Is Carvana Co. (NYSE: CVNA) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Carvana Co. (CVNA) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$3.66, or -11.94%, to $27. Volume reached 104,429 shares, with price reaching a high of $27.35 and a low of $26.75. Yahoo Finance discussed the stock recently as it posted Carvana Continues Rolling out New Co-Signer Financing in Nashville.


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Stocks Info

This NYSE-listed company operates within the Internet Retail industry segment, falling under the Consumer Cyclical sector. At the end of the last regular session, the stock closed at $26.97 and fluctuated between $30.82 as its day high and $26.85 as its day low. The current market capitalization of Carvana Co. is $5.72B. A total of 9.13 million shares were traded on the day, compared to an average of 10.46M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, CVNA has seen 0 BUY and 17 SELL insider trades, representing the acquisition of 0 and the disposition of 3,624 shares. Over the last 12 months, there were 38 BUYs and 107 SELLs from insiders. Insiders purchased 4,062,756 shares during that period but sold 152,150.

In the most recent transaction, GILL DANIEL J. bought 94,000 shares of CVNA for 21.77 per share on Jun 15. After the transaction, the Chief Product Officer now owns 131,023 company shares. In a previous transaction on Jun 13, GARCIA ERNEST C. II bought 1,191,468 shares at 20.67 per share. CVNA shares that 10% Owner owns now total 2,578,314.

Among the insiders who bought shares, GARCIA ERNEST C. II acquired of 793,790 shares on Jun 10 at a per-share price of $21.95. This resulted in the 10% Owner holding 1,386,846 shares of CVNA after the transaction. In another insider transaction, BREAUX PAUL W. bought 10,000 shares at $21.85 per share on Jun 10. Company shares held by the now total 103,149.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for CVNA in the last 3 months, the mean price target is $56.35 with high estimates of $100.00 and low estimates of $15.00. In terms of 52-week highs and lows, CVNA has a high of $328.97 and a low of $19.45.

As of this writing, CVNA has an earnings estimate of $-1.83 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $-0.68 per share and a lower estimate of $-3.13. The company reported an EPS of $-2.35 in the last quarter, which was -29.83% lower than expectations of $-1.81.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. CVNA’s latest balance sheet shows that the firm has $403.00M in Cash & Short Term Investments as of fiscal 2021. There were $5.77B in debt and $2.89B in liabilities at the time. Its Book Value Per Share was $5.31, while its Total Shareholder’s Equity was $525.00M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 28 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CVNA is Sell with a score of 3.74. A total of 10 analysts rated the stock as Buy while 1 rated it as Overweight while 15 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 2 thought it should be Sold.

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