Carvana Co Stock Today
| CVNA Stock | USD 75.62 4.18 5.85% |
Performance14 of 100
| Odds Of DistressLess than 23
|
Carvana is trading at 75.62 as of the 25th of April 2024, a 5.85 percent increase since the beginning of the trading day. The stock's open price was 71.44. Carvana has about a 23 % chance of experiencing some form of financial distress in the next two years of operation and had a somewhat good performance during the last 90 days. Equity ratings for Carvana Co are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of March 2024 and ending today, the 25th of April 2024. Click here to learn more.
Carvana Co., together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States. Carvana Co. was founded in 2012 and is headquartered in Tempe, Arizona. Carvana Co operates under Internet Retail classification in the United States and is traded on New York Stock Exchange. The company has 84.5 M outstanding shares of which 29.16 M shares are currently shorted by private and institutional investors with about 5.42 trading days to cover. More on Carvana Co
Moving together with Carvana Stock
| 0.84 | DIBS | 1StdibsCom Financial Report 8th of May 2024 | PairCorr |
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Moving against Carvana Stock
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Carvana Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Carvana's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Carvana or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman | Ernie Garcia |
| Old Names | [ROMANDE ENERGIE N (CVNA.SG), Romande Energie Holding SA] |
| Business Concentration | Automotive Retail, Consumer Discretionary Distribution & Retail, Consumer Discretionary, NYSE Composite, Consumer Discretionary, Specialty Retail, Internet Retail, Consumer Cyclical (View all Sectors) |
Carvana Co (CVNA) is traded on New York Stock Exchange in USA. It is located in 300 East Rio Salado Parkway, Tempe, AZ, United States, 85281 and employs 13,700 people. Carvana is listed under Automotive Retail category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a current market capitalization of 13.72 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Carvana's market, we take the total number of its shares issued and multiply it by Carvana's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Carvana conducts business under Specialty Retail sector and is part of Consumer Discretionary industry. The entity has 84.5 M outstanding shares of which 29.16 M shares are currently shorted by private and institutional investors with about 5.42 trading days to cover.
Carvana Co currently holds about 666 M in cash with 803 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 6.29.
Check Carvana Probability Of Bankruptcy
Ownership AllocationCarvana retains a total of 84.5 Million outstanding shares. The majority of Carvana Co outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Carvana to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Carvana. Please pay attention to any change in the institutional holdings of Carvana Co as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Carvana Ownership Details
Carvana Stock Price Odds Analysis
What are Carvana's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Carvana jumping above the current price in 90 days from now is about 35.98%. The Carvana Co probability density function shows the probability of Carvana stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 3.8863 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Carvana will likely underperform. Additionally, carvana Co has an alpha of 0.8155, implying that it can generate a 0.82 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Carvana to move above the current price in 90 days from now is about 35.98 (This Carvana Co probability density function shows the probability of Carvana Stock to fall within a particular range of prices over 90 days) .
Carvana Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Carvana market risk premium is the additional return an investor will receive from holding Carvana long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Carvana. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Carvana's alpha and beta are two of the key measurements used to evaluate Carvana's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.1228 | |||
| Jensen Alpha | 0.8155 | |||
| Total Risk Alpha | 0.3464 | |||
| Sortino Ratio | 0.2518 |
Carvana Stock Against Markets
Picking the right benchmark for Carvana stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Carvana stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Carvana is critical whether you are bullish or bearish towards Carvana Co at a given time. Please also check how Carvana's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Carvana without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Carvana Corporate Directors
Carvana corporate directors refer to members of a Carvana board of directors. The board of directors generally takes responsibility for the Carvana's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Carvana's board members must vote for the resolution. The Carvana board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Ira Platt | Independent Director | Profile | |
| Dan Quayle | Independent Director | Profile | |
| Neha Parikh | Independent Director | Profile | |
| Michael Maroone | Lead Independent Director | Profile |
How to buy Carvana Stock?
Before investing in Carvana, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Carvana. To buy Carvana stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Carvana. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Carvana stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Carvana Co stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Carvana Co stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Carvana Co, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Carvana Stock please use our How to Invest in Carvana guide.
Already Invested in Carvana Co?
The danger of trading Carvana Co is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Carvana is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Carvana. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Carvana is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Carvana offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Carvana's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Carvana Co Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Carvana Co Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Carvana Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Complementary Tools for Carvana Stock analysis
When running Carvana's price analysis, check to measure Carvana's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Carvana is operating at the current time. Most of Carvana's value examination focuses on studying past and present price action to predict the probability of Carvana's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carvana's price. Additionally, you may evaluate how the addition of Carvana to your portfolios can decrease your overall portfolio volatility.
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Is Carvana's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Carvana. If investors know Carvana will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Carvana listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Carvana is measured differently than its book value, which is the value of Carvana that is recorded on the company's balance sheet. Investors also form their own opinion of Carvana's value that differs from its market value or its book value, called intrinsic value, which is Carvana's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Carvana's market value can be influenced by many factors that don't directly affect Carvana's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Carvana's value and its price as these two are different measures arrived at by different means. Investors typically determine if Carvana is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Carvana's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.