Carvana Co. [CVNA] Revenue clocked in at $14.52 billion, down -94.87% YTD: What’s Next?

Carvana Co. [NYSE: CVNA] surged by $1.89 during the normal trading session on Friday and reaching a high of $11.90 during the day while it closed the day at $11.88. 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.

Carvana Co. stock has also gained 35.62% of its value over the past 7 days. However, CVNA stock has declined by -76.71% in the 3 months of the year. Over the past six months meanwhile, it has lost -68.99% and lost -94.87% year-on date.

The market cap for CVNA stock reached $1.89 billion, with 105.86 million shares outstanding and 95.90 million shares in the current float. Compared to the average trading volume of 12.82M shares, CVNA reached a trading volume of 34198667 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 $28.32 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 2.60. 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 2.18, with the Price to Sales ratio for CVNA stock in the period of the last 12 months amounting to 0.13. The Price to Book ratio for the last quarter was 4.59, with the Price to Cash per share for the same quarter was set at 5.04.

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 35.62. With this latest performance, CVNA shares dropped by -37.04% in over the last four-week period, additionally sinking by -68.99% over the last 6 months – not to mention a drop of -95.85% 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 41.76, with the RSI for the last a single of trading hit 47.20, and the three-weeks RSI is set at 39.93 for Carvana Co. [CVNA]. The present Moving Average for the last 50 days of trading for this stock 21.59, while it was recorded at 8.84 for the last single week of trading, and 58.74 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 1.00 and a Current Ratio set at 2.40.

Carvana Co. [CVNA]: Insider Ownership positions

There are presently around $1,494 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 $168.03 million in CVNA stocks shares; and FMR LLC, currently with $109.74 million in CVNA stock with ownership of nearly 63.227% 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 183 institutional holders increased their position in Carvana Co. [NYSE:CVNA] by around 40,499,903 shares. Additionally, 157 investors decreased positions by around 23,081,689 shares, while 40 investors held positions by with 62,190,285 shares. The mentioned changes placed institutional holdings at 125,771,877 shares, according to the latest SEC report filing. CVNA stock had 46 new institutional investments in for a total of 5,988,300 shares, while 91 institutional investors sold positions of 6,927,975 shares during the same period.


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