Carvana Co. [NYSE: CVNA] closed the trading session at $46.98 on 08/05/22. The day’s price range saw the stock hit a low of $34.63, while the highest price level was $48.49. The company report on August 4, 2022 that Carvana Announces Second Quarter 2022 Results.
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Retail Units Sold of 117,564, an increase of 9% YoYRevenue of $3.884 Billion, an increase of 16% YoYClosed Acquisition of ADESA U.S.’s Physical Auction Business.
Carvana Co. (NYSE: CVNA), the leading e-commerce platform for buying and selling used cars online, today announced financial results for the quarter ended June 30, 2022. Carvana’s complete second quarter 2022 financial results and management commentary can be found by accessing the Company’s shareholder letter on the quarterly results page of the investor relations website.
The stocks have a year to date performance of -79.73 percent and weekly performance of 61.17 percent. The stock has been moved at -68.03 percent over the last six months. The stock has performed 75.43 percent around the most recent 30 days and changed -3.97 percent over the most recent 3-months.
If compared to the average trading volume of 12.67M shares, CVNA reached to a volume of 46717014 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 $61.20 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 2.50. 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.
RBC Capital Mkts have made an estimate for Carvana Co. shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on August 05, 2022. The new note on the price target was released on July 27, 2022, representing the official price target for Carvana Co. stock. Previously, the target price had yet another raise to $35, while JMP Securities analysts kept a Mkt Outperform rating on CVNA stock. On May 13, 2022, analysts decreased their price target for CVNA shares from 150 to 40.
The Average True Range (ATR) for Carvana Co. is set at 4.19, with the Price to Sales ratio for CVNA stock in the period of the last 12 months amounting to 0.45. The Price to Book ratio for the last quarter was 8.85, with the Price to Cash per share for the same quarter was set at 10.69.
CVNA stock trade performance evaluation
Carvana Co. [CVNA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 61.17. With this latest performance, CVNA shares gained by 75.43% in over the last four-week period, additionally sinking by -68.03% over the last 6 months – not to mention a drop of -86.06% 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 76.18, with the RSI for the last a single of trading hit 84.79, and the three-weeks RSI is set at 66.64 for Carvana Co. [CVNA]. The present Moving Average for the last 50 days of trading for this stock 26.48, while it was recorded at 35.93 for the last single week of trading, and 134.22 for the last 200 days.
Carvana Co. [CVNA]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Carvana Co. [CVNA] shares currently have an operating margin of -0.81 and a Gross Margin at +14.25. Carvana Co.’s Net Margin is presently recorded at -1.05.
Return on Equity for this stock declined to -38.93, with Return on Assets sitting at -2.69.
Carvana Co.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 2.30.
Carvana Co. [CVNA]: Insider Ownership positions
There are presently around $5,069 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 13,429,850, which is approximately -0.07% of the company’s market cap and around 4.40% of the total institutional ownership; FMR LLC, holding 10,438,039 shares of the stock with an approximate value of $490.38 million in CVNA stocks shares; and BAILLIE GIFFORD & CO, currently with $445.51 million in CVNA stock with ownership of nearly -1.791% 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 203 institutional holders increased their position in Carvana Co. [NYSE:CVNA] by around 21,681,740 shares. Additionally, 219 investors decreased positions by around 19,755,246 shares, while 50 investors held positions by with 66,454,054 shares. The mentioned changes placed institutional holdings at 107,891,040 shares, according to the latest SEC report filing. CVNA stock had 60 new institutional investments in for a total of 3,955,575 shares, while 115 institutional investors sold positions of 10,266,887 shares during the same period.