The price-to-earnings ratio for Carvana Co. (NYSE: CVNA) is above average at 49.01x. The 36-month beta value for CVNA is also noteworthy at 3.27. 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 96.44M, and at present, short sellers hold a 29.62% of that float. The average trading volume of CVNA on May 06, 2024 was 6.59M shares.
CVNA) stock’s latest price update
The stock of Carvana Co. (NYSE: CVNA) has increased by 4.44 when compared to last closing price of 116.50. Despite this, the company has experienced a 44.31% gain in its stock price over the last five trading sessions. The Motley Fool reported 2024-05-05 that Carvana earned $4.12 per share in 2023, a vast improvement over the $15.74 EPS loss in 2022, and $0.24 EPS in Q1 2024. 2023 results were helped by debt refinancing efforts and the 2024’s Q1 benefited from the fair value gain on a warrant.
CVNA’s Market Performance
CVNA’s stock has risen by 44.31% in the past week, with a monthly rise of 47.59% and a quarterly rise of 180.02%. The volatility ratio for the week is 7.74% while the volatility levels for the last 30 days are 6.69% for Carvana Co. The simple moving average for the past 20 days is 52.78% for CVNA’s stock, with a 135.03% simple moving average for the past 200 days.
Analysts’ Opinion of CVNA
Many brokerage firms have already submitted their reports for CVNA stocks, with JP Morgan repeating the rating for CVNA by listing it as a “Overweight.” The predicted price for CVNA in the upcoming period, according to JP Morgan is $130 based on the research report published on May 02, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see CVNA reach a price target of $85, previously predicting the price at $30. The rating they have provided for CVNA stocks is “Hold” according to the report published on March 12th, 2024.
RBC Capital Mkts gave a rating of “Sector Perform” to CVNA, setting the target price at $90 in the report published on March 08th of the current year.
CVNA Trading at 51.99% 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 -0.52% of loss for the given period.
Volatility was left at 6.69%, however, over the last 30 days, the volatility rate increased by 7.74%, as shares surge +45.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +132.15% upper at present.
During the last 5 trading sessions, CVNA rose by +44.31%, which changed the moving average for the period of 200-days by +118.05% in comparison to the 20-day moving average, which settled at $81.53. In addition, Carvana Co. saw 129.83% 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 BREAUX PAUL W., who sale 15,000 shares at the price of $123.00 back on May 03 ’24. After this action, BREAUX PAUL W. now owns 130,358 shares of Carvana Co., valued at $1,845,000 using the latest closing price.
BREAUX PAUL W., the of Carvana Co., sale 41,400 shares at $119.12 during a trade that took place back on May 02 ’24, which means that BREAUX PAUL W. is holding 130,358 shares at $4,931,569 based on the most recent closing price.
Stock Fundamentals for CVNA
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 0.17 for the gross margin
The net margin for Carvana Co. stands at 0.06. The total capital return value is set at 0.03. Equity return is now at value -78.96, with 8.16 for asset returns.
Based on Carvana Co. (CVNA), the company’s capital structure generated 0.95 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 20.55. The interest coverage ratio of the stock is 0.3.
Currently, EBITDA for the company is 281.0 million with net debt to EBITDA at 17.2. When we switch over and look at the enterprise to sales, we see a ratio of 2.74. The receivables turnover for the company is 9.19for trailing twelve months and the total asset turnover is 1.61. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.54.
Conclusion
In summary, Carvana Co. (CVNA) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others 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.
