Carvana Co. (NYSE: CVNA) is 56.71% higher on its value in year-to-date trading and has touched a low of $6.45 and a high of $83.37 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CVNA stock was last observed hovering at around $75.93 in the last trading session, with the day’s gains setting it 7.03%.
Currently trading at $82.96, the stock is 47.14% and 61.37% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.88 million and changing 9.26% at the moment leaves the stock 114.35% off its SMA200. CVNA registered 831.09% gain for a year compared to 6-month loss of 66.89%. The firm has a 50-day simple moving average (SMA 50) of $1.44 and a 200-day simple moving average (SMA200) of $13.34.
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The stock witnessed a 92.66% gain in the last 1 month and extending the period to 3 months gives it a 159.17%, and is 19.83% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 11.27% over the week and 8.79% over the month.
Carvana Co. (CVNA) has around 13700 employees, a market worth around $9.65B and $10.77B in sales. Current P/E ratio is 111.73. Profit margin for the company is 4.18%. Distance from 52-week low is 1186.20% and -0.49% from its 52-week high. The company has generated returns on investments over the last 12 months (7.39%).
Carvana Co. quarterly earnings per share for the current quarter are estimated at -$0.77 with sales reaching $2.65B over the same period.The EPS is expected to shrink by -491.83% this year, but quarterly earnings will post 3.40% year-over-year.
Carvana Co. (CVNA) Top Institutional Holders
385 institutions hold shares in Carvana Co. (CVNA), with institutional investors hold 118.80% of the company’s shares. The shares outstanding are 114.24M, and float is at 95.94M with Short Float at 34.74%. Institutions hold 106.31% of the Float.
The top institutional shareholder in the company is Morgan Stanley with over 12.97 million shares valued at $336.25 million. The investor’s holdings represent 12.18% of the CVNA Shares outstanding. As of Jun 29, 2023, the second largest holder is Spruce House Investment Management LLC with 10.0 million shares valued at $259.2 million to account for 9.39% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 9.31 million shares representing 8.73% and valued at over $241.19 million, while Greenoaks Capital Partners LLC holds 6.92% of the shares totaling 7.37 million with a market value of $191.03 million.
Carvana Co. (CVNA) Insider Activity
A total of 18 insider transactions have happened at Carvana Co. (CVNA) in the last six months, with sales accounting for 18 and purchases happening 0 times. The most recent transaction is an insider sale by BREAUX PAUL W. SEC filings show that BREAUX PAUL W. sold 15,000 shares of the company’s common stock on Feb 27 at a price of $79.00 per share for a total of $1.19 million. Following the sale, the insider now owns 0.14 million shares.
Carvana Co. disclosed in a document filed with the SEC on Feb 23 that BREAUX PAUL W.sold a total of 15,000 shares of the company’s common stock. The trade occurred on Feb 23 and was made at $69.00 per share for $1.03 million. Following the transaction, the insider now directly holds 0.15 million shares of the CVNA stock.
Still, SEC filings show that on Feb 02, Palmer Stephen R (Vice President of Accounting) disposed off 406 shares at an average price of $40.97 for $16634.0. The insider now directly holds 68,702 shares of Carvana Co. (CVNA).
Carvana Co. (CVNA): Who are the competitors?
The company’s main competitors (and peers) include CarMax Inc. (KMX) that is trading 12.72% up over the past 12 months. OPENLANE Inc. (KAR) that is 11.77% higher over the same period.
