Carvana Co. (NYSE:CVNA) traded at $80.79 at close of the session on Monday, March 18, made an upward move of 1.52% on its previous day’s price.
Looking at the stock we see that its previous close was $79.58 and the beta (5Y monthly) reads 3.32 . The company has a trailing 12-month PE ratio of 108.81. In terms of its 52-week price range, CVNA has a high of $90.48 and a low of $6.63. The company’s stock has gained about 40.21% over that past 30 days.
Carvana Co. has a market cap of $9.39 billion and is expected to release its quarterly earnings report on May 02, 2024 – May 06, 2024. Estimates by analysts give the company expected earnings per share (EPS) of -$0.77, with the EPS growth for the year raised at -$3.1 for 2024 and -$2.46 for next year. These figures represent -513.30% and 20.60% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $2.65 billion, with a low of $2.53 billion and a high of $2.82 billion. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $11.12 billion, or 3.30% up from figures reported last year.
There have been 1 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the CVNA stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note the current price level is 11.30% off its SMA20 and 41.74% from its 50-day simple moving average. The RSI (14) is pointing at 62.27 while the volatility over the past week is 6.96% and jumps to 8.44% over the past one month. The beta value is 3.31, while the average true range (ATR) is currently pointing at 5.98.
Coming back to Carvana Co. (NYSE:CVNA), we note that the average 3-month trading volume was 7.89 million, while that of the preceding 10-day period stands at 5.48 million. Current shares outstanding are 114.24 million.
The insiders hold 17.18% of the company’s shares while institutions hold 98.05%. The data shows that short shares as of Feb 29, 2024, stood at 33.5 million at a short ratio of 3.65. This represents a 28.81% short interest in shares outstanding on Feb 29, 2024. Shares short rose in February from the previous month at 33.48 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 52.61% up in year-to-date price movement.
