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The closing price of Carvana Co. (NYSE: CVNA) was $145.03 for the day, up 2.07% from the previous closing price of $142.09. In other words, the price has increased by $2.07 from its previous closing price. On the day, 4.34 million shares were traded. CVNA stock price reached its highest trading level at $147.25 during the session, while it also had its lowest trading level at $140.6823.
Ratios:
Our analysis of CVNA’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 23.72 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.91. For the most recent quarter (mrq), Quick Ratio is recorded 1.62 and its Current Ratio is at 2.54. In the meantime, Its Debt-to-Equity ratio is 22.62 whereas as Long-Term Debt/Eq ratio is at 20.65.
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 this company, BTIG Research on July 12, 2024, initiated with a Buy rating and assigned the stock a target price of $155.
On July 10, 2024, Needham Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $160.
JP Morgan Upgraded its Neutral to Overweight on May 02, 2024, whereas the target price for the stock was revised from $70 to $130.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jul 15 ’24 when GARCIA ERNEST C. II sold 75,000 shares for $141.32 per share. The transaction valued at 10,598,946 led to the insider holds 2,465,814 shares of the business.
GARCIA ERNEST C. II sold 37,500 shares of CVNA for $5,123,647 on Jul 12 ’24. The 10% Owner now owns 0 shares after completing the transaction at $136.63 per share. On Jul 12 ’24, another insider, GARCIA ERNEST C. II, who serves as the 10% Owner of the company, sold 37,500 shares for $134.78 each. As a result, the insider received 5,054,229 and left with 2,540,814 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 16960823296 and an Enterprise Value of 22221858816. As of this moment, Carvana’s Price-to-Earnings (P/E) ratio for their current fiscal year is 58.42. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.51 while its Price-to-Book (P/B) ratio in mrq is 58.49. Its current Enterprise Value per Revenue stands at 1.979 whereas that against EBITDA is 41.381.
Stock Price History:
The Beta on a monthly basis for CVNA is 3.37, which has changed by 1.5991039 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, CVNA has reached a high of $144.29, while it has fallen to a 52-week low of $25.09. The 50-Day Moving Average of the stock is 24.50%, while the 200-Day Moving Average is calculated to be 109.56%.
Shares Statistics:
CVNA traded an average of 4.77M shares per day over the past three months and 4041270 shares per day over the past ten days. A total of 114.24M shares are outstanding, with a floating share count of 100.02M. Insiders hold about 14.47% of the company’s shares, while institutions hold 92.38% stake in the company. Shares short for CVNA as of 1719532800 were 21891762 with a Short Ratio of 4.59, compared to 1717113600 on 22716330. Therefore, it implies a Short% of Shares Outstanding of 21891762 and a Short% of Float of 23.040001.
