Carvana Co. [CVNA] Is Currently 1.46 below its 200 Period Moving Avg: What Does This Mean?

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Carvana Co. [NYSE: CVNA] closed the trading session at $200.22.

The stocks have a year to date performance of 278.20 percent and weekly performance of 4.32 percent. The stock has been moved at 158.35 percent over the last six months. The stock has performed 18.02 percent around the most recent 30 days and changed 50.71 percent over the most recent 3-months.

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If compared to the average trading volume of 3.33M shares, CVNA reached to a volume of 2917968 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 $174.40 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 2.52. 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.

BofA Securities have made an estimate for Carvana Co. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 17, 2024. While these analysts kept the previous recommendation, Evercore ISI raised their target price from $142 to $157. The new note on the price target was released on September 16, 2024, representing the official price target for Carvana Co. stock. Previously, the target price had yet another raise to $190, while Stephens analysts kept a Overweight rating on CVNA stock.

The Average True Range (ATR) for Carvana Co. is set at 6.68, with the Price to Sales ratio for CVNA stock in the period of the last 12 months amounting to 2.12. The Price to Book ratio for the last quarter was 46.08, with the Price to Cash per share for the same quarter was set at 8.30. Price to Free Cash Flow for CVNA in the course of the last twelve months was 33.59 with Quick ratio for the last quarter at 2.02.

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 4.32. With this latest performance, CVNA shares gained by 18.02% in over the last four-week period, additionally plugging by 158.35% over the last 6 months – not to mention a rise of 532.01% 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 76.45, with the RSI for the last a single of trading hit 80.83, and the three-weeks RSI is set at 72.55 for Carvana Co. [CVNA]. The present Moving Average for the last 50 days of trading for this stock 167.03, while it was recorded at 195.54 for the last single week of trading, and 111.83 for the last 200 days.

Carvana Co. [CVNA]: An insightful look at the core fundamentals

Carvana Co.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.02 and a Current Ratio set at 3.11.

Carvana Co. [CVNA]: Institutional Ownership

There are presently around $94.53%, or 99.86%% of CVNA stock, in the hands of institutional investors. The top three institutional holders of CVNA stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 12.05 million shares, which is approximately 10.1349%. VANGUARD GROUP INC, holding 9.97 million shares of the stock with an approximate value of $$1.28 billion in CVNA stocks shares; and VANGUARD GROUP INC, currently with $$840.66 million in CVNA stock with ownership which is approximately 5.4914%.