Market Analysts see Carvana Co. [CVNA] gaining to $20. Time to buy?

Carvana Co. [NYSE: CVNA] traded at a low on 11/04/22, posting a -38.95 loss after which it closed the day’ session at $8.76. The company report on November 3, 2022 that Carvana Announces Third Quarter 2022 Results.

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Retail Units Sold of 102,570 a decrease of 8% YoY.

The results of the trading session contributed to over 70718598 shares changing hands. Over the past one week, the price volatility of Carvana Co. stands at 21.72% while the volatility over the past one month is 14.08%.

The market cap for CVNA stock reached $1.46 billion, with 101.45 million shares outstanding and 95.75 million shares in the current float. Compared to the average trading volume of 10.79M shares, CVNA reached a trading volume of 70718598 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 $32.17 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.

JP Morgan have made an estimate for Carvana Co. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 01, 2022. While these analysts kept the previous recommendation, Wedbush dropped their target price from $50 to $15. The new note on the price target was released on October 18, 2022, representing the official price target for Carvana Co. stock. Previously, the target price had yet another drop from $98 to $73, while Piper Sandler kept a Overweight rating on CVNA stock.

The Average True Range (ATR) for Carvana Co. is set at 2.38, with the Price to Sales ratio for CVNA stock in the period of the last 12 months amounting to 0.10. The Price to Book ratio for the last quarter was 1.65, with the Price to Cash per share for the same quarter was set at 8.62.

How has CVNA stock performed recently?

Carvana Co. [CVNA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -39.54. With this latest performance, CVNA shares dropped by -58.54% in over the last four-week period, additionally sinking by -81.15% over the last 6 months – not to mention a drop of -97.09% 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 27.77, with the RSI for the last a single of trading hit 24.63, and the three-weeks RSI is set at 31.12 for Carvana Co. [CVNA]. The present Moving Average for the last 50 days of trading for this stock 24.07, while it was recorded at 13.08 for the last single week of trading, and 62.14 for the last 200 days.

Carvana Co. [CVNA]: Deeper insight into the 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.

Insider trade positions for Carvana Co. [CVNA]

There are presently around $1,090 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 20,100,843, which is approximately 49.673% of the company’s market cap and around 4.40% of the total institutional ownership; BAILLIE GIFFORD & CO, holding 14,144,058 shares of the stock with an approximate value of $123.9 million in CVNA stocks shares; and VANGUARD GROUP INC, currently with $77.86 million in CVNA stock with ownership of nearly 21.798% of the company’s market capitalization.

Positions in Carvana Co. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 189 institutional holders increased their position in Carvana Co. [NYSE:CVNA] by around 40,812,466 shares. Additionally, 163 investors decreased positions by around 25,823,822 shares, while 41 investors held positions by with 57,838,166 shares. The mentioned changes placed institutional holdings at 124,474,454 shares, according to the latest SEC report filing. CVNA stock had 48 new institutional investments in for a total of 7,398,349 shares, while 98 institutional investors sold positions of 6,063,070 shares during the same period.


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