On Jan. 05, Garcia Ernest C. II divested U.S. $1,718,548 in shares of Carvana Co.. The 10% sold 6,860 shares at a price per share of $250.52. The transaction decreased this specific insider’s holdings to 79,691,059 shares worth around $19.99 billion at present.
Another 33,140 shares were sold by Garcia Ernest C. II, for more than $8,130,340 in total proceeds. The 10% dumped the shares at a price of $245.33 and the insider now owns almost 79,697,919 shares.
That same day, Garcia Ernest C. II sold 40,000 shares. The 10% divested U.S. $9,380,359 in shares of Carvana Co. at a price per share of $234.51. The transaction decreased this specific insider’s holdings to 79,731,059 shares worth around $19998941529.0 at present.
KeyBanc Capital Markets launched its Carvana Co. [CVNA] rating to the equivalent of an Overweight and assigned the price target of $300, in a research note dated December 17, 2020. That figure represents around a 16.39% premium from where the company’s shares closed on Wednesday. Some new analysts also started their coverage, with KeyBanc Capital Markets’s analysts assigning the shares to “an Overweight” rating in a research note to investors issued in mid December. Meanwhile, Truist had launched its coverage on CVNA with “Buy”, in a research note produced for clients December 15, 2020. In addition, there was a new coverage from Jefferies on December 04, 2020. The research firm rated CVNA “a Buy”.
Is Carvana Co. [NYSE:CVNA] a Good Buy Right Now?
It should be noted that CVNA technical indicators for short, intermediate as well as long term progress have placed an overall average of 80% as Buy. The average signal changed from 88% Buy in the last week and compares with 100% Buy in the past month. Data from Carvana Co.’s Trend Spotter indicated that the signals were Rising. The stock current average is 1.44 million shares in the past 20 days and the short term average signal indicates a 50% Buy. In the last 50 days, the average trading volume was 1.69 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 1.72 million shares.
CVNA Price Performance
On Wall Street, Carvana Co. [NYSE:CVNA] finished Wednesday’s session down -1.86% at $250.83. The stock went up to $257.00 at the same session while its lowest single day price was $243.04. In the last five days, it saw a rise of about 0.13%, Carvana Co. shares gained by almost 4.71% since the beginning of the year. However, the share price has dropped to as low as -14.32% below its one year high. On 01/06/21, the company shares recorded $257.00, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $229.26. The company’s shares have inclined by 175.91% in the past year. The 50-day SMA achieved is $234.59 while the 200-day SMA is $164.73. Volume dropped to 1.4 million from 1.61 million in the previous session.
Carvana Co. [CVNA] Valuation Measures
Notably, Carvana Co. [CVNA] stock can be helpful for investors to consider historical price-sales ratio, more specifically, a 9.26 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 0.73.
CVNA Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 243.58 level, and in case of violation of this particular level, it will cause more drop to 236.33 level. On the upper level, 264.25 is still the key resistance. The stock may increase to the subsequent resistance at 257.54. The Relative Strength Index (RSI) pinned on the 14-day chart is 50.15, implying a neutral technical stance while the MACD stands at -13.05, meaning price will decrease in the next trading period. Percent R indicator moved to 66.03%, implying low price movement. Stochastic %K at 28.82% suggest holding the stock.
What is the short interest in Carvana Co.?
Short interest in the Carvana Co. stock has surged, increasing by 0.63 million shares to total 18.96 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 19.59 million, data from Yahoo Finance shows. The decrease of -3.32% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 35.21% of the overall float for the stock.
Carvana Co.’s Biggest Shareholders: Who Owns Carvana Co. [CVNA]?
Filings by Morgan Stanley Investment Managem showed that the firm now holds a total of 8,554,138 shares or roughly 12.12% of the outstanding CVNA shares. This means their shares have increased by 89,055 from the 8,554,138 the investor reportedly held in its prior 13-F filing. With the conclusion of the purchase, T. Rowe Price Associates, Inc. updated stake is worth $2,079,299,145. Details in the latest 13F filings reveal that Fidelity Management & Research Co disposed off their -25.18% stake valued at $1,748,650,133 while Tiger Global Management LLC cut theirs at $1,504,489,460. During the last quarter, Fidelity Management & Research Co liquidated -2,352,486 of its shares in Carvana Co. The Vanguard Group, Inc.’s holdings currently number 5,721,178 shares at $1435043077.74. According to the firm’s last 13F report, Baillie Gifford & Co. shares in the company at filing stood at 5,691,766 shares, roughly $1,424,136,771.
CVNA Earnings Forecast For The Current Quarter
Carvana Co. [CVNA] is expected to report strong earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $1.59B and an earnings per share of -$0.48 for Dec 2020. Looking further ahead, the company is expected to report revenue of $1.68B at an EPS of -$0.5 for Mar 2021. The estimates represent upside of 47.00% and 44.10% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
CVNA Earnings Estimates For The Current Year
For the financial year, Carvana Co. [NYSE:CVNA] is expected to bring in revenue of $5.35B. The returns are nearly $1.41 billion higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at -2.36, lower than that of FY19 by -$0.08. Estimates put this year’s earnings growth at -3.50%, 44.10% for the next, and at an annual -207.60% over the next 5-year period. As for sales, forecasts are for an increase of 35.90% in the current fiscal year and a further 47.00% over the following year.
What are analyst thoughts on Carvana Co.?
Looking forward to the Carvana Co. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Carvana Co. stock at $250.00 within the next 12 months, which represents almost -0.33 per cent growth from its previous closing price of $250.83. The highest analysts’ target for Carvana Co. stock projections is $314.00 and the lowest one is $80.00. Still, 24 analysts sharing their consensus rating for CVNA stock in 2021 agree that it is an Overweight.