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The closing price of Carvana Co (NYSE: CVNA) was $248.38 for the day, up 1.59% from the previous closing price of $244.50. In other words, the price has increased by $1.59 from its previous closing price. On the day, 1.52 million shares were traded. CVNA stock price reached its highest trading level at $249.68 during the session, while it also had its lowest trading level at $243.51.
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 36.97 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 96.58. For the most recent quarter (mrq), Quick Ratio is recorded 2.12 and its Current Ratio is at 3.25. In the meantime, Its Debt-to-Equity ratio is 10.22 whereas as Long-Term Debt/Eq ratio is at 9.59.
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, Morgan Stanley on November 05, 2024, Upgraded its rating to Equal-Weight and sets its target price to $260 from $110 previously.
Evercore ISI reiterated its In-line rating for the stock on September 16, 2024, while the target price for the stock was revised from $142 to $157.
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 Nov 11 ’24 when JENKINS MARK W. sold 20,000 shares for $250.41 per share. The transaction valued at 5,008,122 led to the insider holds 150,732 shares of the business.
JENKINS MARK W. sold 20,000 shares of CVNA for $4,905,200 on Nov 08 ’24. The Chief Financial Officer now owns 170,732 shares after completing the transaction at $245.26 per share. On Nov 11 ’24, another insider, GILL DANIEL J., who serves as the Chief Product Officer of the company, sold 11,000 shares for $250.16 each. As a result, the insider received 2,751,760 and left with 236,267 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 29047296000 and an Enterprise Value of 36469387264. As of this moment, Carvana’s Price-to-Earnings (P/E) ratio for their current fiscal year is 29569.05, and their Forward P/E ratio for the next fiscal year is 96.81. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.11 while its Price-to-Book (P/B) ratio in mrq is 51.40. Its current Enterprise Value per Revenue stands at 2.906 whereas that against EBITDA is 36.18.
Stock Price History:
Over the past 52 weeks, CVNA has reached a high of $259.39, while it has fallen to a 52-week low of $29.84. The 50-Day Moving Average of the stock is 23.20%, while the 200-Day Moving Average is calculated to be 89.79%.
Shares Statistics:
CVNA traded an average of 2.95M shares per day over the past three months and 1957790 shares per day over the past ten days. A total of 128.51M shares are outstanding, with a floating share count of 115.09M. Insiders hold about 10.44% of the company’s shares, while institutions hold 85.66% stake in the company. Shares short for CVNA as of 1730332800 were 13379658 with a Short Ratio of 4.54, compared to 1727654400 on 14548313. Therefore, it implies a Short% of Shares Outstanding of 13379658 and a Short% of Float of 12.25.
