Compared to others, Carvana Co. (CVNA) is in a different league with regards to profitability, having net margins of -2.8%. To put some perspective around this, the industry’s average net margin is 3.93%. Also, it is trading at rather expensive levels at just over 15.74x price/book and 3.69x price/sales. CVNA’s ROE is -90.9%, which is also considerably worse than the industry’s ROE of 21.85%. It’s also very liquid in the near term, with a current ratio of 2. The stock has a debt/capital of 9.42.
CVNA’s 50 day simple moving average (SMA 50) price is $46.45 and its 200-day simple moving average (SMA 200) price is $39.64. The company’s stock currently has a total float of 35.26M shares. Its weekly volatility is hovering around 9.57% and felt 8.61% volatility in price over a month. On the upside, the share price will test short term resistance at around $39.78. On a downside, the stock is likely to find some support, which begins at $37.48. The failure to get near-term support could push it to $36.56.
Separately, it has been reported that multiple insider activity took place at Carvana Co. (CVNA). 10% Owner Garcia Ernest C. Ii sold 36,940 shares for $89,166,422 in transaction occurred on 2018/11/30. After making this transaction, the 10% Owner owns a direct stake of 1,707,367 shares, worth $3,420,000,000, as per the last closing price. On 2018/11/29 Garcia Ernest C. Ii, 10% Owner at CVNA, dumped 203,534 shares at an average price of $47 per share. The selling total is valued at $3,430,000,000.
10% Owner, Garcia Ernest C. Ii had divested 86,924 shares for $89,406,896 through a trade on 2018/11/27. Following this activity, the insider holds 3,961,127 shares worth $3,430,000,000 as of recent close. Wall Street’s most bullish Carvana Co. (NYSE:CVNA) analysts are predicting the share price to blow past $77 per share during the next 12 months. The current median share price forecast by them is $67, suggesting that the stock could increase 74.48% in that time frame. The average price target of $64.83 calls for a nearly 68.83% increase in the stock price.
It had seen a change in price target from analysts at BofA/Merrill, who reiterated the stock at Buy on November 08 but moved PT from $60 to $72. Analysts at Wolfe Research, started covering the stock on October 02 with a Outperform rating. Brokerage firm B. Riley FBR, looks cautious as they stick to prior recommendation of Buy, in a call on August 09. However, they did change the target price from $38 to $76. B. Riley FBR, Inc. analysts came out with bullish views on May 10 when the call was made. They think the stock is now Buy compared to to their prior call for Sell.
Carvana Co. (NYSE:CVNA) reached $6.04B by 04-December-18 in the wake of -10.41% downturn. The shares gained some momentum after bears carried it down to $37.94. The final price for the day of 38.4 was still down from $40.2399. The stock remained range bound between $37.94 and $40.2399. Trading activity significantly improved as the volume at ready counter increased to 4,101,939 shares versus 1,774,435 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 1,084,791 shares. The stock is now 139.7% above against its bear-market low of $16.02 on March 07, 2018. It has retreated -89.04% since it’s 52-week high of $72.59 reached in September. Now the market price is up 90% on the year and up 100.84% YTD.
Shares of Carvana Co. (CVNA) have dropped -7.2% since the company’s last earnings report. Over the past 7 fiscal quarters, Carvana Co. (NYSE:CVNA) has topped consensus earnings estimates in 2 quarters (28%), missed earnings in 4 quarters (57%), whereas at 1 occasion EPS met analyst expectations. CVNA last reported earnings on November 07, 2018 when it released Sep-18 results that receded expectations. The company raked in -$0.4 per share, -94.24% change on the same period last year. That was worse than consensus for -$0.37. Revenue for the recent quarter stood at $534.92 million, up 137% on last year and above the $509.7 million predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $596 million to $621 million, which should be compared with $640.75 million generated last year. EPS is seen in a range of -$0.53 to -$0.45, against the -$0.14 reported a year ago.