Carvana Co. [NYSE: CVNA] gained 1.08% or 2.31 points to close at $216.96 with a heavy trading volume of 1167034 shares.
It opened the trading session at $221.86, the shares rose to $223.84 and dropped to $214.66, the range by which the price of stock traded the whole day. The daily chart for CVNA points out that the company has recorded 271.00% gains over the past six months. However, it is still -879.06% lower than its most recent low trading price.
If we look at the average trading volume of 1.90M shares, CVNA reached to a volume of 1167034 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Carvana Co. [CVNA]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CVNA shares is $199.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CVNA stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Exane BNP Paribas have made an estimate for Carvana Co. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on October 05, 2020. The new note on the price target was released on October 02, 2020, representing the official price target for Carvana Co. stock. Previously, the target price had yet another raise from $209 to $265, while Piper Sandler kept a Overweight rating on CVNA stock. On September 23, 2020, analysts increased their price target for CVNA shares from 190 to 230.
The Average True Range (ATR) for Carvana Co. is set at 15.56, with the Price to Sales ratio for CVNA stock in the period of the last 12 months amounting to 8.96. The Price to Book ratio for the last quarter was 33.79, with the Price to Cash per share for the same quarter was set at 3.31.
Trading performance analysis for CVNA stock
Carvana Co. [CVNA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.73. With this latest performance, CVNA shares gained by 19.87% in over the last four-week period, additionally plugging by 271.00% over the last 6 months – not to mention a rise of 226.80% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CVNA stock in for the last two-week period is set at 55.14, with the RSI for the last a single of trading hit 54.11, and the three-weeks RSI is set at 56.12 for Carvana Co. [CVNA]. The present Moving Average for the last 50 days of trading for this stock 196.27, while it was recorded at 223.48 for the last single week of trading, and 118.67 for the last 200 days.
Carvana Co. [CVNA]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Carvana Co. [CVNA] shares currently have an operating margin of -7.11 and a Gross Margin at +11.85. Carvana Co.’s Net Margin is presently recorded at -2.91.
Return on Total Capital for CVNA is now -20.90, given the latest momentum, and Return on Invested Capital for the company is -14.37. Return on Equity for this stock declined to -133.70, with Return on Assets sitting at -7.52. When it comes to the capital structure of this company, Carvana Co. [CVNA] has a Total Debt to Total Equity ratio set at 1,660.92. Additionally, CVNA Total Debt to Total Capital is recorded at 94.32, with Total Debt to Total Assets ending up at 79.19. Long-Term Debt to Equity for the company is recorded at 1,018.36, with the Long-Term Debt to Total Capital now at 57.83.
Reflecting on the efficiency of the workforce at the company, Carvana Co. [CVNA] managed to generate an average of -$15,655 per employee. Receivables Turnover for the company is 16.94 with a Total Asset Turnover recorded at a value of 2.58.Carvana Co.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.50 and a Current Ratio set at 4.20.
Carvana Co. [CVNA]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Carvana Co. posted -0.56/share EPS, while the average EPS was predicted by analysts to be reported at -0.4/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -40.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CVNA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Carvana Co. go to 30.50%.
An analysis of insider ownership at Carvana Co. [CVNA]
There are presently around $18,402 million, in the hands of institutional investors. The top three institutional holders of CVNA stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 12,796,636, which is approximately -1.58% of the company’s market cap and around 1.00% of the total institutional ownership; FMR LLC, holding 9,620,470 shares of the stock with an approximate value of $2.09 billion in CVNA stocks shares; and MORGAN STANLEY, currently with $1.86 billion in CVNA stock with ownership of nearly 12.945% of the company’s market capitalization.
Positions in Carvana Co. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 166 institutional holders increased their position in Carvana Co. [NYSE:CVNA] by around 11,296,346 shares. Additionally, 108 investors decreased positions by around 13,103,705 shares, while 32 investors held positions by with 60,416,354 shares. The mentioned changes placed institutional holdings at 84,816,405 shares, according to the latest SEC report filing. CVNA stock had 82 new institutional investments in for a total of 4,650,059 shares, while 31 institutional investors sold positions of 1,067,387 shares during the same period.