Are Things Looking Up For Carvana Co. (NYSE: CVNA)?

After Hours

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. Yahoo Finance discussed the stock recently as it posted Carvana Brings Same Day Vehicle Delivery to Oklahoma City.

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Stocks Info

The company is listed on the NYSE and operates within the Auto & Truck Dealerships industry segment. At the end of the last regular session, the stock closed at $52.39 and fluctuated between $52.56 as its day high and $47.54 as its day low. The current market capitalization of Carvana Co. is $5.97B. A total of 8.13 million shares were traded on the day, compared to an average of 8.18M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, CVNA has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 23 BUYs and 83 SELLs from insiders. Insiders purchased 917,206 shares during that period but sold 197,654.

In the most recent transaction, Palmer Stephen R sold 406 shares of CVNA for 40.97 per share on Feb 02. After the transaction, the Vice President of Accounting now owns 68,702 company shares. In a previous transaction on Jan 02, Palmer Stephen R sold 4,515 shares at 49.57 per share. CVNA shares that Vice President of Accounting owns now total 69,108.

Among the insiders who sold shares, BREAUX PAUL W. disposed of 20,000 shares on Dec 19 at a per-share price of $59.00. This resulted in the insider holding 144,819 shares of CVNA after the transaction. In another insider transaction, BREAUX PAUL W. sold 20,000 shares at $49.00 per share on Sep 11. Company shares held by the insider now total 165,174.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for CVNA in the last 3 months, the mean price target is $38.82 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 $6.45.

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 equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on 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 may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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.

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