With 1.77 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.05 million shares. During the session, the Auto & Truck Dealerships company that operates in wider Consumer Cyclical sector, reached to the highest price of $256.73 whereas the lowest price it dropped to was $247.5001. The 52-week range on CVNA shows that it touched its highest point at $268.34 and its lowest point at $29.84 during that stretch. It currently has a 1-year price target of $253.44. Beta for the stock currently stands at 3.32.
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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 up-trending over the past week, with a rise of 4.28%, but this was up by 22.15% over a month. Three-month performance surged to 69.89% while six-month performance rose 149.02%. The stock gained 706.36% in the past year, while it has gained 381.62% so far this year. A look at the trailing 12-month EPS for CVNA yields 0.01 with Next year EPS estimates of 2.57. For the next quarter, that number is 0.25. This implies an EPS growth rate of 90.97% for this year and 79.13% for next year.
Float and Shares Shorts:
At present, 128.51 million CVNA shares are outstanding with a float of 115.09 million shares on hand for trading. On 2024-11-15, short shares totaled 13.0 million, which was 1011.9999999999999 higher than short shares on 1728950400. In addition to Mr. Ernest C. Garcia III as the firm’s Co-Founder, President, CEO & Chairman, Mr. Benjamin Huston J.D. serves as its Co-Founder & COO.
Institutional Ownership:
Through their ownership of 0.93200994 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 2024-09-30, CVNA reported revenue of $3655000000.0 and operating income of $337000000.0. The EBITDA in the recently reported quarter was $381000000.0 and diluted EPS was $0.64.
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. With CVNA analysts setting a high price target of 320.0 and a low target of 108.0, the average target price over the next 12 months is 246.306. Based on these targets, CVNA could surge 25.5% to reach the target high and fall by -57.64% to reach the target low. Reaching the average price target will result in a decline of -3.4% from current levels.
Analysts have provided yearly estimates in a range of $1.66685 being high and $1.18532 being low. For CVNA, this leads to a yearly average estimate of $1.43226. The surprise factor in the prior quarter was -$0.12. Based on analyst estimates, the high estimate for the next quarter is $0.63 and the low estimate is $0.28. The average estimate for the next quarter is thus $0.49.
