Carvana Co. (NYSE: CVNA): Is It A Buying Opportunity Again?

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. The stock was recently discussed on Yahoo Finance as it revealed that Carvana Joins eSTART Coalition as Founding Member.

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Stocks Info

CVNA belongs to the Consumer Cyclical sector of the NYSE while operating in the Auto & Truck Dealerships industry. The current market capitalization of Carvana Co. is $10.28B. A total of 3.88 million shares were traded on the day, compared to an average of 7.05M shares.

In the most recent transaction, JENKINS MARK W. sold 5,000 shares of CVNA for 79.37 per share on Mar 15 ’24. After the transaction, the Chief Financial Officer now owns 183,156 company shares. In a previous transaction on Mar 08 ’24, BREAUX PAUL W. sold 20,000 shares at 89.00 per share. CVNA shares that the insider owns now total 115,032.

Among the insiders who bought shares, PARIKH NEHA acquired of 1,300 shares on Mar 05 ’24 at a per-share price of $76.68. This resulted in the Director holding 59,795 shares of CVNA after the transaction. In another insider transaction, Palmer Stephen R sold 474 shares at $80.62 per share on Mar 04 ’24. Company shares held by the Vice President of Accounting now total 67,514.

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. In terms of 52-week highs and lows, CVNA has a high of $90.48 and a low of $6.70.

As of this writing, CVNA has an earnings estimate of -$0.77 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of -$0.58 per share and a lower estimate of -$1.45. The company reported an EPS of $3.6 in the last quarter, which was 555.70% higher than expectations of -$0.79.

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 $2.13, 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 3.10.

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