Carvana Co. (NYSE:CVNA) price is hovering lower on Tuesday, April 16, dropping -0.60% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $69.83. The company’s P/E ratio in the trailing 12-month period read 93.48. Taking into account the 52-week price action we note that the stock hit a 52-week high of $94.04 and 52-week low of $6.70. The stock subtracted -12.78% on its value in the past month.
Carvana Co., which has a market valuation of $8.07 billion. Analysts tracking CVNA have forecast the quarterly EPS to shrink by -0.77 per share this quarter, while the same analysts predict the annual EPS to hit -$3.1 for the year 2024 and up to -$2.46 for 2025. In this case, analysts estimate an annual EPS growth of -513.30% for the year and 20.60% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $2.65 billion, with the likely lows of $2.53 billion and highs of $2.82 billion. Staying with the analyst view, there is a consensus estimate of $11.12 billion for the company’s annual revenue in 2024. Per this projection, the revenue is forecast to grow 3.30% above that which the company brought in 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with — upward and — downward reviews. On the technical perspective front, indicators give CVNA a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
The overview shows that CVNA’s price is at present -16.76% off the SMA20 and -4.33% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 35.70, with weekly volatility standing at 6.43%. The indicator jumps to 5.84% when calculated based on the past 30 days. Carvana Co. (NYSE:CVNA)’s beta value is holding at 3.33, while the average true range (ATR) indicator is currently reading 4.96.
An analysis of the Carvana Co. (NYSE:CVNA) stock in terms of its daily trading volume indicates that the 3-month average is 6.36 million.
Current records show that the company has 114.24M in outstanding shares. The insiders’ percentage holdings are 17.20% of outstanding shares while the percentage share held by institutions stands at 98.06%. But the 31.11% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
