After Hours
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Earlier, Yahoo Finance discussed this stock as it revealed Carvana Announces Top-Selling Electric Vehicles of 2023.
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Stocks Info
CVNA belongs to the Consumer Cyclical sector of the NYSE while operating in the Auto & Truck Dealerships industry. At the end of the last regular session, the stock closed at $45.54 and fluctuated between $49.22 as its day high and $45.17 as its day low. The current market capitalization of Carvana Co. is $5.19B. A total of 6.03 million shares were traded on the day, compared to an average of 8.72M shares.
Insider Activity
Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, CVNA has seen 0 BUY and 8 SELL insider trades, representing the acquisition of 0 and the disposition of 1,026 shares. Over the last 12 months, there were 24 BUYs and 91 SELLs from insiders. Insiders purchased 981,584 shares during that period but sold 198,573.
In the most recent transaction, Palmer Stephen R sold 4,515 shares of CVNA for 49.57 per share on Jan 02. After the transaction, the Vice President of Accounting now owns 69,108 company shares. In a previous transaction on Dec 19, BREAUX PAUL W. sold 20,000 shares at 59.00 per share. CVNA shares that the insider owns now total 144,819.
Among the insiders who sold shares, BREAUX PAUL W. disposed of 20,000 shares on Sep 11 at a per-share price of $49.00. This resulted in the insider holding 165,174 shares of CVNA after the transaction.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for CVNA in the last 3 months, the mean price target is $39.06 with high estimates of $62.00 and low estimates of $15.00. In terms of 52-week highs and lows, CVNA has a high of $62.59 and a low of $6.08.
As of this writing, CVNA has an earnings estimate of -$0.9 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of -$0.32 per share and a lower estimate of -$2.18. The company reported an EPS of -$0.55 in the last quarter, which was 52.20% higher than expectations of -$1.15.
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. 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 $2.97, while its Total Shareholder’s Equity was $525.00M.
Analysts Opinion
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. Currently, 0 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 Buy with a score of 2.86.
