Carvana (NYSE:CVNA) Upgradedby Wedbush to Outperform

Carvana stock has undergone multiple analysts rating changes in the recent past.  Carvana Upgradedby Wedbush on 10/11/2021. In a note to investors, the firm issued a new rating of Outperform. The analysts previously had rating of Neutral.

Shares of Carvana traded down -$2.88 on friday, reaching $282.43. 1987 shares of the stock traded hands, compared to its average volume of 950799. Shares of Carvana were trading at $282.43 on friday. The firm’s 50 day moving average is $330.78 and its 200 day moving average is $292.51.Carvana has a 12 month low of $282.19 and a 12 month high of $376.83. While on yearly highs and lows, Carvana’s today has traded high as $288.11 and has touched $282.19 on the downward trend. See More Analyst Rating at: RATING

Carvana Earnings and What to expect: 

Carvana last issued its quarterly earnings data on August 5th, 2021. The reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.63. The firm earned $3.34 billion during the quarter, compared to analyst estimates of $2.49 billion. Carvana has generated ($2.11) earnings per share over the last year (($1.17) diluted earnings per share). Earnings for Carvana are expected to grow in the coming year, from ($1.05) to ($0.22) per share. Carvana has confirmed that its next quarterly earnings report will be published on Thursday, November 4th, 2021. Carvana will be holding an earnings conference call on Thursday, November 4th at 5:30 PM Eastern. Interested parties can or dial in at 412-317-0088 with passcode “10161002#”.

Earnings for Carvana are expected to grow in the coming year, from ($1.05) to ($0.22) per share. The P/E ratio of Carvana is -241.39, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Carvana is -241.39, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Carvana has a P/B Ratio of 60.61. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Carvana (NYSE:CVNA) Moving Average Technical Analysis

5 day Moving Average is $286.87 And 5 day price change is -$20.40 (-6.74%)  with average volume for 5 day average is 892,480. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $311.69 and 20 day price change is -$47.29 (-14.34%) and average 20 day moving volume is 1,024,450. 50 day moving average is $330.78  and 50 day price change is -$56.76 ( -16.73%)  and with average volume for 50 days is : 974,348. 200 day moving average is $292.51  and 200 day price change is -$9.09 (-3.12%)  and with average volume for 200 days is : 1,351,501.

Other owners latest trading in Carvana :

  • On 10/7/2021 shares held by Berman Capital Advisors LLC were 323 which equates to market value of $96K and appx 0.00% owners of Carvana
  • On 10/7/2021 shares held by Elevated Capital Advisors LLC were 3,639 which equates to market value of $1.10M and appx 0.40% owners of Carvana
  • On 9/24/2021 shares held by Whale Rock Capital Management LLC were 874,728 which equates to market value of $264.01M and appx 1.70% owners of Carvana
  • In total Institutional ownership equates to Institutional Ownership Percentage: 54.18% for Carvana

See More Analyst Rating at: RATING