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 -8.06% 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 -27.14% of loss for the given period.
Volatility was left at 5.42%, however, over the last 30 days, the volatility rate increased by 6.13%, as shares sank -20.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +31.19% upper at present.
During the last 5 trading sessions, CVNA fell by -1.58%, which changed the moving average for the period of 200-days by +182.61% in comparison to the 20-day moving average, which settled at $79.95. In addition, Carvana Co. saw 29.43% 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 GARCIA ERNEST C. II, who sale 50,000 shares at the price of $80.13 back on Apr 11 ’24. After this action, GARCIA ERNEST C. II now owns 3,312,500 shares of Carvana Co., valued at $4,006,495 using the latest closing price.
GILL DANIEL J., the Chief Product Officer of Carvana Co., sale 10,335 shares at $82.85 during a trade that took place back on Apr 02 ’24, which means that GILL DANIEL J. is holding 392,038 shares at $856,234 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 1.87. 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
To sum up, Carvana Co. (CVNA) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
