Carvana Co. (NYSE: CVNA) closed the day trading at $82.67 down -1.40% from the previous closing price of $83.84. In other words, the price has decreased by -$1.17 from its previous closing price. On the day, 2043809 shares were traded.
Ratios:
For a better understanding of CVNA, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.01 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.43. 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 Apr 02 ’24 when GILL DANIEL J. sold 10,335 shares for $82.85 per share. The transaction valued at 856,234 led to the insider holds 392,038 shares of the business.
GARCIA ERNEST C. III sold 9,390 shares of CVNA for $777,764 on Apr 02 ’24. The Chief Executive Officer now owns 861,458 shares after completing the transaction at $82.83 per share. On Apr 02 ’24, another insider, JENKINS MARK W., who serves as the Chief Financial Officer of the company, sold 9,296 shares for $82.94 each. As a result, the insider received 771,022 and left with 168,860 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 9.63B and an Enterprise Value of 15.44B. As of this moment, Carvana’s Price-to-Earnings (P/E) ratio for their current fiscal year is 111.34. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.89 while its Price-to-Book (P/B) ratio in mrq is 38.86. Its current Enterprise Value per Revenue stands at 1.43 whereas that against EBITDA is 13.33.
Stock Price History:
Over the past 52 weeks, CVNA has reached a high of $94.04, while it has fallen to a 52-week low of $6.70. The 50-Day Moving Average of the stock is 69.09, while the 200-Day Moving Average is calculated to be 47.32.
Shares Statistics:
Over the past 3-months, CVNA traded about 6.51M shares per day on average, while over the past 10 days, CVNA traded about 3.22M shares per day. A total of 114.24M shares are outstanding, with a floating share count of 96.28M. Insiders hold about 17.20% of the company’s shares, while institutions hold 98.05% stake in the company. Shares short for CVNA as of Mar 15, 2024 were 29.43M with a Short Ratio of 4.52, compared to 33.33M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 25.31% and a Short% of Float of 36.96%.
Earnings Estimates
Current recommendations for the stock of the company come from 14 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.
