Carvana Co. [NYSE: CVNA] stock went on an upward path that rose over 1.07% on Monday, amounting to a one-week price increase of more than 46.81%.
Over the last 12 months, CVNA stock rose by 1607.92%. The one-year Carvana Co. stock forecast points to a potential downside of -24.05. The average equity rating for CVNA stock is currently 2.96, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $14.30 billion, with 114.24 million shares outstanding and 96.44 million shares in the current float. Compared to the average trading volume of 6.62M shares, CVNA stock reached a trading volume of 7052592 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $99.13 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 2.96. 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 Overweight, with their previous recommendation back on May 02, 2024. While these analysts kept the previous recommendation, Jefferies raised their target price from $30 to $85. The new note on the price target was released on March 12, 2024, representing the official price target for Carvana Co. stock. Previously, the target price had yet another raise from $45 to $90, while RBC Capital Mkts kept a Sector Perform rating on CVNA stock.
The Average True Range (ATR) for Carvana Co. is set at 7.47, with the Price to Sales ratio for CVNA stock in the period of the last 12 months amounting to 1.27. The Price to Book ratio for the last quarter was 49.60, with the Price to Cash per share for the same quarter was set at 6.15. Price to Free Cash Flow for CVNA in the course of the last twelve months was 15.94 with Quick ratio for the last quarter at 1.62.
CVNA Stock Performance Analysis:
Carvana Co. [CVNA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 46.81. With this latest performance, CVNA shares gained by 46.67% in over the last four-week period, additionally plugging by 311.00% over the last 6 months – not to mention a rise of 1607.92% 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 83.79, with the RSI for the last a single of trading hit 90.33, and the three-weeks RSI is set at 78.57 for Carvana Co. [CVNA]. The present Moving Average for the last 50 days of trading for this stock 82.51, while it was recorded at 106.23 for the last single week of trading, and 52.48 for the last 200 days.
Insight into Carvana Co. Fundamentals:
Carvana Co.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.62 and a Current Ratio set at 2.54.
Carvana Co. [CVNA] Institutonal Ownership Details
The top three institutional holders of CVNA stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in CVNA stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in CVNA stock with ownership which is approximately 5.8386%.
