With 5.88 million shares changed hands, the volume of the stock remained heavier than its average volume of 5.21 million shares. The 52-week range on CVNA shows that it touched its highest point at $293.62 and its lowest point at $97.55 during that stretch. It currently has a 1-year price target of $294.56. Beta for the stock currently stands at 3.61.
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 13.23%, but this was up by 42.12% over a month. Three-month performance surged to 8.08% while six-month performance rose 21.39%. The stock gained 143.39% in the past year, while it has gained 44.11% so far this year. A look at the trailing 12-month EPS for CVNA yields 2.86 with Next year EPS estimates of 5.81. For the next quarter, that number is 1.08. This implies an EPS growth rate of 138.65% for this year and 26.47% for next year.
Float and Shares Shorts:
At present, 134.40 million CVNA shares are outstanding with a float of 122.68 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CVNA since 25 analysts follow the stock currently. There are 12 analysts who recommend BUY ratings, while 2 suggest SELL ratings. Of the remaining analysts, 11 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $1.81274 being high and $1.36906 being low. For CVNA, this leads to a yearly average estimate of $1.58456.
