After finishing at $78.88 in the prior trading day, Carvana Co. (NYSE: CVNA) closed at $86.42, up 9.56%. In other words, the price has increased by $+7.54 from its previous closing price. On the day, 6650982 shares were traded.
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Ratios:
Our goal is to gain a better understanding of CVNA by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.47 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.03. For the most recent quarter (mrq), Quick Ratio is recorded 1.41 and its Current Ratio is at 2.16. In the meantime, Its Debt-to-Equity ratio is 27.94 whereas as Long-Term Debt/Eq ratio is at 24.07.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Jefferies on March 12, 2024, Upgraded its rating to Hold and sets its target price to $85 from $30 previously.
On March 08, 2024, RBC Capital Mkts Upgraded its rating to Sector Perform which previously was Underperform and also upped its target price recommendation from $45 to $90.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 15 ’24 when JENKINS MARK W. sold 5,000 shares for $79.37 per share. The transaction valued at 396,850 led to the insider holds 183,156 shares of the business.
BREAUX PAUL W. sold 20,000 shares of CVNA for $1,780,000 on Mar 08 ’24. The insider now owns 115,032 shares after completing the transaction at $89.00 per share. On Mar 05 ’24, another insider, PARIKH NEHA, who serves as the Director of the company, bought 1,300 shares for $76.68 each. As a result, the insider paid 99,684 and bolstered with 59,795 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CVNA now has a Market Capitalization of 10.05B and an Enterprise Value of 15.86B. As of this moment, Carvana’s Price-to-Earnings (P/E) ratio for their current fiscal year is 116.39. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.93 while its Price-to-Book (P/B) ratio in mrq is 40.63. Its current Enterprise Value per Revenue stands at 1.47 whereas that against EBITDA is 13.68.
Stock Price History:
Over the past 52 weeks, CVNA has reached a high of $90.48, while it has fallen to a 52-week low of $6.70. The 50-Day Moving Average of the stock is 59.09, while the 200-Day Moving Average is calculated to be 43.44.
Shares Statistics:
The stock has traded on average 7.49M shares per day over the past 3-months and 5.67M shares per day over the last 10 days, according to various share statistics. A total of 114.24M shares are outstanding, with a floating share count of 96.31M. Insiders hold about 17.18% of the company’s shares, while institutions hold 98.05% stake in the company. Shares short for CVNA as of Feb 29, 2024 were 33.5M with a Short Ratio of 4.47, compared to 33.48M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 28.81% and a Short% of Float of 42.08%.
Earnings Estimates
Its stock is currently analyzed by 14 different market analysts. On average, analysts expect EPS of -$0.77 for the current quarter, with a high estimate of -$0.58 and a low estimate of -$1.45, while EPS last year was -$1.51. The consensus estimate for the next quarter is -$0.73, with high estimates of -$0.3 and low estimates of -$1.64.
Analysts are recommending an EPS of between -$1.84 and -$6.12 for the fiscal current year, implying an average EPS of -$3.1. EPS for the following year is -$2.46, with 15 analysts recommending between -$1.42 and -$5.39.
Revenue Estimates
A total of 19 analysts have provided revenue estimates for CVNA’s current fiscal year. The highest revenue estimate was $12.11B, while the lowest revenue estimate was $10.5B, resulting in an average revenue estimate of $11.12B. In the same quarter a year ago, actual revenue was $10.77B, up 3.30% from the average estimate. Based on 19 analysts’ estimates, the company’s revenue will be $12.78B in the next fiscal year. The high estimate is $15.04B and the low estimate is $11.15B. The average revenue growth estimate for next year is up 14.90% from the average revenue estimate for this year.
