With 5.1 million shares changed hands, the volume of the stock remained lighter than its average volume of 6.61 million shares. During the session, the Auto & Truck Dealerships company that operates in wider Consumer Cyclical sector, reached to the highest price of $124.27 whereas the lowest price it dropped to was $116.4. The 52-week range on CVNA shows that it touched its highest point at $129.00 and its lowest point at $8.86 during that stretch. It currently has a 1-year price target of $97.47. Beta for the stock currently stands at 3.32.
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 up-trending over the past week, with a rise of 40.69%, but this was up by 41.12% over a month. Three-month performance surged to 142.08% while six-month performance rose 261.40%. The stock gained 1202.01% in the past year, while it has gained 120.36% so far this year. A look at the trailing 12-month EPS for CVNA yields 2.48 with Next year EPS estimates of -0.28. For the next quarter, that number is -0.50. This implies an EPS growth rate of -199.43% for this year and 62.93% for next year.
Float and Shares Shorts:
At present, 114.24 million CVNA shares are outstanding with a float of 96.44 million shares on hand for trading. On 2024-04-15, short shares totaled 28.57 million, which was 2451.0 higher than short shares on 1710460800. In addition to Mr. Ernest C. Garcia III as the firm’s Co-Founder, President, CEO & Chairman, Mr. Benjamin Huston serves as its Co-Founder & COO.
Institutional Ownership:
Through their ownership of 1.0627999 of CVNA’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-03-31, CVNA reported revenue of $3061000000.0 and operating income of $134000000.0. The EBITDA in the recently reported quarter was $303000000.0 and diluted EPS was $0.23.
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.
