Prepare Yourself for Liftoff: Carvana Co. (CVNA)

With 3.08 million shares changed hands, the volume of the stock remained lighter than its average volume of 6.74 million shares. During the session, the Auto & Truck Dealerships company that operates in wider Consumer Cyclical sector, reached to the highest price of $85.16 whereas the lowest price it dropped to was $81.43. The 52-week range on CVNA shows that it touched its highest point at $94.04 and its lowest point at $6.70 during that stretch. It currently has a 1-year price target of $62.69. Beta for the stock currently stands at 3.30.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CVNA was down-trending over the past week, with a drop of -6.27%, but this was down by -0.11% over a month. Three-month performance surged to 56.54% while six-month performance rose 97.40%. The stock gained 838.51% in the past year, while it has gained 56.54% so far this year. A look at the trailing 12-month EPS for CVNA yields 0.74 with Next year EPS estimates of -2.04. For the next quarter, that number is -0.69. This implies an EPS growth rate of -481.45% for this year and 28.68% for next year.

Float and Shares Shorts:

At present, 114.24 million CVNA shares are outstanding with a float of 96.28 million shares on hand for trading. On Mar 15, 2024, short shares totaled 29.43 million, which was 25.31% higher than short shares on Feb 15, 2024. In addition to CVNA as the firm’s Carvana Co., CDNA serves as its CareDx, Inc.

Institutional Ownership:

Through their ownership of 106.05% of CVNA’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CVNA since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.